Master'sEnergy and Networks Applications open

Master’s in Electricity Markets and Regulation

Online master's programme of 1,900 hours in electricity markets and regulation — market design, ancillary services, PPAs and auctions. 12 modules covering the liberalised electricity sector, electricity economics, day-ahead and intraday markets, balancing markets and services, forward markets and contracts, network regulation, renewables regulation, retail and consumers, European market design, market modelling, and supervision and competition, with Spanish Law 24/2013, Regulation (EU) 2019/943 and Directive (EU) 2019/944 and an assigned technical tutor.

Duration12–14 months

ModeOnline

LanguageEnglish

Start datesSet by the faculty

AwardSEIUM Institute diploma

Enrol now View syllabus Ask an advisor

Master’s in Electricity Markets and Regulation — studying from Australia

Australia's energy sector is undergoing major transition, with significant growth in renewable generation, grid-scale storage and transmission upgrades. The National Electricity Market and the Wholesale Electricity Market in Western Australia are key frameworks shaping investment and operations. Engineers work on network planning, power system analysis, asset management and integration of distributed energy resources. Employers include network operators, generators, retailers, the Australian Energy Market Operator and engineering consultancies.

Fees for Australia: A$11,000 (AUD), with instalments and employer sponsorship available.

Relevant bodies in Australia

Australian Energy Regulator (AER)
Australian Energy Market Operator (AEMO)
Clean Energy Regulator
Energy Networks Australia

Typical roles

Power Systems Engineer
Network Planning Engineer
Grid Integration Engineer
Energy Asset Engineer

Questions from Australia

Which Australian bodies and regulators cover energy and networks engineering?

Engineers Australia is the main professional body, and the Australian Energy Regulator and the Australian Energy Market Operator oversee the national electricity market. State network regulators also apply. SEIUM's private qualifications are not accredited by these bodies, so recognition is decided by employers or the regulator.

What energy and network careers in Australia could this training support?

Australia has electricity network operators, renewable energy developers, grid planners and utilities that employ engineers in these fields. Employers usually prioritise accredited qualifications, licensing and project experience. A SEIUM qualification may add to your profile, but its value depends on each employer.

Is the course workable with a job, and does employer funding exist?

Yes, the programmes are online and taught in English, so you can study from Australia without a student visa. Specialist courses are 300 hours, diplomas 800 and master's 1,900, with an assigned technical tutor and final project. Fees are payable in instalments, and employer sponsorship may be possible, though it is arranged case by case.

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Learning outcomes

What you will be able to do

Understand how the liberalised electricity sector works.

Analyse price formation in wholesale markets.

Explain day-ahead, intraday and balancing markets.

Value forward contracts and PPAs.

Apply network and renewables regulation.

Model electricity markets.

Assess European market design.

Profile

Who it's for

Electricity market analysts.
Energy traders.
Energy regulation specialists.
Energy portfolio managers.
Energy strategy consultants.
Energy risk analysts.
Engineering or science graduates seeking to enter power generation.

Standards & tools

What you'll work with

Spanish Law 24/2013 (Electricity Sector Act)
Regulation (EU) 2019/943 (internal market for electricity)
Directive (EU) 2019/944 (common rules for the internal electricity market)
Regulation (EU) 1227/2011 — REMIT (wholesale energy market integrity and transparency)
Regulation (EU) 2024/1747 (improving the EU electricity market design)
Regulation (EU) 2017/2195 (guideline on electricity balancing)
Spanish Royal Decree 244/2019 (self-consumption of electricity)
CNMC Circular 3/2020 (methodology for electricity transmission and distribution tolls)
PyPSA
PLEXOS
Python with pandas
ESIOS (Red Eléctrica)
GAMS

Syllabus

12 modules

1.1Regulated and liberalised activities
1.2Market participants
1.3System operator and market operator
1.4Regulatory and supervisory bodies
1.5The EU internal market
1.6The Spanish Electricity Sector Act
1.7Evolution of liberalisation
1.8Tariff structure
1.9Challenges of the transition
1.10Case study: value chain of the Spanish sector

2.1Generation costs
2.2The merit-order curve
2.3Marginal price formation
2.4Fixed and variable costs
2.5Levelised cost of energy (LCOE)
2.6Investment in generation
2.7The missing money problem
2.8Demand elasticity
2.9Externalities and the carbon price
2.10Lab: merit-order curve with real data

3.1SDAC day-ahead market
3.2EUPHEMIA matching algorithm
3.3Simple and complex bids
3.4Market coupling
3.5Continuous intraday market
3.6European intraday auctions
3.715-minute granularity
3.8Zero and negative prices
3.9Analysis of results
3.10Practical exercise: simplified bid matching

4.1Resolution of technical constraints
4.2Secondary regulation (aFRR)
4.3Tertiary regulation (mFRR)
4.4European PICASSO and MARI platforms
4.5Imbalance management
4.6Voltage control services
4.7Flexibility services
4.8Capacity markets
4.9System operator settlements
4.10Lab: imbalance costs of a power plant

5.1Futures markets
5.2OTC bilateral markets
5.3Long-term PPAs
5.4Transmission rights
5.5Risk hedging
5.6Contract valuation
5.7Counterparty risk
5.8Guarantees of origin
5.9Contracts for difference
5.10Practical exercise: valuation of a solar PPA

6.1Transmission regulation
6.2Distribution regulation
6.3Remuneration methodologies
6.4Network tariffs and charges
6.5Access and connection
6.6Grid planning
6.7Quality incentives
6.8Remuneration of investments
6.9Unbundling of activities
6.10Case study: calculating network access tariffs

7.1Specific remuneration scheme
7.2REER renewable auctions
7.3Self-consumption regulation
7.4Energy communities and their regulation
7.5Hybridisation of installations
7.6Repowering of existing plants
7.7Storage regulation
7.8Guarantees of origin
7.9Curtailment management
7.10Workshop: analysis of a renewables auction

8.1Retail supply in the free market
8.2PVPC regulated tariff
8.3Electricity social bonus
8.4Consumer protection
8.5Indexed dynamic tariffs
8.6The independent aggregator
8.7Demand response
8.8Switching supplier
8.9Offer design
8.10Practical exercise: designing a time-of-use tariff

9.1The Clean Energy Package
9.2The 2024 electricity market design reform
9.3Network codes
9.4ACER and ENTSO-E
9.5Interconnection capacity
9.6Market integration
9.7Security of supply
9.8The 2022 energy crisis
9.9Intervention measures
9.10Case study: impact of the Iberian exception

10.1Dispatch models
10.2Equilibrium models
10.3Game theory
10.4Market power
10.5Agent-based simulation
10.6Price forecasting
10.7Long-term models
10.8Transition scenarios
10.9Modelling tools
10.10Lab: dispatch model with PyPSA

11.1Market surveillance
11.2REMIT integrity regulation
11.3Market abuse
11.4Competition in the sector
11.5Merger control
11.6Transparency obligations
11.7Sanctioning regime of the sector
11.8Investigation cases
11.9Regulatory compliance programmes
11.10Practical exercise: analysis of a REMIT case

12.1Definition of the research question
12.2Review of the regulatory framework
12.3Data collection
12.4Market modelling
12.5Scenario analysis
12.6Impact assessment
12.7Regulatory policy recommendations
12.8Conclusions and future work
12.9Master's Thesis report
12.10Master's Thesis: defence before a panel

Methodology, software & labs

How you'll learn

Training is 100% online on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. There are no fixed timetables: you progress at your own pace within each intake, so you can combine the programme with your job.

Each module combines theory, guided reading of the original regulations and applied exercises. The working software is PyPSA, PLEXOS, Python with pandas, ESIOS (Red Eléctrica) and GAMS, in free, academic or evaluation versions. Practical work is based on real procedures for market data analysis, dispatch simulation and energy contract valuation. Assessment is continuous for each module, plus the final Master's Thesis.

Standards covered: Spanish Law 24/2013 on the Electricity Sector, Regulation (EU) 2019/943 on the internal market for electricity, Directive (EU) 2019/944, Regulation (EU) 1227/2011 (REMIT), Regulation (EU) 2024/1747 on market design, Regulation (EU) 2017/2195 on electricity balancing, Spanish Royal Decree 244/2019 on self-consumption and CNMC Circular 3/2020.

Assigned technical tutor:every module ends with a deliverable that your tutor marks individually.

Standards-based learning:guided reading of Law 24/2013, Regulation (EU) 2019/943, Directive (EU) 2019/944 and REMIT applied to real cases, not as a theoretical annex.

Industry software:PyPSA, PLEXOS, Python with pandas, ESIOS (Red Eléctrica) and GAMS, in free, academic or evaluation versions.

Master's Thesis with defence:An applied research project on a real electricity market question, from the regulatory review and data collection to market modelling, scenario analysis and regulatory policy recommendations, defended before a panel.

Flexible format:100% online, no fixed timetables, compatible with full-time work.

Capstone project

Build it end to end

Your final project follows the real engineering workflow, step by step, reviewed by your tutor.

Research question and framework

Define the market question and review the applicable regulatory framework.

Data collection

Gather market data from ESIOS and European platforms.

Market modelling

Build a dispatch or equilibrium model with PyPSA, PLEXOS or GAMS.

Scenario and impact analysis

Simulate scenarios and assess their price and system impacts.

Master's Thesis

Present the findings and regulatory recommendations, defended before a panel.

Career opportunities

Where this takes you

Electricity market analystEnergy traderEnergy regulation specialistEnergy portfolio managerEnergy strategy consultantEnergy risk analyst

Admissions & scholarships

Requirements

University degree in engineering, science or architecture, or equivalent demonstrable professional experience.
Internet connection and a computer capable of running the programme software.
English sufficient to read technical standards.

Ready to start?

Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.

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FAQ

Frequently asked questions

The programme totals 1,900 hours over 12–14 months. You set your own pace within each intake, and your tutor helps you plan the workload around your job.

You work with PyPSA, PLEXOS, Python with pandas, ESIOS (Red Eléctrica) and GAMS, using free, academic or evaluation versions. Your tutor indicates the free alternative wherever one exists.

A SEIUM Institute diploma, awarded on passing the continuous assessment and the Master's Thesis. It is SEIUM's own qualification, not an official state degree; its recognition depends on the programme completed and the regulations of each country.

Yes. Modules passed in a course or postgraduate diploma in the same area are recognised in the higher programme. Ask about the recognition policy when you enrol.

A university degree in engineering, science or architecture (or equivalent professional experience), a computer able to run the programme software and English sufficient to read technical standards.

Start dates are set by SEIUM's faculty for each intake. Our admissions team will confirm the next available date when you apply.

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