The course deals with power system economics in general, but the main focus is on deregulated power supply systems. It gives a description of power markets with emphasis on the Norwegian/Nordic solution.
The following topics are covered:
Introduction to basic microeconomic concepts
Electricity consumption
Electricity pricing (within the traditional structure)
Restructuring or deregulation of the power supply system
Power generation in the traditional and deregulated setting
Market simulation
Transmission access including pricing and congestion management
Electricity distribution and regulation of distribution companies.
Externalities and how environmental aspects are handled
Global energy recourses
The Kyoto mechanisms
Lectures, written assignments, one project and one excursion to the local power company.
The course is given in English.
Recommended previous knowledge: TET 4115 Power System Analysis or equivalent.
Syllabus covered mainly by: Ivar Wangensteen: “Power System Economics - the Nordic Electricity Market”, Tapir Academic Press: Edition: 1. edition Published: 2007-01 Pages: 356 ISBN: 9788251922005 EAN: 9788251922005
Some PowerPoint presentations and material from IEA will be made available on It’s learning.
NTNU, 7491 Trondheim, tlf. 73 59 50 00.
Kontakt oss
Ansvarlig redaktør: Informasjonssjef Christian Fossen
