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EG2060 Electricity Market Analysis 7.5 credits

Administer About course

Course offerings are missing for current or upcoming semesters.
Headings with content from the Course syllabus EG2060 (Autumn 2010–) are denoted with an asterisk ( )

Content and learning outcomes

Course contents

Theory and examples are presented during the lectures and are then applied by the students in several home assignments, which cover the central parts of the course contents. Home assignments are given for most of the above areas.

Intended learning outcomes

The students should after the course be able to

  • describe the structure of an electricity market,
  • perform rough estimations of electricity prices

Describe how electricity prices, power system operation and investments depends on:

  • grid limitations, including node pricing, counter buying and auctions
  • price sensitive consumers, including measurement requirements, limited flexibility, notice time and types of contract
  • financial derivatives, including futures, options and contracts for differences
  • grid tariffs, including energy charges, loss allocation and transmission between system operators
  • market power, including monopoly, oligopoly, role of authorities, and models such as Cournot and Bertrand
  • handling of environmental issues, including certificates, taxes, in-feed tariffs, electricity disclosure, emission rights and “green” electricity.
  • Design of balancing markets, including bidding, price methods, secondary control and control areas.
  • Handling of risk of capacity deficit, including regulation, capacity payment, roles for different actors.

Literature and preparations

Specific prerequisites

Courses in mathematics (including probabiliy theory) 30 HEC. English B or equivalent.

Recommended prerequisites

Basic mathematical knowledge including probability theory. The course EG2050 is recommended

Equipment

No information inserted

Literature

“Compendium in Electricity Market Analysis”, Electric Power Systems Lab.

Examination and completion

If the course is discontinued, students may request to be examined during the following two academic years.

Grading scale

A, B, C, D, E, FX, F

Examination

  • TEN1 - Examination, 7.5 credits, grading scale: A, B, C, D, E, FX, 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.

Other requirements for final grade

Written exam

Opportunity to complete the requirements via supplementary examination

No information inserted

Opportunity to raise an approved grade via renewed examination

No information inserted

Examiner

Profile picture Mohammad Reza Hesamzadeh

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

EES/Electric Power Systems

Main field of study

Electrical Engineering

Education cycle

Second cycle

Add-on studies

No information inserted

Contact

Mohammad Hesamzadeh