Official Master's Degree in the Electric Power Industry

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1st Call for Applications: 01/11/2021 to 30/06/2022
2nd Call for Applications:01/07/2022 to 07/09/2022

45 places available

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Information Sessions

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Informative Session

May 24

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1 year / 60 ECTS

Face to face



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Timetables and exams

Official status of the Degree

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A comprehensive view of business activities in the electrical sector


Acquire knowledge of the micro-economic principles that should guide decision-making, and their application to real-world problems that are faced by companies and institutions.


Apply the principles that should govern the development of operational rules for activities in the sector to the analysis of solutions implemented in electricity markets and the development of the new regulations.


Understand how the laws of the functioning of the electrical system should condition the solutions adopted in each activity and electrical business unit.

What is the Official Master's Degree in the Electric Power Industry?

The Official Master's Degree in the Electric Power Industry addresses the need to update the training of professionals in the Electric Power Industry, as well as that of recent graduates who would like to enter this sector. Graduates from the programme are able to successfully face the challenges related to the economic, regulatory and technological changes that the electricity sector is undergoing. These include the development and integration of electricity markets for the generation and retailing activities, and the need to adapt the regulation of these and the regulated businesses, namely transmission and distribution. The main regulatory changes affecting the Electric Power Industry the massive deployment of generation based on renewable energy sources, the need to actively manage demand, and the development of smart grids, among others.

This Master's Degree presents students with the technical and economic aspects of the new environment in the field.

Building on a background in Engineering or Economics, the students of this Master's Degree become familiar with the technical and economic principles that should underlay the functioning of the main economic activities within the electricity sector in the new context . Besides, within their final Master Thesis Project, the students obtain direct experience from the application of these principles to a real-life problem, while being supervised in their day-to-day work by professional staff from the main institutions and companies in the power sector, or by leading academics at the Institute for Research in Technology of the University.

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Our students say the following:

Many people like you are already making the most of their Master´s Degree. Learn about their experiences.

What makes us different?

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Professional Internships

Students who carry out Compulsory and Paid Internships.

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Rate of Employment for Graduates: 93.7% are currently working and 7.7% are pursuing Doctoral Studies.

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Rankings and Awards

Ranked Number #1 in the “EL MUNDO Newspaper Ranking, in the category of Energy and Environment

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Members of the Professorial Staff

Percentage of Professors who combine Teaching Courses with the Exercise of their Profession.




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Success rate

Rate of Success and Performance of Students in the Master's Degree

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“Students have the possibility of carrying out internships and final Master's Degree projects at leading companies, collaborating to solve real and existing problems”

Luis Olmos Camacho Professor at
Comillas ICAI

Learning is achieved not only by studying

  • Wide offering of paid professional internships
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Advisory Council for the Official Master's Degree in the Electric Power Industry



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All you need to know


Admissions Process


The admission process starts when the prospective student submit the corresponding application. The following issues ought to be taken into account when filling in the application:

- The application must be submitted within the deadlines stablished to such effect, following the normalized model, and including all the documents certifying the candidate complies with the admission requirements.

- In addition to the application form and the aforementioned documents, the candidate must provide a CV, a motivation letter and two letters of recommendation.

- Furthermore, a personal interview (either in-person or via phone) may be held with the program Director to gather any additional information relevant to the admission process.

Admission applications will be evaluated by the competent university committee or committees as described on the ensuing:
- The admission to the MEPI is the responsibility of the Director of the ICAI School of Engineering, with the assistance of a specific committee (“Subcomisión Delegada de Admisiones”).

- This committee (“Subcomisión Delegada de Admisiones”) is composed of the MEPI Director, the head of postgraduate studies, and the Director of ICAI.

- This committee will jointly determine the acceptance or rejection of admission applications. The final decision will be communicated to candidates through a letter signed by the Director of ICAI.

Information about the documentation to submit

Entrance examinations are not held for this master’s program. The admission criteria, as well as the weight placed on each one of them (between brackets), are as follows:

- Academic records (60%)

- Sufficient command of the English language (10%). A minimum level of B2 or equivalent ought to be demonstrated. Failing to reach such a level may result in the rejection of the admission application.

- A background in electrical engineering will be positively valued (10%)

- Previous professional experience in the power sector will be positively considered (10%)

- The candidate’s motivation, maturity and interest in the program, as shown in the motivation letter (10%).

Candidates without previous knowledge on electrical engineering may be requested to take, after the corresponding registration, a preliminary course on “Fundamentals of electrical engineering and optimization techniques”. This is an intensive course delivered at the beginning of the academic year to provide these students with the necessary background to successfully tackle subsequent subjects within the program.


Important Dates


Submission of applications:
1st Call for Applications: 01/11/2021 to 30/06/2022
2nd Call for Applications: 01/07/2022 to 07/09/2022

Informative Session:
Online Informative Session: May 24 (5:00 pm.)

Classes start on: September 12, 2022


Applicant Profile/Requirements and Documentation


Applicant Profile

This Master is aimed at senior engineers and graduates from other disciplines (economy, physics, chemistry, etc.) who wish to enter the electric power sector. The master's degree is also aimed at professionals that are active within the power sector and are able to combine their day-to-day work with the schedule of the courses. Thus, the classes are taught in the afternoon. In fact, having some professional experience within the electricity sector is valued positively in the selection process. Due to the interdisciplinary nature of this title, it is possible to define two recommended income profiles:

- Graduates in engineering (or equivalent) who are willing to increase their knowledge about the economic and regulatory principles that should rule the management and organization of the activities in the electricity sector. Graduates in Electromechanical Engineering from our School have an optimal applicant profile. Among the several branches of engineering, having a background in electrical engineering is preferable, but other branches of industrial engineering, as well as other engineering university degrees, provide the student with an appropriate background as well.

- Graduates in economics, or in business administration and management, who need to better understand the technical aspects of the functioning of electric power systems.

Students holding any other Bachelor’s degree in any of the above-mentioned programs can also apply, though they may be requested to take additional, preparatory courses. If needed, students will be provided with additional teaching material and receive personalized support provided by the teaching staff.

Finally, professional experience can be a very positive element. Therefore, the Master's Degree is also aimed at professionals that are currently working, who will be able to combine their daily activities with the follow-up from courses, since classes are taught in the evening.

Students with disabilities

Applicants with a physical disability can receive further information and personalized support at the Comillas Social Work Unit, which has developed a Support program for students with disabilities. This aims to help students to fully integrate without experiencing additional difficulties. The unit’s webpage provides access to relevant information on the resources and technical aid available, as well as the Access Request Form, which explains how candidates can specify their special needs in the admission process.Informative note on the documents to be submitted


Information on Fees, Payments, Grants and Scholarships


The total fee for the Master's program is €17,231
Course fees: €2,480.40
8 monthly installments of €1,843.76 each.

There are scholarships associated with the completion of internships in sponsoring companies. The amount of these scholarships is determined by each company (normally between € 3,000 and € 6,000 for an internship period that can be distributed throughout the year, depending on the availability of the student and the needs of the sponsoring company).

A limited number of scholarships is available, offered by collaborating companies, to carry out internships associated with the Master's thesis.

Other Scholarships:
Fundación Iberdrola Scholarships - Researcher Grants
Fundación Iberdrola Scholarships - For Master's degree studies in the fields of Energy and Environment
Avangrid Foundation Scholarships For students of U.S. Nationality
Any Mexican students admitted onto our Master's program whose studies are funded by FIDERH will receive a scholarship from Comillas equivalent to 10% of the total fees of the course of study in which they are enrolled.

Study grants


Contact Information


Future Students Office

C/ Alberto Aguilera, 21 - 28015 Madrid
Tel.: +34 91 540 61 32

Fax: +34 91 559 65 69

Please, check our office hours here

Person Responsible for the Program:
Director: Luis Olmos Camacho
Coordinator: Luis González Sostres


Apply for Admission


Are you convinced about studying this Master’s Degree? You need not wait any longer!

Application for admission

Who are you going to study with and what are you going to learn?

Curriculum Flecha DownCreated with Sketch.

Program Structure
First Term
Decision support models in the electric power industry 6.0 ECTS ICO/DESCARGA
Economy of the electric power industry 6.0 ECTS ICO/DESCARGA
Electric power systems 6.0 ECTS ICO/DESCARGA
Regulation of the electric power industry 6.0 ECTS ICO/DESCARGA
Second Term
Business ethics 1.0 ECTS ICO/DESCARGA
Environmental and renewable energy policy 3.0 ECTS ICO/DESCARGA
Law and Legislation of the power industry 3.0 ECTS ICO/DESCARGA
Management skills 2.0 ECTS ICO/DESCARGA
Network Business: Transmission, Distribution and Smart Grids 6.0 ECTS ICO/DESCARGA
The natural gas industry and fuel markets 3.0 ECTS ICO/DESCARGA
Wholesale and retail electricity markets 6.0 ECTS ICO/DESCARGA
Training Complements
Fundamentals on electrical engineering and optimization techniques 3.0 ECTS ICO/DESCARGA
Annual Subjects
Internship 6.0 ECTS ICO/DESCARGA
Master Thesis 6.0 ECTS ICO/DESCARGA

Who are you going to study with and what are you going to learn


Comillas ICAI

Alberto Aguilera, 25.

The long-standing tradition of the ICAI School of Engineering in the education and training of engineers began in Madrid in the year 1908. At present, Comillas ICAI is a School of Engineering whose academic activity is focused on Industrial and Telecommunication Engineering.



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