Energy markets (5 cr)

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?

Course material

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

Study forms and 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

RDI and work-related cooperation

RDI work is not included in the course.

Timing of exams and assignments

Exam in Open Learn

Student workload

The course covers 5 ECTS credits, totalling 135 hours of student work. The number of hours is theoretical and varies according to student effort.
44 h online lectures
40 h processing of video presentations
51 h self-study

Further information

This course is available for students:
-Open Studies 50 places
-CampusOnline 30 places
-Degree Students 10 places

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 %).