Identifying Data 2022/23
Subject (*) Energy Politics and Investments Analysis Code 730547004
Study programme
Máster Universitario en Eficiencia Enerxética e Sustentabilidade
Descriptors Cycle Period Year Type Credits
Official Master's Degree 1st four-month period
First Obligatory 4.5
Language
Spanish
Galician
Teaching method Face-to-face
Prerequisites
Department Economía
Empresa
Coordinador
Iglesias Gomez, Guillermo
E-mail
guillermo.iglesias@udc.es
Lecturers
Iglesias Gomez, Guillermo
Llano Paz, Fernando de
E-mail
guillermo.iglesias@udc.es
fernando.de.llano.paz@udc.es
Web http://http://campusvirtual.udc.gal/login/index.php
General description A materia comezará dando unha visión panorámica do contorno do sector enerxético, facendo especial fincapé na súa regulación específica e nos principais mercados que operan nel. Nunha segunda parte, abordarase o problema da avaliación de proxectos no sector enerxético dende unha perspectiva tanto teórica como práctica.

Study programme competencies
Code Study programme competences
A1 CE1 - Apply methodologies and regulations for efficient energy management
A2 CE2 - Analyze and implement energy saving and efficiency measures in the industrial, tertiary and residential sectors
A4 CE4 - Apply data analysis methods for the creation of efficient energy systems
A5 CE5 - Analyze energy consumption and its associated costs
B4 CB9 - That students know how to communicate their conclusions and the knowledge and ultimate reasons that support them to specialized and non-specialized audiences in a clear and unambiguous way
B7 CG2 - Develop analysis and synthesis skills; encourage critical discussion, defending arguments, and drawing conclusions
B8 CG3 - Incorporate their own vocabulary to express themselves accurately in effective communication, both written and oral
B15 CG10 - Know the current legislation and regulations applicable to the renewable energy and energy efficiency sector
B16 CG11 - Evaluate the application of emerging technologies in the field of energy and the environment
C2 CT2 - Master the oral and written expression and comprehension of a foreign language
C5 CT5 - Understand the importance of entrepreneurial culture and know the means available to entrepreneurs
C6 CT6 - Gain life skills and healthy habits, routines, and lifestyles
C9 CT9 - Have the ability to manage time and resources: develop plans, prioritize activities, identify criticism, set deadlines and meet them

Learning aims
Learning outcomes Study programme competences
Analyze the different economic-financial conditions and associated risk scenarios in a renewable energy project AC1
AC2
AC4
AC5
BC7
BC8
BC15
CC2
CC5
CC6
CC9
Understand the scope of a financial operation and the meaning of the three variables involved: capital, time and interest AC1
AC4
BC4
BC7
BC8
BC16
CC5
CC9
Identify the fundamental aspects in an investment in order to find the optimal structure that allows the financing of a project AC1
AC4
BC4
BC7
BC8
BC16
CC5
CC9

Contents
Topic Sub-topic
Section 1: The general context of energy problem Introduction: Energy Sector
Energy policy
Energy markets
Energy and environment
Renewable energy
Section 2: Project evaluation in energy sector Introduction to basic Financial concepts: Project evaluation
Selection of energy assets for power generation: Portfolio theory and Scenarios.
Project evaluation of Renewable Energy Sources
Project Finance

Planning
Methodologies / tests Competencies Ordinary class hours Student’s personal work hours Total hours
Guest lecture / keynote speech A2 A4 A5 B8 B16 C5 C6 11 22 33
Case study A1 A2 A4 A5 B4 B7 B8 B15 B16 C2 C5 C6 C9 20 60 80
Objective test A1 A4 A5 B4 B7 B8 B15 B16 1 8 9
 
Personalized attention 3 0 3
 
(*)The information in the planning table is for guidance only and does not take into account the heterogeneity of the students.

Methodologies
Methodologies Description
Guest lecture / keynote speech This resource is employed by the teachers in theory sessions in order to explain conceptual issues.
Case study It will be proposed practical cases, that can involve the use of databases, additional bibliography or ICT, in each of the topics to improve the capacity of analysis and to value the development of the competencies which were pointed out.
Objective test It will be a test-exam and exercises about basic topics of the subject.

Personalized attention
Methodologies
Case study
Description
Through individual, or group tutoring, special difficulty issues will be discussed. Also partial-registration cases or exemption of assistance will be dealt with a specific programming agreed with the coordinator.

Assessment
Methodologies Competencies Description Qualification
Case study A1 A2 A4 A5 B4 B7 B8 B15 B16 C2 C5 C6 C9 The continuous evaluation will be established through the analysis of cases presented by teaching staff to value the acquisition of the competencies. 60
Objective test A1 A4 A5 B4 B7 B8 B15 B16 Final exam about basic conceptual issues of the subject. It shall include as a minimum a test-exam. It will be developed in the official period of examinations. 40
 
Assessment comments

The evaluation will follow the same criteria for the first opportunity as for the second.

In the situations of partial-time registration or assistance exemption, it will be established a special program and a system of delivery with the coordinator for the activities which cannot be realized in the classroom. If necessary, due to exceptional circumstances, the objective test at the second opportunity may be weighted 100% of the grade.

Fraudulent performance of tests or assessment activities, such as plagiarism, will directly lead to a mark of '0' in the subject of the corresponding exam session, thus invalidating any marks obtained in the other assessment activities.


Sources of information
Basic
  • ECOFYS (2014). Design features of support schemes for renewable electricity. European Commission
  • Energía y Sociedad (2016). Manual de la Energía.
  • EWEA (2009). The Economics of Wind Energy. EWEA
  • Figueroa, E. (2006). El comportamiento económico del mercado de petróleo. Ediciones Díaz de Santos. Madrid
  • IRENA (2015). Renewable power generation costs in 2014. IRENA
  • Rendón, J. J. G.; Mesa, J. M. (2015). Precios y desempeño regulatorio en el pool eléctrico español. Documentos de Trabajo Economía y Finanzas-Centro de Investigación Económicas y Financieras, nº 15-1
  • Yescombé, E.R. (2014). Principles of Project Finance. Academic Press

Some internet webs:

Energía y Sociedad (2016): Manual de la Energía, available in:

ECOFYS (2014): Design features of support schemes for renewable electricity, available in:

EWEA (2009): The Economics of Wind Energy, available in:

http://www.ewea.org/fileadmin/files/library/publications/reports/Economics_of_Wind_Energy.pdf

IRENA (2015): Renewable power Generation Costs in 2014, available in:

Institutions WEBS:

OMIE. http://www.omie.es/inicio

Complementary


Recommendations
Subjects that it is recommended to have taken before

Subjects that are recommended to be taken simultaneously

Subjects that continue the syllabus

Other comments


(*)The teaching guide is the document in which the URV publishes the information about all its courses. It is a public document and cannot be modified. Only in exceptional cases can it be revised by the competent agent or duly revised so that it is in line with current legislation.