Göran Andersson is Fellow of the Institute of Electrical and Electronic Engineers (IEEE) (1997), the Royal Swedish Academy of Sciences (1994), the Royal Swedish Academy of Engineering Sciences (1992), the Royal Physiographic Society (2010), the Swiss Academy of Engineering Sciences (2015), and a Foreign Member of the US National Academy of Engineering (2016).

He is the recipient of the IEEE PES Outstanding Power Educator Award (2007), the George Montefiori International Award in Electrical Engineering (2011), and the IEEE PES Prabha S. Kundur Power System Dynamics and Control Award (2016)