Course - Power Markets, Resources and Environment - TET4185
TET4185 - Power Markets, Resources and Environment
About
Examination arrangement
Examination arrangement: Portfolio assessment
Grade: Passed/Failed
| Evaluation | Weighting | Duration | Grade deviation | Examination aids |
|---|---|---|---|---|
| Arbeider | 15/100 | |||
| Home exam | 85/100 | 4 hours |
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
- 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
- Exercises
Further on evaluation
The final evaluation will be based on a written examination (counting 85%) and the project assignment(counting 15%) 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.
Recommended previous knowledge
TET4155 Infrastructure for Energy Transmission and Distribution
TET4135 Energy system planning and operation
or similar.
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 |
Version: 1
Credits:
7.5 SP
Study level: Second degree level
Term no.: 1
Teaching semester: SPRING 2020
Language of instruction: English
Location: Trondheim
- Electrical Power Engineering
- Technological subjects
- Economics
Department with academic responsibility
Department of electric energy
Examination
Examination arrangement: Portfolio assessment
- Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
- Spring ORD Arbeider 15/100
-
Room Building Number of candidates -
Spring
ORD
Home exam
85/100
Release
2020-05-29Submission
2020-05-29
09:00
INSPERA
13:00 -
Room Building Number of candidates - Summer UTS Arbeider 15/100
-
Room Building Number of candidates - Summer UTS Home exam 85/100 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"