Learning Path

A structured journey through the European electricity market. Follow the modules in order for a complete understanding, or jump to specific topics that interest you.

How to Use This Guide

Each lesson includes interactive simulations, real-world examples, and comprehensive explanations. Use the Next/Previous buttons at the bottom of each page to navigate sequentially, or use the AI Assistant for questions along the way.

Module 1
Foundations
Start here if you're new to electricity markets
What is an Electricity Market?
Merit Order, Marginal Pricing, SDAC, SIDC
Key Stakeholders & Regulations
TSOs, NEMOs, BRPs, ACER, Network Codes

Next module: Cross-Border Trading

Module 2
Cross-Border Trading
How capacity is allocated between countries
Auctions & Flow-Based Allocation
NTC vs Flow-Based, PTDF, RAM, CNECs, Long-Term Rights

Next module: Balancing & Stability

Module 3
Balancing & Stability
Real-time grid management
Frequency Control & Balancing Markets
Reserves, frequency control, grid stability
Imbalance Pricing (Single vs Dual)
NIV, PAR, settlement mechanisms

Next module: Geography & Regions

Module 4
Geography & Regions
European market structure and regions
European Market Regions & CCRs
Core, Nordic, SWE, and other capacity calculation regions

Next module: Reference Materials

Module 5
Reference Materials
Supplementary resources for deeper understanding
Glossary (Reference)
100+ essential electricity market terms
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