European Energy Business PT
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Commodity Trading and Global Commodity Markets (E )

level of course unit


Learning outcomes of course unit

The students will gain the ability to understand the relationships between the conceptual design and functioning of commodity trading and commodity markets and to put the acquired knowledge to the test in simulations.

prerequisites and co-requisites

not applicable

course contents

- Roles and functions of the electricity markets
- Commodities (electricity, gas, oil, coal, CO2)
- Wholesale and distribution markets
- Electricity exchanges and OTC
- Market mechanisms and market participants
- Pricing of electricity products
- Spot market
- Futures and options market
- Electricity exchanges and trading platforms
- Products and positions
- Pricing mechanisms in wholesale markets
- Organization of the energy trading
- Portfolio and risk management (in outline)

recommended or required reading

- Horstmann, K., Cieslarczyk, M., Energiehandel – Ein Praxishandbuch, Carl Heymanns Verlag 2006
- Kiesel, R./Eller, R. (Hrsg.), Risikomanagement in der Energiewirtschaft (8 Bände), Euroform, Düsseldorf, 2012

assessment methods and criteria

Exam, Paper, Presentation

language of instruction


number of ECTS credits allocated


course-hours-per-week (chw)


planned learning activities and teaching methods

not applicable

semester/trimester when the course unit is delivered


name of lecturer(s)

Dipl.-Ing. Harald Skopetz

year of study


recommended optional program components

not applicable

course unit code


type of course unit


mode of delivery

in-class course

work placement(s)

not applicable