Electricity markets (3 cr)

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