Course description
This live virtual training course, delivered over four sessions, will provide participants with a comprehensive knowledge and understanding of the UK and European electricity markets. It will explore the complexity of the markets and provide insight into the risks and opportunities that these markets provide.
Upcoming start dates
1 start date available
Suitability - Who should attend?
- New or experienced emissions, oil, gas, power and coal traders or brokers
- Technical and financial staff in companies with an emissions exposure
- Managers with responsibility for trading desks
- Senior managers, lawyers, accountants and auditors who need to understand compliance with emissions regulations.
Training Course Content
Day 1
- Global Electricity Markets in Transition
- Power Price Dynamics
- Comparing spot with forward volatility: spikes and mean-reversion
- Causes of seasonality
- Exercise: Electricity Pricing
Day 2
- Electricity Value Chain and its risks
- Fuels, Generation, Transmission & Distribution, Wholesale, Carbon and retail
- Forward sales, retail supply, fuel, CO2, Freight, hedges etc.
- Market, Credit ,Operational, Legal and regulatory , Business ,Strategic and Reputation Risk
- Electricity Markets: Physical and Financial Trading
- Exercise: Electricity Forward Curves
Day 3
- Physical Electricity Trading Markets
- How to develop a bidding strategy for the power exchange
- How the portfolican be managed
- Exercise: Spot Market: Producing a sample bid on the spot market for a generator
- Electricity Trading and Risk Management
- Cash flow, counterparty and commodity risk
- Arbitrage
- Cross-regional optimisation
- Cross commodity optimisation
- Timing decisions
Day 4
- Electricity Forwards, Futures and Swaps: The Basics
- Basics of Electricity Options
- Spread Trading
- Final Exercise: Asset and Portfolio Trading
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ICE Education
5th Floor, Milton Gate, Chiswell Street
EC1Y 4SA London
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