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.
Master’s in Electricity Markets and Regulation — studying from Singapore
Singapore's energy system is largely based on natural gas, supplemented by growing investment in solar, energy storage and grid modernisation. The Energy Market Authority regulates the electricity and gas markets and oversees network reliability, while SP Group operates the national grid. Engineers work on power systems, distribution networks, energy efficiency and resilience planning. The sector also supports regional energy trading and the petrochemical cluster on Jurong Island.
Fees for Singapore: S$9,880 (Singapore dollar), with instalments and employer sponsorship available.
Relevant bodies in Singapore
Typical roles
Questions from Singapore
Which Singapore bodies regulate energy and utility networks, and is SEIUM recognised?
Singapore's energy sector is regulated by the Energy Market Authority (EMA), and power and water networks involve SP Group and PUB, the national water agency. Engineers may register with the Professional Engineers Board (PEB). SEIUM's qualifications are private, not state degrees, and not accredited by any national body, so recognition is for employers or the relevant body to decide.
Which employers in Singapore hire energy and network engineers?
Main employers include SP Group, PUB, EMA-regulated energy companies, engineering consultancies, and industrial firms managing power systems. Singapore's grid modernisation and renewable projects also create roles. Employers typically look for professional registration and practical network experience. Your final project may help, but it does not guarantee a position.
Is this workable alongside a job, and what support is provided?
The course is fully online and taught in English, with an assigned technical tutor for guidance. Workload is significant: 1,900 hours for a master's, 800 for a postgraduate diploma and 300 for a specialist course. Fees are payable in instalments, and employer sponsorship is possible, depending on your employer's training policy.
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
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.
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.
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
12 modules
1.1Regulated and liberalised activities1.2Market participants1.3System operator and market operator1.4Regulatory and supervisory bodies1.5The EU internal market1.6The Spanish Electricity Sector Act1.7Evolution of liberalisation1.8Tariff structure1.9Challenges of the transition1.10Case study: value chain of the Spanish sector
2.1Generation costs2.2The merit-order curve2.3Marginal price formation2.4Fixed and variable costs2.5Levelised cost of energy (LCOE)2.6Investment in generation2.7The missing money problem2.8Demand elasticity2.9Externalities and the carbon price2.10Lab: merit-order curve with real data
3.1SDAC day-ahead market3.2EUPHEMIA matching algorithm3.3Simple and complex bids3.4Market coupling3.5Continuous intraday market3.6European intraday auctions3.715-minute granularity3.8Zero and negative prices3.9Analysis of results3.10Practical exercise: simplified bid matching
4.1Resolution of technical constraints4.2Secondary regulation (aFRR)4.3Tertiary regulation (mFRR)4.4European PICASSO and MARI platforms4.5Imbalance management4.6Voltage control services4.7Flexibility services4.8Capacity markets4.9System operator settlements4.10Lab: imbalance costs of a power plant
5.1Futures markets5.2OTC bilateral markets5.3Long-term PPAs5.4Transmission rights5.5Risk hedging5.6Contract valuation5.7Counterparty risk5.8Guarantees of origin5.9Contracts for difference5.10Practical exercise: valuation of a solar PPA
6.1Transmission regulation6.2Distribution regulation6.3Remuneration methodologies6.4Network tariffs and charges6.5Access and connection6.6Grid planning6.7Quality incentives6.8Remuneration of investments6.9Unbundling of activities6.10Case study: calculating network access tariffs
7.1Specific remuneration scheme7.2REER renewable auctions7.3Self-consumption regulation7.4Energy communities and their regulation7.5Hybridisation of installations7.6Repowering of existing plants7.7Storage regulation7.8Guarantees of origin7.9Curtailment management7.10Workshop: analysis of a renewables auction
8.1Retail supply in the free market8.2PVPC regulated tariff8.3Electricity social bonus8.4Consumer protection8.5Indexed dynamic tariffs8.6The independent aggregator8.7Demand response8.8Switching supplier8.9Offer design8.10Practical exercise: designing a time-of-use tariff
9.1The Clean Energy Package9.2The 2024 electricity market design reform9.3Network codes9.4ACER and ENTSO-E9.5Interconnection capacity9.6Market integration9.7Security of supply9.8The 2022 energy crisis9.9Intervention measures9.10Case study: impact of the Iberian exception
10.1Dispatch models10.2Equilibrium models10.3Game theory10.4Market power10.5Agent-based simulation10.6Price forecasting10.7Long-term models10.8Transition scenarios10.9Modelling tools10.10Lab: dispatch model with PyPSA
11.1Market surveillance11.2REMIT integrity regulation11.3Market abuse11.4Competition in the sector11.5Merger control11.6Transparency obligations11.7Sanctioning regime of the sector11.8Investigation cases11.9Regulatory compliance programmes11.10Practical exercise: analysis of a REMIT case
12.1Definition of the research question12.2Review of the regulatory framework12.3Data collection12.4Market modelling12.5Scenario analysis12.6Impact assessment12.7Regulatory policy recommendations12.8Conclusions and future work12.9Master's Thesis report12.10Master's Thesis: defence before a panel
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.
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 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 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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