Course Overview
This course covers the principles and concepts of electricity markets, emphasizing Norwegian/Nordic solutions. It explores technical aspects of power systems, optimization, and economics, all presented with a strong emphasis on mathematical rigor. The course is tailored for graduate-level learners with a foundational understanding of the electric industry who seek a more in-depth understanding of the intricacies of electricity market operations.
MAIN GOAL
The course encompasses a wide array of topics, providing background knowledge on microeconomic fundamentals relevant to power markets, system operation, tariff structures, congestion management, optimal power flow, nodal pricing, flow-based market coupling, ancillary services, and environmental policies.
Learning Outcomes
On completion of this module the learner will/should have the ability to:
- + Conduct optimal dispatch and power flow calculations using optimization techniques
- + Apply methods to manage transmission congestion effectively
- + Formulate market simulation problems with mathematical expressions and as an optimization problem.
MEET YOUR INSTRUCTORS
Professor
Adjunct Associate Professor
Admissions
Entry Requirements
- + TET4105 Power System Analysis 1.
- + TET4135 Energy system planning and operation or similar courses.
Teaching and Assessment Methods
- + Hybrid Lectures
- + Project Assessment.
Application Deadline: Check institution page using link below
Fees & Funding
Tuition Fees
Visit institution page for information on fees and application deadlines.
Click here to visit institution page
Practical Notes
Contact Hossein Farahmand for any additional information relating to this course.
