Fundamentals of Electricity Markets-E002(B)

Course Overview

The wholesale market begins with generators, which, after securing the necessary approval, connect to the grid and generate electricity. The electricity produced by generators is bought by an entity that will often, in turn, resell that power to meet end-user demand.

These resale entities will generally buy electricity through markets or contracts between individual buyers or sellers. In some cases, utilities may own generation and sell directly to end-user customers.

Learn about traditional and evolved wholesale electricity markets. Utilities in traditional markets are frequently vertically integrated – they own the Generation, transmission and distribution systems used to serve electricity consumers.

Wholesale physical power trade typically occurs through bilateral transactions, and while the industry had historically traded electricity through bilateral transactions and power pool agreements

Course Outcomes

Understand the basics of:
a) to understand the fundamental micro economic principles underpinning electricity markets;
b) to discuss different wholesale electricity market models adopted by various countries;
c) to discuss the role of scarcity pricing and capacity mechanisms and efficient design rules for balancing and reserves;
d) to review the challenges associated with the evolution of the part of TSOs and DSOs;
e) to discuss the potential for market power and present measures to mitigate market power;
f) to explain the long-term investment incentives, the impact of regulatory interventions on these incentives,
and the critical elements of a sustainable market framework to support investment for the energy
g) Discuss the tension between the theory underpinning energy markets and the concrete implementation issues in


a) Basics of Power Systems
b) Security Constraints Economic Dispatch
c) Ancillary Services and Capacity Markets
d) Scheduling, balancing and Congestion
e) Market Monitoring and Congestion
f) RTO-ISO and State Regulators
g) Evolution of EU Electricity Market
h) Risk Management
i) EU Clean Energy Package
j) Optimal Expansion Planning
k) Trans boundary Regulatory Capture

Course Starts

April 7, 2025

Course Ends

April 11, 2025

Course Duration

5 Days, Kigali-Rwanda


1000 USD

Registration Deadline

March 3, 2025

Target Participants

Staff of Energy Ministries, Respective NRI's and Power Utilities

AcademyLearning Approach & Outcome

Live Classes

This Course offers different interaction  and training levels depending on previous Knowledge, experience and time spent on the course.

Knowledge Hub

We offer a centralized aggregated data hub in the fields of Energy particularly in fields of electricity, gas and Petroleum, which are accessible to all participants.

Current & Customised Courses

This course is customised to the needs of the African Energy landscape and offers practical field applications for leaders and workers in the Energy sector.


We offer Certificates of achievement and keep records after our courses are completed which are fully verifiable online.