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Electricity marketsLaajuus (3 cr)

Code: TE00BX20

Credits

3 op

Objective

After completing the course, student will

- recall structure of electricity markets and how they work. Furthermore, student can explain operating principle of Nordic electricity markets.
- can explain how electricity prices are determined in Nordic electricity markets and the principles of balancing power markets
- identify the most essential risks related to electricity markets and recalls methods for risk management
- recalls legislation and regulation models related to electricity grids
- identifies factors influencing development of electricity markets

Content

1. Structure and stakeholders of electricity markets
2. Electricity prices, trading and balancing power markets. Imbalance settlement.
3. Electricity exchange and risk management
4. Legislation and regulation models related to electricity grids

Enrollment

01.06.2024 - 29.08.2024

Timing

02.09.2024 - 13.12.2024

Number of ECTS credits allocated

3 op

Mode of delivery

Contact teaching

Unit

Engineering and Business

Teaching languages
  • Finnish
Degree programmes
  • Degree Programme in Energy and Environmental Technology
Teachers
  • Ossi Koskinen
Groups
  • PEYTES22
  • PEYTES21

Objective

After completing the course, student will

- recall structure of electricity markets and how they work. Furthermore, student can explain operating principle of Nordic electricity markets.
- can explain how electricity prices are determined in Nordic electricity markets and the principles of balancing power markets
- identify the most essential risks related to electricity markets and recalls methods for risk management
- recalls legislation and regulation models related to electricity grids
- identifies factors influencing development of electricity markets

Content

1. Structure and stakeholders of electricity markets
2. Electricity prices, trading and balancing power markets. Imbalance settlement.
3. Electricity exchange and risk management
4. Legislation and regulation models related to electricity grids

Evaluation scale

H-5

Enrollment

01.06.2023 - 29.10.2023

Timing

30.10.2023 - 15.12.2023

Number of ECTS credits allocated

3 op

Mode of delivery

Contact teaching

Unit

Engineering and Business

Teaching languages
  • Finnish
Degree programmes
  • Degree Programme in Energy and Environmental Technology
Teachers
  • Osmo Huhtala
Groups
  • PEYTES20
  • PEYTES21

Objective

After completing the course, student will

- recall structure of electricity markets and how they work. Furthermore, student can explain operating principle of Nordic electricity markets.
- can explain how electricity prices are determined in Nordic electricity markets and the principles of balancing power markets
- identify the most essential risks related to electricity markets and recalls methods for risk management
- recalls legislation and regulation models related to electricity grids
- identifies factors influencing development of electricity markets

Content

1. Structure and stakeholders of electricity markets
2. Electricity prices, trading and balancing power markets. Imbalance settlement.
3. Electricity exchange and risk management
4. Legislation and regulation models related to electricity grids

Evaluation scale

H-5

Enrollment

01.06.2022 - 02.09.2022

Timing

01.08.2022 - 31.12.2022

Number of ECTS credits allocated

3 op

Mode of delivery

Contact teaching

Unit

Engineering and Business

Teaching languages
  • Finnish
Degree programmes
  • Degree Programme in Energy and Environmental Technology
Teachers
  • Osmo Huhtala
Groups
  • PEYTES20

Objective

After completing the course, student will

- recall structure of electricity markets and how they work. Furthermore, student can explain operating principle of Nordic electricity markets.
- can explain how electricity prices are determined in Nordic electricity markets and the principles of balancing power markets
- identify the most essential risks related to electricity markets and recalls methods for risk management
- recalls legislation and regulation models related to electricity grids
- identifies factors influencing development of electricity markets

Content

1. Structure and stakeholders of electricity markets
2. Electricity prices, trading and balancing power markets. Imbalance settlement.
3. Electricity exchange and risk management
4. Legislation and regulation models related to electricity grids

Evaluation scale

H-5