This course sets out the differentials between the electricity markets in Europe and the Americas. This includes the grid and the role of system operators, as well as the organisation of markets, main market players and including the types of products traded

The two largest market areas for electricity are in EU and US respectively. Both are liberalized markets in contrast to a state owned, monopoly driven electricity supply system; however, there are still differences between separate market areas within those two regions and even greater between the US and the EU. An example is the locational pricing in the PJM which is opposed to the approach of a uniform market price for the whole German market area.

In this course the participants will get an overview about the market design of the US electricity market. He will be able to identify important differences in market design in an easy-to-comprehend way.