Energy markets (5 cr)
Code: AV00EO26-3001
General information
Enrollment
08.11.2021 - 31.12.2021
Timing
09.02.2022 - 30.05.2022
Number of ECTS credits allocated
5 op
Virtual portion
5 op
Mode of delivery
Distance learning
Unit
Open UAS and Continuing Education
Campus
Ecampus
Teaching languages
- English
Seats
0 - 5
Degree programmes
- Degree Programme in Energy Engineering
- Open University of Applied Sciences
Teachers
- Merja Mäkelä
Teacher in charge
Merja Mäkelä
Objective
After this course students are able to:
• carry out profitability calculations related to energy production, energy use, energy tariffs and the appraisal of investment.
• explain the Finnish energy policy (content, goals and implementation).
• know the past and future trends (scenarios) of energy consumption.
• calculate the price of the energy produced.
Content
Which are the key points of Finnish energy policy?
How to analyse energy consumption (past and future scenarios)?
How is energy policy implemented? What are energy resources and their adequacy?
How to utilize profitability calculations (investments, energy saving)?
What are the energy production costs of power plants and tariffs?
How to learn load duration curves? How to optimize energy production?
Materials
1. Learn materials https://learn.xamk.fi
2. Klimstra, J., Hotakainen, M., Smart power generation, Avain Publishers, Helsinki Finland, 2011, 194 p.
3. https://www.ilmastonyt.fi/opiskelemaan.html, University of Helsinki
4. https://www.motiva.fi/en/solutions, Motiva
Teaching methods
After this course students are able to:
• carry out profitability calculations related to energy production, energy use, energy tariffs and the appraisal of investment.
• explain the Finnish energy policy (content, goals and implementation).
• know the past and future trends (scenarios) of energy consumption.
• calculate the price of the energy produced.
Which are the key points of Finnish energy policy?
How to analyse energy consumption (past and future scenarios)?
How is energy policy implemented?
What are energy resources and their adequacy?
How to utilize profitability calculations (investments, energy saving)?
What are the energy production costs of power plants and tariffs?
How to learn load duration curves?
How to optimize energy production?
Scheduled track:
Scheduled lectures, a supervised video project and exam
Independent track:
Recorded lectures, a video project and exam
Blended track:
Recorded lectures, a video project and exam
Employer connections
RDI work is not included in the course.
Exam schedules
Exam in Open Learn 27.4.2022, 16-17.30.
Student workload
44 h online lectures
40 h processing of video presentations
51 h self-study
Evaluation scale
1-5
Assessment methods and criteria
Activities in lecture and exercise sessions will help you to learn the basics of energy markets. The course grade consists of a personal Learn exam (70 %) and a video presentation of 1-2 persons (30 %).