HAEE’s introduction to the “Competitive Electricity Markets” Seminar, provided a comprehensive overview of the main principles and concepts related to the liberalization of the power markets, the basic models of market design, how power sector is restructured and regulated under competition, and how electricity markets are organized. There was emphasis on the details of the “Target Model” for the European Internal Electricity Market, the role of Market Coupling, the fundamentals of Bilateral Transactions and Power Exchanges for trading, as well as the products traded and the trading strategies. The core objective was to understand the most important features of the European competitive power markets, the drivers for the price determination and risk management.