Price | £1,950.00 + VAT | ||
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Duration | 4 days | ||
Location | Virtual - EMEA/Asian Time Zone | ||
Available Dates |
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Day 1
Global Electricity Markets in Transition
Power Price Dynamics
o Comparing spot with forward volatility: spikes and mean-reversion
o Causes of seasonality
Exercise: Electricity Pricing
Day 2
Electricity Value Chain and its risks
o Fuels, Generation, Transmission & Distribution, Wholesale, Carbon and retail
o Forward sales, retail supply, fuel, CO2, Freight, hedges etc.
o 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
o How to develop a bidding strategy for the power exchange
o How the portfolio can be managed
Exercise: Spot Market: Producing a sample bid on the spot market for a generator
Electricity Trading and Risk Management
o Cash flow, counterparty and commodity risk
o Arbitrage
o Cross-regional optimisation
o Cross commodity optimisation
o Timing decisions
Exercise: MGM Hedging disaster
Day 4
Electricity Forwards, Futures and Swaps: The Basics
Exercise: Electricity Forwards , Futures and Swaps
Basics of Electricity Options
o Cap, floor
o Collars
Spread Trading
Final Exercise: Asset and Portfolio Trading