TET4185 - Power Markets, Resources and Environment


Examination arrangement

Examination arrangement: Project assignment
Grade: Letter grades

Evaluation Weighting Duration Grade deviation Examination aids
Project assignment 100/100

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

Knowledge: After completing the course, the student will be able to recognise, analyse, and assess: - How deregulated power markets work (understand the significance of the different power market mechanisms) - How generation planning is done - How grid companies and the system operators attend to their responsibilities Skills: 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

  • Assignment 1
  • Assignment 2
  • Assignment 3
  • Assignment 4
  • Assignment 5
  • Assignment 6

Further on evaluation

The final evaluation will be based on the project assignment (counting 100%) based on % fulfilment. Final grading will be from A to F. If failed in the project assignment, the student should resubmit an improved project in a re-sit submission. In the case that the student receives a F/Fail as a final grade after both ordinary assessment and re-sit, then the student must retake the course in its entirety. Submitted work that counts towards the final grade will also have to be retaken.

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 2024

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 energy


Examination arrangement: Project assignment

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Spring ORD Project assignment 100/100 INSPERA
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"

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