This project aims to make a comparison between the Swedish and Indianelectricity market, the design of new improvements will achieve a betteroperation for both markets as well as the price forecasting for markets. Thisresults will give a clear idea about the electricity prices, different energy uses andpeak hours and also the carbon dioxide emissions.Also the main organizations of the market and their roles has been characterized,discussing about the functions of the Market Operator and the System Operator.And also the different markets, the trading products and the price formation havebeen explained and giving an idea about the market structure with enough details.Moreover, Time Series Analysis explained in a detail manner and some of themost used methods in Time Series Analysis are also explained in a very goodmanner. Mainly the results section includes the description of the market situationin Swedish and Indian electricity markets comparison, which includes Powerinstalled capacity, electricity generation, main renewable technologies andpolicies to increase the renewable energy share in total electricity generated.After this analysis, the strengths and weakness of both markets are presented andthe main problems of Swedish electricity system like dependency for nuclearpower, uncertainty for solar electricity generation and the Indian electricitysystem problems like high losses in power system, power quality issues, and veryless focus on energy mix with renewable systems.Finally, due to the quick development of the energy sector in the last few yearsto reach a new design for the electricity market, different kinds ofrecommendations for the future have been considered.