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FEG3222 Electricity Market Analysis, Graduate Course 10.0 credits

About course offering

For course offering

Spring 2024 Start 16 Jan 2024 programme students

Target group

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Part of programme

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P3 (10.0 hp)


16 Jan 2024
15 Mar 2024

Pace of study


Form of study

Normal Daytime

Language of instruction


Course location

KTH Campus

Number of places

Places are not limited

Planned modular schedule


For course offering

Spring 2024 Start 16 Jan 2024 programme students

Application code



For course offering

Spring 2024 Start 16 Jan 2024 programme students


Mohammad Reza Hesamzadeh (


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Course coordinator

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Headings with content from the Course syllabus FEG3222 (Spring 2019–) are denoted with an asterisk ( )

Content and learning outcomes

Course contents

Electricity pricing, congestion management, hydro power, market power, environmental issues, regulation market, financial derivatives, transmission tariffs, role of the TSO, capacity investments, investment dynamics.

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

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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


  • 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

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Opportunity to raise an approved grade via renewed examination

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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


Mohammad Reza Hesamzadeh (

Postgraduate course

Postgraduate courses at EECS/Electric Power and Energy Systems