Electricity Market Design and Analysis for a Sustainable Transition

About this programme

Why do we have markets for electricity? How do they function? This introductory course explains how incentives shape outcomes in the electricity market. It brings out the implications for businesses and society of electricity pricing in the shadow of the energy transition. The course aims to provide a comprehensive overview of the electricity market’s role in ensuring an efficient electricity supply and addressing key public questions, such as The course emphasizes the role of economic incentives in shaping market behavior and addresses critical issues such as market power and its consequences. You will also explore the inefficiencies stemming from unpriced aspects of energy supply and the role of regulation in mitigating these inefficiencies. As the global push toward decarbonization accelerates, the course delves into the challenges posed by large-scale electrification, the implications of climate legislation for energy systems, and the impact of protectionist national policies. The course offers a comprehensive introduction to the electricity market, provides you with analytical tools for independent analysis and brings you to the forefront of current energy policy debate. At least 75 credits in technology or natural sciences, or 60 credits in economics, or 40 credits in technology and at least 2 years of full-time professional experience from a relevant area within industry. In addition, Swedish course 3 or Swedish level 3 and English course 6 or English level 2 are required. For courses given entirely in English exemption is made from the requirement in Swedish co