TET4185 - Power Markets, Resources and Environment


Examination arrangement

Examination arrangement: Portfolio assessment
Grade: Letters

Evaluation Weighting Duration Grade deviation Examination aids
Written examination 80/100 4 hours D
Work 20/100

Course content

This course covers topics essential for understanding fundamentals and concepts surrounding the power markets. Emphasise is put on the Norwegian/Nordic solution. The course comprises background information about generation planning and trade in an open market. We will discuss a number of topics including microeconomic basics for power markets, system operation, tariffs, congestion management, optimal power flow and nodal pricing, market coupling, capacity markets, ancillary services and balancing power market, grid regulation and consideration for recourses and the environment.

Learning outcome


After completing the course, the student will be able to recognise, analyse, and assess:

- how deregulated power markets work

- the significance of the different power market mechanisms

- how generation planning is done

- how grid companies and the system operators attend to their responsibilities



After completing this course, the student will be able to:

- describe methods to handle transmission congestion in power markets

- perform optimal power flow calculations (find nodal prices)

- do power market analysis by means of available models

- formulate market simulation problems with mathematical expressions


General competence:

After completing the course, the candidate has increased:

- skills in cooperation and interdisciplinary collaboration

- ability to communicate effectively to professionals and non-specialists alike through reports and presentations

- ability to contribute to innovation and innovation processes

Learning methods and activities

Lectures, exercises, and project assignment. The course is given in English.

Compulsory assignments

  • Exercises

Further on evaluation

The final evaluation will be based on a written examination (counting 80%) and the project assignment(counting 20%) based on % fulfilment. Final grading will be from A to F. If there is a re-sit examination, the examination form may change from written to oral. In the case that the student receives an F/Fail as a final grade after both ordinary and re-sit exam, then the student must retake the course in its entirety. Submitted work that counts towards the final grade will also have to be retaken.

Permitted examination aids, support material code D: No printed or hand-written support material is allowed. A specific basic calculator is allowed. In addition, calculator Casio fx-991EX is allowed.

Specific conditions

Compulsory activities from previous semester may be approved by the department.

Course materials

Textbook and additional material provided during the course. More information is provided at the start of the course.

Credit reductions

Course code Reduction From To
SIE1065 7.5
More on the course

Version: 1
Credits:  7.5 SP
Study level: Second degree level


Term no.: 1
Teaching semester:  SPRING 2022

Language of instruction: English

Location: Trondheim

Subject area(s)
  • Electrical Power Engineering
  • Technological subjects
  • Economics
Contact information
Course coordinator: Lecturer(s):

Department with academic responsibility
Department of Electric Power Engineering


Examination arrangement: Portfolio assessment

Term Status code Evaluation Weighting Examination aids Date Time Digital exam Room *
Spring ORD Work 20/100
Room Building Number of candidates
Spring ORD Written examination 80/100 D
Room Building Number of candidates
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

More on examinations at NTNU