Master’s in Electricity Markets Engineering and Regulation
Online master's programme of 1,900 hours in electricity markets and regulation engineering. 12 modules covering electricity economics, wholesale market design, the Iberian MIBEL market, balancing services, PPAs and risk management, network regulation, Spanish and European regulatory frameworks, capacity mechanisms, market modelling and competition, applying Law 24/2013, Regulation (EU) 2019/943 and PLEXOS, with an assigned technical tutor.
Master’s in Electricity Markets Engineering and Regulation — studying from Canada
Canada's energy sector spans oil and gas in Alberta, hydroelectricity in Québec and Manitoba, nuclear generation in Ontario, and growing wind and solar capacity across several provinces. Transmission and distribution networks are operated by provincial utilities such as Hydro-Québec and Ontario Power Generation, alongside private operators. Grid modernisation, interconnection and energy efficiency are priority areas for engineers. Regulation is handled by provincial energy boards and the federal Canada Energy Regulator.
Fees for Canada: C$9,230 (Canadian dollar), with instalments and employer sponsorship available.
Relevant bodies in Canada
Typical roles
Questions from Canada
Who licenses energy and power network engineers in Canada?
Power and energy engineers in Canada usually obtain Professional Engineer licences from provincial associations, which regulate the use of the title and require accredited education and experience. SEIUM's qualifications are private, not official state degrees and not accredited by a national body, so they do not themselves grant licensing. Employers or relevant bodies decide recognition, so verify this first.
Do Canadian utilities and energy employers value this type of training?
Canadian utilities and energy firms, including those in Ontario, Alberta and Quebec, typically prioritise licensed engineers and verifiable operational experience. A SEIUM qualification may complement your profile, and a strong final project can help demonstrate skills, but its acceptance is for each employer to decide. Ask employers what they expect before enrolling.
Can I study alongside a job, and what about funding and language?
Yes, the programmes are fully online, so you can study from home without a student visa and plan sessions around work. Specialist courses are 300 hours, postgraduate diplomas 800 and master's 1,900. Instruction is in English, and each student has an assigned technical tutor. Fees can be paid in instalments, and employer sponsorship is possible.
Take the controls.
Run a real engineering trade-off from this field. Move the sliders, watch the model react in real time and beat the challenge.
What you will be able to do
Apply economic fundamentals to the analysis of the electricity sector.
Understand the design and operation of wholesale markets.
Analyse the Iberian market using real data.
Value energy contracts and manage their risks.
Interpret network regulation and the Spanish framework.
Assess capacity mechanisms and security of supply.
Model electricity markets to analyse regulatory proposals.
Who it's for
- Electricity market analysts.
- Energy regulatory consultants.
- Energy risk managers.
- PPA originators.
- Regulatory officers at supervisory bodies.
- Electricity traders.
- Engineering or science graduates seeking to enter energy trading and retail.
What you'll work with
- Law 24/2013 (Spanish Electricity Sector Act)
- Regulation (EU) 2019/943 (internal market for electricity)
- Directive (EU) 2019/944 (common rules for the internal market for electricity)
- Regulation (EU) 2024/1747 (electricity market design reform)
- Regulation (EU) 1227/2011 (REMIT)
- Regulation (EU) 2015/1222 (CACM)
- CNMC Circular 3/2020 (network tariff methodology)
- Royal Decree 960/2020 (economic regime for renewable energy)
- PLEXOS
- Python (pandas, Pyomo)
- R
- Aurora
- Excel (financial models)
12 modules · 1900 h
1.1Economic characteristics of electricity1.2Fixed and variable generation costs1.3Merit-order supply curve1.4Demand elasticity1.5Natural monopoly in networks1.6Liberalisation of the sector1.7Market failures1.8Externalities and the carbon price1.9Security of supply as a public good1.10Case study: building a system supply curve
2.1Energy-only markets and markets with capacity2.2Marginal pricing versus pay-as-bid2.3Nodal and zonal markets2.4European market coupling (SDAC)2.5The EUPHEMIA clearing algorithm2.6Single intraday coupling (SIDC)2.7Balancing services markets2.8Settlement mechanisms2.9Negative prices and their causes2.10Lab: bid clearing with a simplified model
3.1How OMIE works3.2Simple and complex bids3.3The OMIP forward market3.4Products and settlement3.5Interconnection with France3.6The 2022 Iberian adjustment mechanism3.7Price formation in Spain and Portugal3.8Concentration indicators3.9Transparency and data publication3.10Practical exercise: analysis of OMIE aggregate curves
4.1Resolution of technical constraints4.2Secondary and tertiary regulation4.3Imbalance management4.4Active demand response service4.5European balancing platforms4.6Balancing costs and their allocation4.7Participation of renewables and storage4.8Aggregators in ancillary services4.9Evolution of the design4.10Case study: a battery in ancillary services
5.1Bilateral contracts and PPAs5.2Physical and financial PPAs5.3Profiles: pay-as-produced and baseload5.4Price, volume and profile risk5.5Hedging with futures5.6Guarantees of origin5.7PPA valuation5.8Counterparty risk5.9Two-sided contracts for difference5.10Practical exercise: valuation of a solar PPA
6.1Remuneration of transmission and distribution6.2Incentive-based regulation models6.3Regulated asset base and rate of return6.4Incentives for quality and losses6.5CNMC network tariff methodologies6.6System charges6.7Grid access and connection6.8Self-consumption and network tariffs6.9Regulation of network innovation6.10Workshop: calculating network tariffs for different consumers
7.1Law 24/2013 on the Electricity Sector7.2Remuneration regime for renewables7.3REER renewable auctions7.4Social tariff and vulnerable consumers7.5Regulated retail tariff (PVPC)7.6Economic sustainability of the system7.7Powers of the CNMC and the Ministry7.8The tariff deficit and its resolution7.9Recent market reforms7.10Case study: analysis of a household consumer's electricity bill
8.1The Clean Energy Package8.2The internal market Regulation and Directive8.3Network codes and guidelines8.4ACER and ENTSO-E8.5The 2024 market design reform8.6The REMIT integrity regulation8.7The Emissions Trading System8.8State aid in energy8.9Security of supply8.10Practical exercise: analysis of an ACER decision
9.1The missing money problem9.2Types of capacity mechanism9.3Centralised capacity markets9.4Strategic capacity reserves9.5Reliability options9.6Adequacy assessment9.7Criteria of Regulation 2019/9439.8European experiences with capacity mechanisms9.9Auction design9.10Case study: design of a capacity auction
10.1Equilibrium models10.2Strategic bidding models10.3Game theory in markets10.4Agent-based simulation10.5Long-term dispatch models10.6Price forecasting10.7Transition scenarios10.8Validation and calibration10.9Commercial modelling tools10.10Lab: price forecasting with a dispatch model
11.1Market power11.2HHI and pivotal supplier indices11.3Market manipulation11.4REMIT surveillance11.5Unbundling of activities11.6Retail supply and retail competition11.7Consumer protection11.8Enforcement cases for manipulation11.9Data transparency11.10Workshop: market power analysis with concentration indices
12.1Statement of the regulatory question12.2Review of the regulatory framework12.3Market data12.4Market modelling12.5Analysis of results12.6Well-founded regulatory proposal12.7Impact assessment12.8Conclusions and future lines of work12.9Master's Thesis report12.10Master's Thesis: defence before a panel
How you'll learn
The programme is delivered 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 it is compatible with full-time work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is PLEXOS, Python (pandas, Pyomo), R, Aurora and Excel (financial models), in free, academic or evaluation versions. You work on real procedures for analysing OMIE and REE market data, valuing PPA contracts and simulating markets with dispatch models. Assessment is continuous by module, plus the final Master's Thesis.
Standards covered: Law 24/2013; Regulation (EU) 2019/943; Directive (EU) 2019/944; Regulation (EU) 2024/1747; Regulation (EU) 1227/2011; Regulation (EU) 2015/1222; CNMC Circular 3/2020; Royal Decree 960/2020.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Where this takes you
Requirements
- University degree in engineering, science or architecture, or equivalent demonstrable professional experience.
- Internet connection and a computer capable of running the programme's 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.
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 PLEXOS, Python (pandas, Pyomo), R, Aurora and Excel (financial models), 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, plus a computer able to run the 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.
Related programmes
Master’s in District Heating and Cooling Engineering
Online master's programme of 1,900 hours in district energy and heat network engineering: 12 modules covering urban heat demand, renewable and waste heat sources, hydraulic design,…
Master’s in Power-to-X (e-fuels, e-methanol, e-ammonia)
Online master's programme of 1,900 hours in Power-to-X (e-fuels, e-methanol, e-ammonia): design, energy balance, LCA and logistics. 12 modules covering hydrogen production, CO2 capture, e-methanol, e-ammonia…
Master’s in District Energy and Heating/Cooling Networks
Online master's programme of 1,900 hours in district energy and heating/cooling networks, 12 modules covering heat demand, generation sources, centralised cooling, hydraulic design, piping, substations, thermal…
More in Energy and Networks
All Energy and Networks programmes → · How to apply · Fees & financing · Scholarships