Course Description
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.
Course Aims
To enable delegates to acquire a comprehensive understanding of modern electricity and gas utility markets, backed up by practical examples and workshops.
Course Content
Hover over the Module Titles for more information.
- 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
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 the course outline here.Our terms & conditions are available here.