AAE-E3006 - Energy Markets, Lecture, 2.9.2024-14.10.2024

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.

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 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 recognises various ways of defining energy security and the challenges related to the definitions.

Credits: 5

Schedule: 02.09.2024 - 14.10.2024

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Jaakko Jääskeläinen

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

CONTENT, ASSESSMENT AND WORKLOAD

Content

  • 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

Workload

  • valid for whole curriculum period:

    Lectures 24 h

    Exercises 24 h

DETAILS

Study Material

  • valid for whole curriculum period:

    Lecture and exercise material.

Substitutes for Courses
Prerequisites
SDG: Sustainable Development Goals

    7 Affordable and Clean Energy

    11 Sustainable Cities and Communities

    12 Responsible Production and Consumption

    13 Climate Action

FURTHER INFORMATION

Further Information

  • valid for whole curriculum period:

    Teaching Language: English

    Teaching Period: 2024-2025 Autumn I
    2025-2026 Autumn I

    Registration:

    Registration for the course via Sisu (sisu.aalto.fi).

    Max 180 students

    Enrolment prioritisation:

    1. Advanced Energy Solutions Master’s programme students, ISEE Nordic Master Programme Heat and Power Engineering -major students, ISEE Nordic Master’s Programme Bioenergy - major students

    2. All others

Rules of Conduct - Students´ Rights and Responsibilities (in force from 1 August 2020)

Aalto University Code of Academic Integrity and Handling Violations Thereof