TEK5350 – Energy Markets and Regulation

Schedule, syllabus and examination date

Choose semester

Changes in the course due to coronavirus

Spring 2021 the exams of most courses at the MN Faculty will be conducted as digital home exams or oral exams, using the normal grading scale. The semester page for your course will be updated with any changes in the form of examination.

See more information about examination at the MN Faculty spring 2021.

Course content

The energy system is undergoing a fundamental change from being centralized and carbon intensive to decentralized and low carbon so as to achieve the goals according to the Paris Agreement of limiting global mean surface temperature rise to well below 2 °C. The course provides students with the basics of energy markets, both physical and financial, starting with the classical markets like day-ahead electricity market and then continuing to the markets specific for renewable energy resources. It will give the students an understanding of the economics of different renewable energy sources with a focus on hydro, wind and solar, different options to integrate renewable energy into the energy market, types of policy instruments, regulation and institutional frameworks on a national and international level. level. further, the course will put energy markets in the context of the economics of climate change and global governance. In order to understand reports and scientific papers, it is necessary to understand different methods and models to analyze questions on the energy market which the course will introduce.

Learning outcome

After completing this course, you:

  • understand the functioning of energy markets and power exchange.
  • understand different energy market and policy designs and analysis in which environment these would be appropriate.
  • understand the role of different actors in the energy market.
  • can analyze the effects of renewables on the energy market.
  • understand the appropriate use of different methods and models to analyze questions in the energy market.
  • can read and analyze state-of-the-art academic literature in the field of energy markets.
  • are able to critically analyze the behavior of different actors; eg governments, industries, in the energy market.

Admission to the course

Students admitted at UiO must apply for courses in Studentweb. Students enrolled in other Master's Degree Programmes can, on application, be admitted to the course if this is cleared by their own study programme.

Nordic citizens and applicants residing in the Nordic countries may apply to take this course as a single course student.

If you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures for international applicants.

The course is limited to 20 students. Students admitted to the programme Renewable Energy Systems (master's two years) have priority. For the remaining places, students will be given admission on a first-come-first-served basis.

The course builds on previous knowledge similar to those obtained in the Bachelor's Degree Program in Mathematics, Natural Sciences, Engineering.


The course extends over a full semester with 3 hours of teaching per week. These include guest speakers, class discussions, exercises, and four mandatory assignments.

Five out of six mandatory assignments must be approved before you can sit the final exam.


  • Final oral exam which counts 100% towards the final grade.

Five out of six mandatory assignments must be approved before you can sit the final exam.

Examination support material

No examination support material is allowed.

Language of examination

The examination text is given in English, and you submit your response in English.

Grading scale

Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.

Resit an examination

Students who can document a valid reason for absence from the regular examination are offered a postponed examination at the beginning of the next semester.

Re-scheduled examinations are not offered to students who withdraw during, or did not pass the original examination.

Special examination arrangements, use of sources, explanations and appeals

See more about examinations at UiO

Last updated from FS (Common Student System) Feb. 27, 2021 5:17:32 PM

Facts about this course

Teaching language