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FORNY230 Energy Markets and Policy

Credits (ECTS):5

Course responsible:Eirik Jåstad Ogner

Campus / Online:Taught campus Ås

Teaching language:Norsk

Course frequency:Annually

Nominal workload:125 hours

Teaching and exam period:The course starts in the spring parallel. The course has teaching/evaluation in the spring parallel.

About this course

The course adresses how energy resources, technology and policy affect energy markets and energy prices in the short and long term. The course includes topics such as supply and demand in the energy market, price formation in the power market, electricity prices in the short and long term, price effects of import and export of electricity, and how energy policy instruments affect the energy markets.

Learning outcome

Knowledge:

Students are expected to be able to:

  • Explain how power supply and demand forms prices in the electricity market in the short and long run
  • Explain how major energy policy means are designed and how they affect electricity markets
  • Analyze how various market drivers in the electricity market affect power prices in the short and long run

Skills:

Students should be able to:

  • Apply theory and knowledge about markets to explain how energy policy means affect energy markets and prices
  • Interpret and critically assess external energy market analyses

General competencies:

Students shall after the course be familiar with the functioning of markets and interactions between markets and economic incentives.

  • Learning activities
    Lectures, assignments and independent study.
  • Teaching support
    Canvas
  • Prerequisites
    FORNY200
  • Recommended prerequisites
    ECN101, or equivalent.
  • Assessment method
    Written exam (3 hours).

    One written exam Grading: Letter grades Permitted aids: B1 Calculator handed out, no other aids
  • Examiner scheme
    External examiner evaluates all exam assignments.
  • Mandatory activity
    Exercises must be submitted and evaluated as passed prior to exam.
  • Teaching hours
    Total app. 40 hours lectures, seminars, exercises and guest lectures.
  • Reduction of credits
    5 credits overlap with FORN230 (previous version).
  • Admission requirements
    Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)