Type of course

Admission requirements

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

Suggested 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.

Objectives of the course

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

Knowledge about:

• 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

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: A re-sit exam will be arranged for this course. Subject to general rules.