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BL20A0401 Electricity Market, 5 cr / 2.78 cu 
Code BL20A0401  Validity 01.08.2007 -
Name Electricity Market  Abbreviation Electricity Mar 
Credits5 cr / 2.78 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 

Samuli Honkapuro 

Description by Study Guide

Location: full-digi/Edited 12.08.19/ml


M.Sc. (Tech.) 1



Teaching Language 


Teacher(s) in Charge 

Associate Professor, D.Sc. (Tech.) Samuli Honkapuro


Upon completion of the course the student will be able to: 1. describe the characteristics of the different business sectors in the Nordic electricity market, 2. explain electricity price formation, 3. explain the operation principle of the power exchange, 4. identify and describe the products of the power exchange, 5. select the right risk management method for electricity trade, 6. describe the tasks of the different parties in an electric power system in maintaining technical and commercial power balance, including demand side management, 7. describe the motivations and principles of electricity market deregulation.


The restructuring of the electricity markets, power exchange, electricity trade, balance management.

Teaching Methods 

9 h of lecture videos, 21 h weekly assignments in Moodle 1st period. 97 h independent studies. Moodle exam at the end of course 3 h./Edited 12.08.19/ml
Total workload 130 h

Examination in Examination schedule (Yes/No) 

No/edited 12.8.19/ml

Examination in Moodle (Yes/No) 

Yes/edited 12.8.19/ml

Examination in Exam (Yes/No) 


Assessment scale and assessment methods 

0-5; weekly assignments 50 %, Moodle exam 50 %. /Edited 12.08.19/ml

Course Materials 

Material distributed in Moodle.

Places for exchange-students? (Yes, number/No) 

max 15

Places for Open University Students?(Yes, number/No) 

max 15


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