Doctoral student in Electricity Hedge Markets in Nordic RegionSchool of Electrical Engineering and Computer Science at KTHProject descriptionAround the world, electricity spot prices tend to be highly volatile, varying both across time and across locations on the network. For this reason, as with many other commodities, financial markets have emerged for mitigating the risk and providing signals to investors. The Electricity Price Area Differentials or EPAD contract is one such inter-locational hedging instrument which allows members on the power exchange to hedge against the area-price risk. The EPAD is a spread contract between one bidding-area price and the Nordic system price. However, some concerns have been raised with available hedging instruments in the Nordic region: First, system price does not always correlate sufficiently with area prices because of congestion within the Nordic region. Second, there is limited liquidity in EPADs in certain trading areas. Third, EPADs are of limited use for mitigating the risk faced by some of the newer generation technologies, such as wind and solar. In this project we propose to study these three issues and to develop policies to address these concerns, with the ultimate aim of improving the performance of the Nordic wholesale electricity market and smoothing the transition to the low-carbon future. More info Third-cycle subject: Electrical Engineering Supervision: Associate Professor Mohammad Reza Hesamzadeh What we offer
Admission requirementsTo be admitted to postgraduate education (Chapter 7, 39 § Swedish Higher Education Ordinance), the applicant must have basic eligibility in accordance with either of the following:
The applicant must meet all the general entry requirements for PhD students as indicated in the above bullet points at KTH. In addition to the above, there is also a mandatory requirement for English equivalent to English B/6, read more here SelectionIn order to succeed as a doctoral student at KTH you need to be goal oriented and persevering in your work. During the selection process, candidates will be assessed upon their ability to:
The applicant must have at least a MSc degree in Electrical Engineering, Energy Economics, Operations Research or Applied Mathematics. Proven excellent knowledge of non-convex optimization theory, discrete optimization theory, stochastic processes, mathematical decomposition techniques, and electricity-market principles. Students with MSc degrees from other disciplines (for example physics or mathematics) who are interested in and capable of performing theoretical research in electricity-market areas are recommended to apply. The applicant must be able to nominate at least two reference persons who can comment on the applicant scientific performance. The recommendation letters can be also sent along with other application documents. After the qualification requirements, great emphasis will be placed on personal competency. Target degree: Doctoral degree Information regarding admission and employmentOnly those admitted to postgraduate education may be employed as a doctoral student. The total length of employment may not be longer than what corresponds to full-time doctoral education in four years ' time. An employed doctoral student can, to a limited extent (maximum 20%), perform certain tasks within their role, e.g. training and administration. A new position as a doctoral student is for a maximum of one year, and then the employment may be renewed for a maximum of two years at a time. In the case of studies that are to be completed with a licentiate degree, the total period of employment may not be longer than what corresponds to full-time doctoral education for two years. Union representativesContact information KTH's website. Doctoral section (Students’ union on KTH Royal Institute of Technology)Contact information section's website. ApplicationApply for the position and admission through KTH's recruitment system. It is the applicant’s responsibility to ensure that the application is complete in accordance with the instructions in the advertisement. Applications must be received at the last closing date at midnight, CET/CEST (Central European Time/Central European Summer Time). Applications must include:
Other informationStriving towards gender equality, diversity and equal conditions is both a question of quality for KTH and a given part of our values. For information about processing of personal data in the recruitment process please read here. We firmly decline all contact with staffing, recruitment agencies and job ad salespersons. Disclaimer: In case of discrepancy between the Swedish original and the English translation of the job announcement, the Swedish version takes precedence. About KTHKTH Royal Institute of Technology in Stockholm has grown to become one of Europe’s leading technical and engineering universities, as well as a key centre of intellectual talent and innovation. We are Sweden’s largest technical research and learning institution and home to students, researchers and faculty from around the world. Our research and education covers a wide area including natural sciences and all branches of engineering, as well as architecture, industrial management, urban planning, history and philosophy. Read more here Type of employment Temporary position
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