Master of Energy Systems – Network Transportation Markets

Initiated in 2012 by Prof. Michael Brear, the Master of Energy Systems degree at the University of Melbourne bridged a long-standing gap in quality education on the theory and practice of energy markets, particularly in Australia, but also attracting students from around the world. Market Reform has been a supporter of the degree since its inception in 2012, advising on curriculum design, providing subject lecturers, and hosting interns.

The Energy Supply and Value Chains subject – the ‘capstone’ for the course – was taught to the first cohort of students in 2013. Its Network Transportation Markets unit was taught from 2013 to 2015 by our esteemed colleague Dr. Larry Ruff – one of the true pioneers of energy market economic theory and design – giving his students a once-in-a-lifetime opportunity to learn from not just an observer of these markets, but one of their key architects.  This ten lecture series is a true “master class” in energy markets.

• Lecture 1 – Overview
• Lecture 2 – Economics
• Lecture 3 – Oil Pipelines
• Lecture 4 – Optimisation and LP
• Lecture 5 – US Gas Model
• Lecture 6 – Power Systems
• Lecture 7 – UK Pool
• Lecture 8 – The Standard Model
• Lecture 9 – The Australian NEM
• Lecture 10 – Non-US-Model Gas Markets