Please note! Course description is confirmed for two academic years, 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.


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 and challenges 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: 05.09.2022 - 17.10.2022

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Sanna Syri

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English


  • valid for whole curriculum period:

    -          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 for whole curriculum period:

    Execution: Lectures + exercises

    Assessment methods and criteria: Exam

  • valid for whole curriculum period:

    Lectures 24 h

    Exercises 24 h


Substitutes for Courses
SDG: Sustainable Development Goals

    7 Affordable and Clean Energy

    11 Sustainable Cities and Communities

    13 Climate Action


Further Information
  • valid for whole curriculum period:

    Teaching Language : English

    Teaching Period : 2022-2023 Autumn I
    2023-2024 Autumn I

    Enrollment :

    Registration for the course via Sisu (