THE UNIVERSITY of EDINBURGH

DEGREE REGULATIONS & PROGRAMMES OF STUDY 2020/2021

Information in the Degree Programme Tables may still be subject to change in response to Covid-19

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DRPS : Course Catalogue : Business School : Common Courses (Management School)

Postgraduate Course: Energy Finance and Policy (CMSE11484)

Course Outline
SchoolBusiness School CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityNot available to visiting students
SCQF Credits10 ECTS Credits5
SummaryThe energy finance course aims to integrate conventional finance with energy finance. The course will provide a basis for understanding the links between conventional corporate finance and energy and carbon finance. The course will provide students essential skills for project cash flow assessment.
Course description The course will draw on both theoretical and applied concepts in delivering lectures on all topics. Lectures will also be delivered by experienced practitioners, with knowledge of structured and energy finance. In addition to introducing students to the wider literature on energy finance and policy related to energy, recent publications and case studies will be used to ensure that students will come away from the course with specific skills in the evaluation of risks and opportunities associated with financing energy projects.

Outline content

Introduction to the course and overview of the UK's current energy value chain and key aspects of the institutional framework
Investment uncertainty and market redesign for low carbon investment
Networks: Distribution & transmission regulation
Retail markets and smart energy
New energy business models and the Political Economy of Sustainable Energy & Finance
Field trips to energy installations in the UK
Project Finance and Levelised Cost of Electricity
Energy Risk Management
Stochastic Modelling of Energy Projects in Excel
Experience Curve and Technology Learning in the Green Economy
Managing CO2 Issues and CCS Projects

Student Learning Experience
Formal teaching occurs in lectures, tutorials, computer lab sessions and field trips. Much of the learning will be the result of students┐ own reading and reflection, and preparation for coursework. A high level of student participation is expected, through discussion in class and working in groups. Scholarly endeavor is fundamentally about building on the discoveries and insights of others, and we hope that team co-operation will enrich all students. There will be time for questions and discussion in class as well as practice for cash flow and stochastic modelling in computer labs.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Course Delivery Information
Not being delivered
Learning Outcomes
On completion of this course, the student will be able to:
  1. Demonstrate a critical understanding of the principles of finance and apply the understanding to solving problems in the energy sector.
  2. Describe and critically discuss the principal features of the energy industry, energy technologies, energy markets and capital markets.
  3. Apply the main techniques of financial analysis, risk analysis and risk management, including stochastic modelling techniques applied to an energy project under conditions of uncertainty.
  4. Critically evaluate financial decision-making within energy firms/utilities.
  5. Develop overaching strategies for mitigating and/or transferring energy risks.
Reading List
None
Additional Information
Graduate Attributes and Skills Knowledge and understanding
Practice
Team Working
Generic cognitive Skills
Communication
Independent Research
KeywordsNot entered
Contacts
Course organiserDr Xi Liang
Tel: (0131 6)51 5328
Email: Xi.Liang@ed.ac.uk
Course secretary
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