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BL20A0400 Electricity Market, 5 cr / 2.78 cu 
Code BL20A0400  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 

Salla Annala 
Jarmo Partanen 

Description by Study Guide
Note  Location: Lappeenranta 
Year  M.Sc. (Tech) 1) 
Teaching Language  Finnish 
Teacher(s) in Charge 

Professor, D.Sc. (Tech.) Jarmo Partanen


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 and model electricity consumption, 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, 7. conduct the balance settlement, 8. price the products of electricity trade and distribution, 9. describe why and how electricity distribution business is regulated.


The development of electricity markets, loads on the electricity network and load forecasts, power exchange, electricity trade, balance management, the fundamentals of pricing, electricity distribution business and related regulation methodology.

Teaching Methods 

28 h of lectures, 14 h of tutorials, 1st period. Independent studies. Written examination. The lectures focus on the core learning objectives in the topic. Successful completion of the course requires student’s active independent work. The course is also suitable for distance learning.
Total workload 130 h.

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

0-5, Moodle examination 100 %.

Course Materials 

Lecture book, ppt-presentations and lecture video. All available in Moodle.

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

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