Please note! Course description is confirmed for two academic years (1.8.2018-31.7.2020), which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.
LEARNING OUTCOMES
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.
Credits: 5
Schedule: 07.09.2020 - 19.10.2020
Teacher in charge (valid 01.08.2020-31.07.2022): Sanna Syri
Teacher in charge (applies in this implementation): Sanna Syri
Contact information for the course (applies in this implementation):
CEFR level (applies in this implementation):
Language of instruction and studies (valid 01.08.2020-31.07.2022):
Teaching language: English
Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
Valid 01.08.2020-31.07.2022:
- 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 01.08.2020-31.07.2022:
Execution: Lectures + exercises
Assessment methods and criteria: Exam
Workload
Valid 01.08.2020-31.07.2022:
Lectures 24 h
Exercises 24 h
DETAILS
Study Material
Valid 01.08.2020-31.07.2022:
Lecture and exercise material.
Substitutes for Courses
Valid 01.08.2020-31.07.2022:
Ene-59.4201, Energy Markets
SDG: Sustainable Development Goals
7 Affordable and Clean Energy
13 Climate Action
FURTHER INFORMATION
- Teacher: Cross Samuel
- Teacher: Farsaei Anahita
- Teacher: Hiltunen Pauli
- Teacher: Koivunen Tero
- Teacher: Syri Sanna
- Teacher: Teräsvirta Antti