Credits: 5

Schedule: 10.09.2018 - 22.10.2018

Teacher in charge (valid 01.08.2018-31.07.2020): 

Sanna Syri

Teaching Period (valid 01.08.2018-31.07.2020): 


Learning Outcomes (valid 01.08.2018-31.07.2020): 

Student understands economic theory related to energy markets. Student is able to perform (simplified) professional calculations on profitability, operation and investment strategies in the energy sector, including issues related to latest technological and market developments. Student understands the operation principles of international fuel markets. Student understands the operation principles of international electricity markets. Student understands the operation principles of district heat markets in Finland. Student understands the main change trends in the energy sector and how energy and climate policy is affecting the energy sector. Student recognizes various ways of defining energy security and the challenges related to the definitions.

Content (valid 01.08.2018-31.07.2020): 

-          Economic theory and calculations in energy markets

-          Power plant costs and profitability

-          International fuel markets

-          Nordic and European electricity markets

-          District heat markets and pricing in Finland, new trends in district heating

-          Electricity storage: technologies, economics and operation examples

-          European energy and climate regulation and impacts on the energy sector

-          Case examples

-          Energy security

Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

Execution: Lectures + exercises

Assessment methods and criteria: Exam

Workload (valid 01.08.2018-31.07.2020): 

Lectures 24 h

Exercises 24 h

Study Material (valid 01.08.2018-31.07.2020): 

Lecture and exercise material.

Substitutes for Courses (valid 01.08.2018-31.07.2020): 

Ene-59.4201, Energy Markets

Grading Scale (valid 01.08.2018-31.07.2020): 


Registration for Courses (valid 01.08.2018-31.07.2020): 



Registration and further information