Electricity Market and Smart Grids (15ECTS)

Objective

- The student is familiar with the operating principles of the Nordic electricity market.
- The student understands the operation logic of the physical electricity market and the financial market.
- The student has a basic knowledge of the EU electricity market integration development.
- The student has a basic knowledge of smart grids concept and the current applications.
- The student knows the applications and choices of the decentralized power generation and knows in outline their effects on the electrical system.
- The student knows the requirements for power distribution arising from electric vehicles.

Content

- The Nordic electricity market policies
- The physical market
- The financial market and hedge
- The European electricity market integration
- Smart Grids
- Distributed power generation
- Electric vehicle infrastructure

Assessment criteria, satisfactory (1)

The student has achieved the course objectives fairly. The student will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development. The student has completed the required learning exercises in minimum requirement level. His/her competences have developed in a way that he/she may complete the remaining studies in electrical engineering and automation technology and finally work in a suitable job position related to this field.

Assessment criteria, good (3)

The student has achieved the course objectives well, even though the knowledge and skills need improvement on some areas. The student has completed the required learning exercises in good or satisfactory level. The student is able to define the course concepts and models and is able to justify the analysis. The student is able to apply their knowledge in study and work situations. The student understands the importance of expertise in the field of electrical engineering and automation technology and is able to analyze his/her own expertise.

Assessment criteria, excellent (5)

The student has achieved the course objectives well, even though the knowledge and skills need improvement on some areas. The student has completed the required learning exercises in good or satisfactory level. The student is able to define the course concepts and models and is able to justify the analysis. The student is able to apply their knowledge in study and work situations. The student understands the importance of expertise in the field of electrical engineering and automation technology and is able to analyze his/her own expertise.

Assessment criteria, approved/failed

The student has achieved the course objectives fairly. The student will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development. The student has completed the required learning exercises in minimum requirement level. His/her competences have developed in a way that he/she may complete the remaining studies in electrical engineering and automation technology and finally work in a suitable job position related to this field.