Energy Markets and Analytics (2025)

Welcome to Energy Markets and Analytics (2025)

Description: Energy markets are at the heart of one of the biggest societal challenges of our time - creating a sustainable, reliable and affordable energy provision. Renewable Energies are also new guests and participants in such markets. The PhD/industrial course on “Energy Markets and Analytics” aims at providing an in depth introduction to energy markets and how the renewable energies can be integrated in them safely. The participants will learn how to implement the concepts using appropriate software packages on planning, decision making and optimization. The course will mainly cover the following subjects:

Key words: Energy Markets, Renewable Energy Integration, Market Clearing Mechanisms, Demand Side Management, Energy Storage, Optimization.

Prerequisites: Basics of optimization theory 

Learning objectives: 

• Gain a comprehensive understanding of energy markets, including pricing, market clearing mechanisms, and types of markets.
• Explore the challenges and opportunities of integrating renewable energy resources (RER) into energy markets.
• Examine global policies for integrating RERs and understand their impact on market operations.
• Learn strategies for demand-side management and the role of energy storage in supporting RER integration.
• Develop skills in using analytical tools and software for planning, decision-making, and optimization in energy markets.

Teaching methods: Lectures, Group work, Presentations, Small assignments, Excercise

Form of evaluation: The participants will be evaluated by exercises on a daily basis (both individually and in groups) and a mini-project on market practices at the end of the course.

Criteria for assessment: The participants will be evaluated by exercises on a daily basis (both individually and in groups) and a mini-project at the end of the course. 

Remarks: In total about 42 hours (12 hours teaching, 6 hours practicing, 4 hours for preparations, 20 hours for doing the assignment and finalizing a student report)

Organizer: Associate Professor Amjad Anvari-Moghaddam, aam@energy.aau.dk

Lecturers: 

• Associate Professor Amjad Anvari-Moghaddam, AAU Energy 
• Professor Behnam Mohammadi-Ivatloo – Lappeenranta-Lahti University of Technology

ECTS: 1.5

Time: 6 - 7 March 2025

Place: Aalborg University, Online course

Maximal number of participants: 30

Deadline: 13 February 2025

Course fee: PhD Students (outside Denmark): 6000 DKK and other participants (from Industry and Universities): 8000 DKK (excluding VAT)
Guests at AAU Energy can also attend the course for free.

Important information concerning PhD courses: There is a no-show fee of DKK 3,000 for each course where the student does not show up. Cancellations are accepted no later than 2 weeks before the start of the course. Registered illness is of course an acceptable reason for not showing up on those days. Furthermore, all courses open for registration approximately four months before start of the course.

We cannot ensure any seats before the deadline for enrolment, all participants will be informed after the deadline, approximately 3 weeks before the start of the course.

For inquiries regarding registration, cancellation or waiting list, please contact the PhD administration at phdcourses@adm.aau.dk When contacting us please state the course title and course period. Thank you.