MSc Electric Power Management

A highly adaptable, interdisciplinary programme based on practical experience and fieldwork, this master's programme combines economics, technology, engineering and science into one comprehensive degree. This degree is designed for a diverse student group with quantitative backgrounds interested in an the study of the power sector from a non-engineering perspective.

The M.Sc. in Electric Power Management requires 24 months of continuous study and the completion of 120 ECTS. A personalized study plan is developed for each student with the assistance of an academic supervisor.



Language of Instruction: English
Start Date: late July / early August

Ensuring access to a clean, reliable and cost effective energy system is one of the foremost challenges of the coming decades. Making the transition from traditional, fossil fuel dominated energy systems to modern, renewable systems will require substantial rethinking of how we deliver energy products to consumers. From storage to smart-grid technology, the implementation of these new systems stands on the cutting edge of energy research and is of critical importance in the development of sustainable energy systems. With it's small, modern and isolated grid powered almost entirely by renewables, Iceland is an ideal location to study these emerging technologies. 

Electric Power Management is concerned with components of electric power systems, their control, production and transport of electrical energy, and how to ensure reliable delivery of electricity to meet consumer demand. Additionally, the field is concerned with the design requirements for electric power systems and subsystems, and their interactions. We focus on creating graduates with the skill-sets necessary to join this high-demand industry. This degree is a more flexible study option with multiple course offerings from the School of Energy, School of Science and Engineering, School of Business and School of Law for an interdisciplinary group of non-engineers interested in studying power systems.

The Iceland School of Energy offers a variety of courses, designed for specialization in electric power systems, including Power System Operation, High Voltage Engineering, Smart Grids and Sustainable Energy Systems, Power System Stability and Control, Power System Protection and Power Electronics. A highly adaptable programme based on practical and fieldwork experience, this master's programme combines economics, technology, engineering and science into one comprehensive degree. 

Personalized Study Plan

Students develop a personal study plan, with the aid of an academic adviser, to reflect their interests which can be further developed in the final research project.

Student Body and Faculty

Iceland School of Energy trains students to become entrepreneurs, engineers, managers, policy makers and researchers. Therefore, we draw our students from a wide range of experience and backgrounds.

Collaboration - Inside Access

The Electric Power Engineering and Management M.Sc. programs are operated in collaboration with Landsnet, the Icelandic Transmission System Operator (TSO). This collaboration gives our students exceptional access to:

  • Renewable energy systems and associated data in Iceland
  • Professionals at the forefront of developing and operating renewable energy resources


The M.Sc. in Electric Power Management requires 24 months of continuous study and the completion of 120 ECTS. A personalized study plan is developed for each student with the assistance of an academic supervisor. The Electric Power Management degree allows students to select from a wide range of courses in power systems, energy engineering and management. 

Teaching and learning

Our courses are based at the Reykjavik University campus. The curriculum is delivered through a combination of lectures, seminars and visits. Our faculty is made up of professors and leading experts from the industry. 

Programme Schedule

Summer Year 1

End of July - Beginning of August (3 weeks)
Required ECTS: 6

  • Summer Field School (6 ECTS)

Fall Year 1

August - December
Recommended ECTS: 24

  • Energy Economics (6 ECTS)
  • Power Systems Operation (8 ECTS)
  • Electives in Renewable Energy from ISE such as International and European Energy Law

Spring Year 1

January - June
Recommended ECTS: 30

  • Smart-Grids in Sustainable Energy Systems (8 ECTS)
  • Stability and Control in Electric Power Systems (8 ECTS)
  • Research Methods (4 ECTS)
  • Electives in Renewable Energy from ISE such as Economics of Energy Markets 

Fall/Spring Year 2

August- June
Minimum Required ECTS: 60

  • M.Sc. Thesis Project (60 ECTS)

Core Courses and Electives

Core Modules:

Field School (6 ECTS)

A three week, intensive course that provides students with an overview of power systems engineering, the main issues that require change in the transmission and distribution of electricity and the factors that may impede or promote meeting that demand. The course is delivered through a combination of lectures and site visits, and students have opportunity to see working systems that utilize sustainable energy. The course is taught as a summer school, also open to other participants and offers a unique introduction to the master's program.

Power Systems Operation (8 ECTS)

 This course can be divided into the following main sections:

  • Basic principles and use of symmetrical components, grounding principle, balanced and unbalanced operation and fault situation analyses,
  • Basic principles and some application of power system protective methods.
  • Power systems operation principles and basic functions in energy management system including optimization techniques to solve fundamental operation problems;
  • Basic principles of transmission line transient operation including insulation coordination.

The aim of the course is to provide students with a working knowledge of power system problems in both balanced and unbalanced operation situation including faults, protection principles, energy management methods and computer techniques used to solve some of these problems. The transmission line transient operation and insulation coordination is also part of the course.

Topics include: Symmetrical components, Modelling of transformers, lines and cables in the positive, negative and zero sequences based on physical models, The impact of different earthing principles, Methods for power system analysis in steady state operation and during grid faults, Faulty system operation, balanced and unbalanced faults, Symmetrical components and unbalanced fault analysis, Basic protective methods and principles, Load flow calculations in steady-state power system analysis,Model complex power system operation issues for economic and secure operation, Load flow calculations in steady-state power system analysis, Model complex power system operation issues for economic and secure operation, Principles for regular power flow and optimal power flow methods, Power system operation principles and basic functions in energy management system. Optimization techniques to solve fundamental operation problems, N -1 steady state contingency analysis, Transmission lines Transient operation, Insulation coordination, Power system state estimation and the incorporation with phasor measurement units; (Smart Grids). Practical assignments solved in the numerical simulation program Power World.

High Voltage Engineering (8 ECTS)

This course aims to give students an in depth understanding of electric field characteristics including the tools to undertake an analytical estimation of electric fields. Students will be introduced to these tools and will be able to do upon completion of this course understand and/or analyze: 

  • Numerical computing of voltage distributions and electric fields using Finite-Difference codes. Numerical solving will be done with the Laplace Equation
  • Numerical analysis of E-fields using CST EM Studio / Analysis transients in H.V. circuits using Multi-sim.
  • Generation of DC, AC and impulse high-voltages.
  • Measurement of DC, AC and impulse high-voltages.
  • Breakdown in gases, liquids, and solid dielectrics. Application of insulating materials in electrical components. Design of insulators.
  • Over-voltage phenomenon.

Power Electronics (6 ECTS)

The course is intended to give overview of devices broadly used in power electronics. The course will cover electronic devices such as diodes, thyristors, triacs a.o. Special attention will be drawn to the use of power electronic in motor control, in the heavy industry and in the electrical transmission system (HVDC, FACTS). The conversion between AC and DC will be covered. The teaching will be based on lectures, examples, question and problems. A project in building a power electronic device will be part of the course.

Internship (6 ECTS)

As part of their degree, students are encouraged part-take in an internship project with one of our many industry collaborators. In the past, ISE students have worked on a hydro-power station in Greenland, designed a heat-exchanger for modular well-head generation plants to the modelling of wind-power potential at Icelandic sites. Find out more about our internship program and collaborators.

Smart Grids and Sustainable Power Systems (8 ECTS)

After successful completion of this course, the students should be able to:

  • Know the basic components of the electric power systems and understand how electrical energy is generated, transmitted, distributes and consumed, and gain some idea about the energy resources and power plants.
  • Be familiar with the concept of fundamentals of Smart-Grids, and learn the fundamentals of the network protection and control, and understand the value of reliability and automation in distribution networks.
  • Understand the role of information and communications technologies (ICT) solutions on Smart-Grids, including selected topics such as wide area measurement systems (WAMS) and applications (PMU), Internet protocol (IP) and Internet-based applications, global positioning system (GPS) applications, multi-agent systems (MAS), geographic information system (GIS) applications, automatic meter reading (AMR), wireless and radio communication, power line carrier communication, optical fiber communication, Information and cyber security, and computational tools for Smart-Grids.
  • Gain some knowledge about Smart-Grids topics related to renewable energy and emerging technologies such as the role of Smart-Grids in integrating renewables, the impact of integrating fluctuating energy sources such as wind, energy storage systems, microgrids, electric vehicles in Smart-Grids, active distribution network, demand response and management, and smart cities, smart buildings, and smart homes.
  • Students might discuss other Smart-Grids topics such as stability analysis for Smart-Grids, power electronics and high voltage direct current (HVDC) transmission in Smart-Grids.
  • They could also study case studies, experiences, test cases or projects in Smart-Grids.
  • Students' individual skills and group work experience are expected to be improved by using individual assignments, presentations and group discussions.

Stability and Control in Electric Power Systems (8 ECTS)

The general objectives of this course is to help students obtain knowledge about conditions in electric power systems that can lead to stability problems, to understand which physical mechanisms are the cause of power system instability, and to give the student insight in the theoretical background for analysis methods used for assessment of system stability. Numerical simulations and analysis will be carried out on different stability problems where the students implement the appropriate models and methods for analysis in MatLab. Upon successful completion of this course, students will be able to:

  • Explain the principal causes of power system stability problems (frequency, transient rotor angle, small-signal rotor angle and voltage stability problems)
  • Reflect on how the power system stability problems are affected by grid related limitation for the transfer of active power and the machine related limitation for the injection of active and reactive power
  • Explain the key concepts for primary frequency control in power systems
  • Analyze rotor angle small-signal stability problems by applying small-signal analysis
  • Analyze transient stability problems and describe means to protect the system against transient stability problems
  • Analyze voltage stability problems by applying continuation power flow 

Elective Modules

Students have access to a wide variety of elective module to tailor their curriculum to suit their focus. Elective courses include for example:

  • Partial Differential Equations
  • Datamining and Machine Learning
  • Simulation
  • Advanced Circuit Design
  • Theory of Computation
  • Measurements and Stochastic Variables
  • Linear Dynamical Systems
  • Energy Economics
  • International and European Energy Law
  • Probability and Stochastic Processes
  • Engineering Optimization
  • Economics of Energy Markets

>> More information on all available courses can be obtained from the course overview page.


Admission requirements

The degree is open for students with a bachelor's degree in Physics, Mathematics, Computer Science, Economics and other related fields. A background in power systems and circuit analysis is recommended.

Language Requirements

Applicants must provide proof of their proficiency in English if it is not their first language.

  • A minimum TOEFL test score of 550 is required (213 in the computer-based test, 79 in the internet based test)
  • IELTS score of at least 6.0 (both general and academic accepted)

Language Requirement Waiver

The requirement of an English language certificate is waivered in the following circumstances:

  • The applicant's first language is English
  • The applicant has studied towards a higher education degree and the language of instruction was English (minimum requirement 3 years full-time). A certificate from the university will be required to confirm this


Find out more about the tuition and other fees here:


Interested in applying to ISE?

Contact us

Juliet Newson stendur á gangi í HR og horfir í myndavélina

Juliet Newson

Director of ISE

Contact for matters surrounding cooperation and opportunities with ISE.

Ragnar Kristjánsson

Assistant Professor

Contact for questions regarding the content, structure of the graduate programme, and other inquires about it.

Randall Morgan Greene

Development Director

Contact for questions regarding admissions, exchange and development activities.
Laurentiu Anton

Laurentiu L. Anton

Project Manager

Prospective students may reach out for questions regarding any of our graduate programmes.

Verity Louise Sharp

International Admissions Officer

Contact for general questions regarding the application process, visa-related issues and inquires.

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