Fundamentals of Electricity Markets(3 Month Certificate Program)

Why This Course?

The electricity markets in Africa are fast changing their design to ensure adequacy, efficiency and affordability. It is therefore vital that students understand the structure of the industry, regulatory institutions and the available frameworks. Various short course is specific to a particular area of specialization. This unique course has been developed to cover the whole spectrum of the electricity supply industry taking into consideration the emerging technical issues such as energy transition. It explores the principles underlying economic regulation, tariff setting and technical topics in power systems, optimization, and economics as presented a mathematically rigorous fashion.

The modules cover electricity production, electricity transmission & infrastructure, electricity delivery & consumption, trading of power, power derivatives, power trading platforms and operations of the both bilateral and power pooling. The facilitators will explain in detail all aspects wholesale electricity markets with associated operational and commercial elements.

The entire certificate programme includes various modules, study materials, an exam and certification.


To understand the essential elements of the Eastern African electricity supply system and the future wholesale electricity market. The course includes several rounds of our spot market trading exercise, which simulates how traders submit offers to generate into the market each half-hour.  The practical sessions enhance your understanding of the course material and give insights into the fundamental spot market dynamics.

The aim of the course is:

  1. to understand the fundamental microeconomic principles underpinning electricity markets;
  2. to discuss different wholesale electricity market models adopted by various countries;
  3. to discuss the role of scarcity pricing and capacity mechanisms and efficient design rules for balancing and reserves;
  4. to review the challenges associated with the evolution of the part of TSOs and DSOs;
  5. to discuss the potential for market power and present measures to mitigate market power;
  6. 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 transition;
  7. Discuss the tension between the theory underpinning energy markets and the practical implementation issues that regulators face (i.e., the “political economy” of power sector liberalization).

Course Modules

Summary modules
Minimum Major Hours Required 150 CH
Basics of electricity supply

ELC101 Basics of electricity
ELC102 Introduction to power Systems
ELC103 Introduction to ancillary services

Required Courses: Electricity Market design/Architecture

EMD101 Spot Markets & Power Exchange
EMD102  Optimal Dispatch Analysis
EMD103  System security and ancillary markets
EMD104  Power flow Analysis
EMD105  Transmission Network Planning
EMD106   Forward Markets and Hedging
EMD107   Integrating Wind and Solar Power
EMD108   Bilateral Electricity trade

Required Subject Area:   Economics

ECON201 Introduction to Regulation of electric utilities
ECON202 Microeconomics
ECON203 Auction theory
ECON 204 Electric Power Market
ECON205 Econometric modelling
ECON206 Electricity pricing

Required Subject Areas:  Electricity market modelling

COM301 Advanced Excel
COM302 Calculus 1
COM303 Optimization modelling in GAMS

: Practical
15 CH
60 CH
30 CH
15 CH
Simulation in Excel 10 SH
Simulation in GAMS                                           20 SH
30 CH


Course Starts

January 15, 2024

Course Ends

March 15, 2024

Course Duration

3 months


2000 USD : Hybrid 3 month program

Registration Deadline

December 19, 2023

Target Participants

Policy Makers, Auditors, Regulators, Project Managers, Energy Professionals, Recent Graduates, Economists, Engineers, utility experts and IPPs

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.