Electricity pricing, congestion management, hydro power, market power, environmental issues, regulation market, financial derivatives, transmission tariffs, role of the TSO, capacity investments, investment dynamics.
FEG3222 Electricity Market Analysis, Graduate Course 10.0 credits
Information for research students about course offerings
Period 4.
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Application
For course offering
Spring 2024 Start 16 Jan 2024 programme students
Application code
60848
Headings with content from the Course syllabus FEG3222 (Spring 2019–) are denoted with an asterisk ( )
Content and learning outcomes
Course contents
Intended learning outcomes
After the course, the student should be able to
- describe the principles of how an electricity market can be organised,
- describe treatment of flexible load
- describe methods to handle congestion in power markets,
- describe methods for analyzing prices in markets with limited competition,
- describe basic methods for financial risk management in power markets,
- describe methods to handle externalities, such as environmental problems, in electricity markets,
- perform calculations of pricing in small systems with one of the above characteristics.
- analyze pricing in larger power systems with combinations of several of the above named characteristics.
- apply methods for analyzing the trade off between low prices and reliability in larger power systems,
- formulate market simulation problems with mathematical expressions,
- analyze investment dynamics in electricity markets,
- reflect on possible ways to design electricity markets.
Literature and preparations
Specific prerequisites
The course is intended for Ph.D. students in electric power systems, but can also be interesting for students from other fields of electrical engineering.
Recommended prerequisites
No information inserted
Equipment
No information inserted
Literature
L. Söder “Electricity Market Analysis”.
Examination and completion
If the course is discontinued, students may request to be examined during the following two academic years.
Grading scale
P, F
Examination
- EXA1 - Examination, 10.0 credits, grading scale: P, F
Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.
The examiner may apply another examination format when re-examining individual students.
The project assignments are chosen by students in agreement with their supervisors and the examiner of the course.
Other requirements for final grade
- Approved home assignments.
- Passed the exam.
- Approved project assignments.
Opportunity to complete the requirements via supplementary examination
No information inserted
Opportunity to raise an approved grade via renewed examination
No information inserted
Examiner
Ethical approach
- All members of a group are responsible for the group's work.
- In any assessment, every student shall honestly disclose any help received and sources used.
- In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.
Further information
Course room in Canvas
Registered students find further information about the implementation of the course in the course room in Canvas. A link to the course room can be found under the tab Studies in the Personal menu at the start of the course.
Offered by
Main field of study
This course does not belong to any Main field of study.
Education cycle
Third cycle
Add-on studies
No information inserted
Contact
Mohammad Reza Hesamzadeh (mrhesamzadeh@ee.kth.se)