THE ENERGY MARKETS COURSE
A Four Day Seminar
Gas and power markets are increasingly complex as liberalisation takes hold and market structures and operations change. MJMEnergy's four-day Energy Markets Course provides a thorough grounding in the theories, practice and operations of gas and electricity utility businesses.
The course is ideal as an introduction for new entrants to utility companies, gas producers and power generators, as well as for lawyers and other firms needing to understand energy markets.
Course Aims:
To enable delegates to acquire a comprehensive
understanding of modern electricity and gas
utility markets, backed up by practical
examples and workshops.
Suitable for:
- Graduate entrants to energy companies
- Experienced staff shifting into gas and power roles
- Lawyers, consultants and regulators needing to understand energy markets
Download course outline (1.4MB) pdf
- Day 1: Physical gas and electricity systems
Day 1: Physical gas and electricity systems - Morning Session
- Introduction to energy
- What is gas
- What is electricity
- Energy units
- Other fuels
- Gas Production
- How gas is formed
- Global gas resources
- How gas is produced
- Gas processing
- Economics of production
- Power generation
- Principles of power generation
- Power generation technologies
- Power generation operations
- Environmental issues
- Economics of generation
Day 1: Physical gas and electricity systems - Afternoon Session
- Transportation networks - gas and electricity
- Principles of gas transportation
- Transmission and distribution
- Principles of electricity transportation
- Transmission and distribution
- Distributed generation
- Economics of transportation
- End-user markets - consumption
- Gas users
- Electricity users
- Load profiles and patterns
- Gas markets around the world
- Electricity markets around the world
- Supply/Demand matching
- Why balancing matters?
- Gas system balancing
- Demand variation
- Storage
- Swing
- Interruption
- Electricity system balancing
- Demand variation
- Swing generation
- Ancillary services
- Exercise 1: Assessing and valuing asset options
- Day 2: Commercial Energy Markets
Day 2: Commercial Energy Markets - Morning Session
- Market structure and market development
- Traditional energy market structure
- Privatisation and liberalisation
- Competitive market models
- EU market liberalisation and regulation
- EU energy markets and players
- Overview of major markets
- Competitive analysis - major players
- Contracts
- Types of contract
- Long-term contracts
- Take-or-pay
- Price indexation
- Force majeure
- Related infrastructure
- Short-term contracts
Day 2: Commercial Energy Markets - Afternoon Session
- Energy company operations
- Investment
- Connections
- Transportation
- Metering
- Invoicing
- Balancing
- Scheduling
- Booking capacity
- Trading
- Exercise 2: Trading and balancing
- Day 3: Energy Trading
Day 3: Energy Trading - Morning Session
- Principles of trading
- Why trade?
- Market structure
- Market fundamentals
- Market prices
- Gas trading markets in Europe
- Supply/demand
- Major players
- Contracts and markets
- Trends
Day 3: Energy Trading - Afternoon Session
- Electricity trading markets in Europe
- Supply/demand
- Major players
- Contracts and markets
- Trends
- Risk management
- What is risk?
- Approaches to risk
- Risk management strategies
- Risk management tools
- Exercise 3: Risk management and hedging
- Day 4: World Energy Issues
Day 4: World Energy Issues - Morning Session
- The politics of power
- Geopolitical issues
- World energy resources
- The Great Game
- The future of energy
- LNG chain
- Liquefaction
- Shipping
- Regasification
- LNG contracts
- Traditional LNG pricing
Day 4: World Energy Issues - Afternoon Session
- LNG short-term trading
- What is LNG trading?
- LNG trading contracts
- Spot LNG pricing
- Global price arbitrage
- Environmental issues
- Kyoto and Emissions trading
- Clean coal and carbon capture
- Emissions controls
- Exercise 4: Politics and prices - discussion and review
- Oxford: 1st - 4th November 2010
We reserve the right to change the venue, dates and programme at our discretion.
(overnight accommodation is not included in this price.)
CPD Credit now available for all participating Solicitors* and Accountants**
*All of our courses are CPD accredited by IGEM
(The Institute of Gas Engineers and Managers)
and The Solicitor's Regulation Authority.
**Attendance may also contribute to meeting
requirements under the terms of the ICAEW's CPD
policy for accountants. (Visit www.icaew.co.uk
for full details).