Type of course

Admission requirements

A relevant undergraduate Bachelor degree in Engineering program in power electronics and electrical machines. Basic knowledge in power systems is also an advantage.

In addition, the following requirements must be met:

- minimum 25 credits in mathematics (equivalent to Mathematical Methods 1, 2 og 3), 5 credits in statistics and 7,5 ects i physics on a higher level is required.

Application code: 9371

Recommended prerequisites: General knowledge of energy systems and stationary and dynamic properties of the power system. Basic skills in financial and technical-economic planning.

Course content

• European main grid power system is built up.
• Regulators, transmission system operators and power exchange.
• Roles and responsibilities of the different actors.
• Guidelines from ACER/CEER and ENTSO-E
• From Nordic grid code to network codes.
• Different sources for power production and their system properties.
• Balancing of power systems in generally.
• Different markets and balancing in the planning phase.
• Different markets and balancing in the operating phase.
• Capacity allocation and congestion management. Consequences.
• Wholesale, Retail and Financial market.
• Auxiliary services.
• Aggregation of reserves.

Recommended prerequisites

Objectives of the course

After completing the subject, the candidate will have the following learning outcome:

Knowledge:

• Organization of the European electric power system.
• Interaction between production, grid and market.
• Regulation of the electric power system based on market mechanism.

Skills:

• Bid to power exchange from a power companies available resources.
• Create production plans from the power exchange prices.Balancing their own commitments by deviations from plans.
• Calculate reserves and bid the reserve marketsManage congestion through area pricing and countertrade.
• Could explain area pricing and countertrade - different incentives for investments.
• Could explain the socio-economic consequences of major capacity constraints,with winners and losers.

General competence:

• The candidate will have competence to operate a power company with different types of sources for power production, conventional and renewable.
• The candidate will be able to operate the main grid and see both of these two separate different businesses in a markets- and monopoly perspective.
• The candidate should be able to see the need for market development as an incentive for the efficiency improvement of the power system.

Language of instruction and examination

Teaching methods