| Objectives
The West-European energy scenario
has seen a fast evolution in the last years. The vertically integrated
state-owned companies have been unbundled. Transmission network management
has retained its original monopoly nature but has been assigned to independent
operators in every Country, while competition has developed in generation
and distribution, also in consequence of the sale to private investors
of portions of the old generation park.
Unbundling has been then followed in many countries by the development
of competitive energy markets and of the power-exchange organizations
in charge to manage competitive sale of energy. New problems have arisen
(e.g. exploitation of market power by incumbent producers and uncertainty
on future revenue due to price volatitity) that required constant intervention
of the regulatory Authorities in order to maintain conditions of level
play field among the participants while ensuring an adequate level of
hedging from price volatility.
Beyond the national perspective, the growth of interest for the international
exchanges of energy, the so-called “cross-border trade”, has
generated in the last years the necessity to regulate competition among
the EU countries. Hence the European directive 1228/03. The sensibility
to the necessity to develop a common Europe-wide Internal Energy Market
has become stronger. The Florence Regulatory Forum has been created to
discuss a common perspective in the Electricity field. The path towards
a progressive tightening of the bounds between the European markets has
been traced by the strategy paper on mid-term strategy of the EC.
A similar process of integration is now being implemented in the Energy
Community of South East Europe, where a CBT mechanism has been introduced,
coordinated auction of interconnection capacity are currently experimented
and there is an already outlined Standard Market Design proposal for a
future regional electricity market.
In this fast changing framework, that risks to generate uncertainties
and frustration, simulation tools have an important role to play in order
to assess the mid term and long term impact of possible regulatory changing.
A noteworthy research field that has seen in the last years a constantly
growing interest from the academic world is the utilization of the so-called
“games theory” to study market equilibrium in presence of
complex regulatory frameworks.
The course is aimed at clarifying the most important ideas concerning
games theory applied to electricity market simulation. To provide a more
concrete view, two real simulators based on games theory will be treated
in detail and hand-on sessions will allow to make the course participants
aware of the complexity of the simulation studies that can be carried
out with reference to real markets.
Coordinators
Dr.
Gianluigi Migliavacca
Gianluigi Migliavacca was born in 1965, received his
degree in Electronic Engineering from the Politechnic University of Milan
in 1991. In 1994 he was engaged in the Automation Research Center of ENEL
where he has been responsible of research activities in the field of mathematical
modeling and numerical methods for the dynamic simulation of thermal power
plants. In 2000 he joined CESI in Milan where he works, now, on methodologies
and studies on issues regarding energy markets and cross border trade.
During the year 2003 he gave a significant contribution to a study on
the implementation of locational signals in the frame of the evolution
of the Internal Electricity Market of the European Community, carried
out on behalf of EURELECTRIC. At present he is also involved in a consultancy
to the Italian Energy and Gas Regulatory Authority about the so called
Athens process, aiming at setting up a common competitive market for energy
and gas in all the Countries of South East Europe.
At the same time he is also acting as a consultant for the Italian Energy
and Gas Regulatory Authority about the issues regarding Cross Border Trade
and congestion management issues in multi-national energy markets.
He is also member of the technical committee power plants and power systems
of IFAC and involved in the evaluation process of the papers presented
both to the IFAC World Congresses and to the Power Plants and Power systems
Symposia.
Instructors
Julian
Barquin
Universidad Pontificia Comillas
Spain
Massimo
Beccarello
Italian Energy Authority
Italy
Ettore
Bompard
University of Torino
Italy
Jean-Marie
Coulondre
RTE
France
Gianluigi
Migliavacca
CESI
Italy
Florentina
Mihailescu
ANRE
Romania
Fabio
Tambone
Italian Energy Authority
Italy
Course
duration and location
Three days,
from Monday 19th to Wednesday 21st of September 2005. CESI S.p.A., via
Rubattino, 54, 20134, Milano - Italy.
Courses Contents
This course is targeted to post-graduate students interested
both in an overview of the evolution trends of the European energy markets
and in the modeling tools used for markets simulation in complex regulatory
frameworks.
Although this course does not provide a systematic exposition
of all the basics of games theory, nonetheless it can be also followed
by those who are interested in a short introduction to games theory and,
in particular, to its applications to the simulation of electricity markets.
Monday, September 19th
9.00 – 9.30 Course registration
9.30 – 11.30 Introduction to the course (G. Migliavacca)
10.45 – 11.00 Coffee Break
11.30 – 13.30 Evolution perspectives and necessity
of integration of the electricity markets in the EU Countries (J. M. Coulondre)
13.30 – 14.30 Lunch
14.30 – 16.30 Evolution perspectives and necessity
of integration of the electricity markets in the ECSEE Countries (F. Mihailescu)
15.30 – 15.45 Coffee Break
16.30 – 17.30 Engagement of the Italian Authority
in the Florence and Athens processes (F. Tambone)
Tuesday, September 20th
9.00 – 12.30 Classification of market simulator.
Basic of games theory (G. Migliavacca)
10.45 – 11.00 Coffee Break
12.30 – 13.30 Application of simulation to regulatory
impact assessment (M. Beccarello)
13.30 – 14.30 Lunch
14.30 – 16.00 Illustration of CESI-Politecnico di
Torino mid and long-term simulator (E. Bompard)
15.30 – 15.45 Coffee Break
16.00 – 17.30 Illustration of Comillas simulator
(J. Barquin)
Wednesday, September 21st
9.00 – 12.30 Hands-on session with CESI-Politecnico
di Torino simulator (E. Bompard)
10.45 – 11.00 Coffee Break
12.30 – 13.30 Lunch
13.30-17.00 Hands-on session with Comillas simulator (J.
Barquin)
17.00-17.30 Course Conclusions (G. Migliavacca)
Course
fees
The course fees include lectures, documentation, coffee
breaks and lunches.
Members of the EES-UETP: 525 EUR
University non members of the EES-UETP: 900 EUR
Industry non members of the EES-UETP: 1500 EUR
Bank: BANCA INTESA SPA MILANO
Account n°: 00146956/01/40
ABA Routing n°: ABI 03069 CAB 09420
IBAN: IT 19 R 03069 09420 001469560140
And please send of fax a copy of the bank transfer to
Mrs. Anna Ballarini
Email: aballarini@cesi.it
Phone: +39 02 2125 5018
Fax: +39 02 2125 5579
Courses’ Cancellation Policy: notifications should
be sent in writing to the course Coordinator. Cancellations received one
week before the course will not be refunded.
Registration
form
To register to the
EES-UETP course, please download the form below, fill it up, and send
or fax a copy before July 15th 2005 to:
Mrs. Anna
Ballarini
Email: aballarini@cesi.it
CESI spa
Via Rubattino, 54
I-20134- Milano, Italy
Phone: +39 02 2125 5018
Fax: +39 02 2125 5579
Download
Registration form
Download
course brochure
Accommodation
Please visit
our Website: www.cesi.it
Special Prices have been arranged.
The price for a single-room with breakfast ranges from : 70 to 150 EUR.
The closest and most convenient accommodation is Hotel Gamma, via Valvassori
Peroni, nr. 85 - tel. +39.02.26413152 – fax. 2640255. Reservations
before August 15th, 2005 are warmly recommended.
Information
Mrs. Anna Ballarini
E-mail: aballarini@cesi.it
CESI spa
Via Rubattino 54, I-20134 Milano, Italy
Phone: +39 02 2125 5018
Fax: +39 02 2125 5579
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