Electricity markets (3 cr)
Code: TE00BX20-3004
General information
- Enrollment
-
01.06.2025 - 31.08.2025
Registration for introductions has not started yet.
- Timing
-
01.09.2025 - 31.10.2025
The implementation has not yet started.
- Number of ECTS credits allocated
- 3 cr
- Local portion
- 3 cr
- Mode of delivery
- Contact learning
- Unit
- Engineering
- Teaching languages
- English
- Seats
- 20 - 45
- Degree programmes
- Degree Programme in Energy and Environmental Technology
Evaluation scale
H-5
Content scheduling
Structure of the electricity markets and key players
Formation of electricity prices, trading and balancing electricity market, imbalance settlement
Electricity exchange products and risk management in electricity trading
Legislation and regulatory models related to electricity networks
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
Materials
Material provided by the instructor.
Teaching methods
Contact teaching, group work, and course assignment.
Exam schedules
Two retake option in the common retakes.
International connections
Both theory lectures and assignments to apply the theory.
Student workload
Attending to the lectures and course assignment to be accomplished in groups.
Qualifications
Sähkötekniikan perusteet