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BL20A0201 Power Exchange Game for Electricity Markets, 3 cr / 1.67 cu 
Code BL20A0201  Validity 01.08.2007 -
Name Power Exchange Game for Electricity Markets  Abbreviation Power Exchange 
Credits3 cr / 1.67 cu   
TypeBasic studies  
  Grading scaleStudy modules 0-5,P/F 
  Eligibility for post-graduate studiesno
    Allowed to study several timesno
Organisation LUT School of Energy Systems 

Nadezda Belonogova 

Description by Study Guide
Note  Location: Lappeenranta
The course is suitable for distance learning 
Year  M.Sc. (Tech.) 1 
Period  2-3 
Teaching Language  English 
Teacher(s) in Charge 

D.Sc. (Tech.) Nadezda Belonogova


Upon completion of the course the student will be able to: Plan electricity purchase and sale in an economically viable way, recognize the most common risk management instruments and basic mechanisms of demand response in electricity markets, and exploit financial products of the power exchange in risk management and trade electricity in day ahead and intraday markets. These skills will be practised in a power exchange game, after which the student will be able to analyse and interpret the game results.


Electricity purchase/sale, OTC markets, physical products on the power exchange (Elspot and Elbas), financial products on the power exchange (DS Futures and Futures), risk management.

Teaching Methods 

11 h of lectures, written homework 5 h, intermediate report 8 h and final report 12 h. Independent work 40h. Total workload 76 h. 2nd and 3rd period. The lectures focus on the key learning objectives in the topic. Successful completion of the course requires student’s active independent work.

Examination in Examination schedule (Yes/No)  No 
Examination in Moodle (Yes/No)  No 
Examination in Exam (Yes/No)  No 
Assessment scale and assessment methods 

0-5, written report 100 %.

Course Materials 

Course material in Moodle


BL20A0401 Electricity Market / Sähkömarkkinat

Places for exchange-students? (Yes, number/No)  max 5 
Places for Open University Students?(Yes, number/No)  max 5 

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