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Electricity markets: understanding prices and tariffs

Electricity markets: understanding prices and tariffs

About this course

  • 1 hour study
  • Level 0: Beginner
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    • Welcome to Electricity markets: understanding prices and tariffs

      This free, short course explores some of the different factors impacting the price of electricity. 

      The course also helps you understand the basics of how the electricity market work. You might be:

      • Curious as to how electricity markets work and why the price of electricity fluctuates.
      • Interested in how to reduce your energy consumption and saving costs.
      • Excited to learn more about the role digitalisation plays in electricity markets.

      This course will deepen your understanding of the digital energy transition and support your own digital energy journey! 

      The course lasts for around 30 minutes. It is a self-paced, stand-alone course and part of the suite of 12 courses called Digital Energy Essentials.

      At the end of the course, we suggest some further learning materials for you to explore. This includes the course What is the Digital Energy Transition? which explores what digital energy is and the reasons behind moving towards digitalising our production and consumption of energy.

      This course is part of a suite of learning materials developed by the Every1 project which aims to enable and empower everyone’s engagement in the energy transition. You can find out more about the project here: https://every1.energy

      How will I be awarded an Every1 digital badge?

      You must enrol on the course, view all sections of the course content, and successfully complete the short quiz.

      This project has received funding from the European Union’s Horizon Programme for Research and Innovation (2021-2027) under grant agreement No 101075596. The sole responsibility for the content of this course lies with the Every1 project and does not necessarily reflect the opinion of the European Union. 

      This course was created by the Every1 project and is licensed CC BY-SA 4.0, unless otherwise stated. This is the attribution and copyright statement.

  • Gain a digital badge

    Gain a digital badge

    By studying the course you will have the opportunity to gain a digital badge – you need to click on the ‘Enrol’ button to be able to do the quizzes and earn the badge.

  • This course is part of a collection

    This course is part of a collection

    This course is part of a collection of courses called Digital Energy Essentials. There are 12 courses in this collection so you may find other courses here that maybe of interest to you.

    See this collection

  • Course learning outcomes

    After studying this short course, you should be able to: 

     

    • Understand the fundamentals of how electricity markets work. 
    • Explain the main factors that impact on electricity costs. 
    • Be aware of different type of electricity contracts and their pros and cons.

     

  • Course dates:

    First Published 16/05/2025.

    Updated 21/01/2026

Course content

Below is the course content. You can click on any section here and it will take you through to this section of the course.

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Course reviews

    About this course

    • 1 hour study
    • Level 0: Beginner
    • Gain a digital badge

    Ratings

    0 out of 5 stars

    Sign up to get more

    You can start learning at any time. By signing up and enrolling you can track your progress and earn a Statement of Participation upon completion, all for free.

    View this course

    Sign up to get more

    Course rewards

    • Earn a free digital badge if you complete this course, to display and share your achievement.