Type of course

Admission requirements

A relevant undergraduate bachelor Engineering programme with minimum 30 credits mathematic/statistics topics

Suggested pre-requisites

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

Course content

Objectives of the course

After completed course the candidate should have the following learning outcome:

Knowledge:

• Knowledge of how the 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.
• Financial market.
• Auxiliary services.
• Retail market.
• Aggregation of reserves.

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 markets
• Manage congestion through area pricing and countertrade.
• Area pricing and countertrade ¿ different incentives for investments.
• Could explain the socio-economic consequences of major capacity constraints,
• Winners and losers at major capacity constraints.

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.
• Market development towards a European integrated energy market is a key topic.

Language of instruction and examination

Teaching methods

Assessment

Mandatory tasks

Mandatory exercise.

Assessment

3 hours written exam.

Grading scale is from A (highest) to F (lowest), with E as the minimum pass grade.

Re-sit exam

Available, subject to general rules.

Recommended reading/syllabus

Syllabus

Nordel: Nordic Grid Code 2007

Ivar Wangensteen: "Power System Economics - the Nordic Electricity Market", Tapir Academic Press: Edition: 2. edition Published: 2012 ISBN: 978-82-519-2863-2

European network of transmission system operators: Ten-years network development plan 2014. Various notes from the Nordic power exchange NordPool, and the transmission system operator Statnett.