Course code FORN230

FORN230 Energy Policy and Markets

Norsk emneinformasjon

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Showing course contents for the educational year 2021 - 2022 .

Course responsible: Torjus Folsland Bolkesjø
Teachers: Jon Gustav Kirkerud, Per Kristian Kåreson Lobenz Rørstad
ECTS credits: 5
Faculty: Faculty of Environmental Sciences and Natural Resource Management
Teaching language: NO
(NO=norsk, EN=Engelsk)
Teaching exam periods:
Spring parallel.
Course frequency: Annually
First time: Study year 2011-2012
Last time: 2022V
Preferential right:
Course contents:
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:


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 ho they affect electricity markets
  • Analyze how various market drivers in the electricity market affect power prices in the short and long run.


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:
The reading list will be handed out at the first lecture.
Recommended prerequisites:
ECN101 or similar
Mandatory activity:
Four exercises must be submitted and evaluated as passed prior to exam.
Final written exam - 3 hours (counts 100%)
Nominal workload:
125 hours
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)
Reduction of credits:
Type of course:
Total app. 35 hours lectures, seminars, exercises and guest lectures.
Examiner evaluates all exam assignments.
Allowed examination aids: B1 Calculator handed out, no other aids
Examination details: One written exam: Letter grades