Learning Platform - "Markets & Trading"
Course: Power markets – Market coupling
About the online training programme
Electricity markets in Europe were once largely isolated, each functioning within national borders with limited coordination. This fragmentation often led to inefficient outcomes – price disparities, suboptimal use of generation resources, and underutilised interconnections. Market coupling was introduced as a remedy, aiming to integrate national electricity markets in a way that better reflects the physical and economic realities of a connected grid.
Course Contents
This course covers the following video lessons:
- Overview of electricity markets
- Market design principles\
- What is market coupling?
- Cross-border trade & congestion management
- The evolution of European electricity market integration
- Flow-based market coupling in Central Western Europe
- Nordic & Baltic regional market integration
- Role of EPEX SPOT in European electricity markets
- Price coupling of regions
- Price convergence & welfare gains
- Market anomalies & limitations
- Towards a pan-European market
- Innovations & digitalisation in market coupling
- Policy & regulatory landscape
- The role & functioning of EUPHEMIA
- CACM & market coupling in the European electricity market
- Simulating market coupling
- Case study: The 2021 decoupling incident
- Case study: Market reaction during the 2022 Energy Crisis
- Case study: Effects of new interconnections – The North Sea Link
This course also includes examination and certification.








