Lennart SöderMikael Amelin2024-11-152024-11-152011https://gmitlibrary.net/handle/123456789/189This compendium provides a general overview of how an electricity market works, as well as descriptions of various models and methods that can be used for calculations concerning efficient balance keeping between production and consumption in a power system. The texts presented in the compendium have evolved during several years and have been used in the education at KTH and the MittunversitetetenBook