The Power Industry

In this introductory course, you will become familiar with what electricity is and how it is generated and moved to the outlet in offices and homes. We shall also examine the market participants and the basic principles of how the electricity markets are structured and what impacts those markets. There are no pre-requisites for this course and no prior knowledge on the subject is required.

This course provides an overview of the fundamentals of the European power market, covering market structure, supply, demand and power flows. You’ll learn how liberalization is changing the structure of the power industry in Europe. We’ll review the different fuels used for power generation, and the factors affecting the generation mix in Europe. We’ll also cover the key factors affecting power demand and future consumption trends. You’ll understand how electricity is transmitted across Europe, including key power flows. Finally this course will provide an overview of the outlook for the European power market, including the likely impact of environmental legislation. Delegates taking this course should already have successfully completed PrincetonLive.com's Introduction to the Power Industry and/or Power Trading in Europe, or have equivalent knowledge.

This introductory course gives an overview of the electric power industry and power trading markets in Europe. Those who attend will learn the basics of how electricity is generated and transmitted, and the fundamentals of electricity supply and demand in Europe. The course also addresses the trading of electricity in liberalised markets and the design of electricity markets, including exchange-based and over-the-counter trading and balancing mechanisms. Specific aspects of key markets, including the French, German, Nordic and UK markets, are covered.

This two-day workshop provides an introduction to the supply value chains and trading of oil, gas, coal and power. The course also covers the basics of the emissions trading market. Topics explored include quality issues, market fundamentals, trading patterns and locations, pricing mechanisms and transportation.

The course is designed to give an overview of worldwide energy markets, but its focus is the Asia-Pacific market.

The course is highly interactive and delegates will get the chance to participate in exercises, case studies and physical trading simulations.

Demand for electric power can fluctuate over very short time intervals yet cannot easily be stored. Transmission over long distances may result in appreciable losses. There is an ever increasing concern for the effect of power generation on the environment. And yet increasing standards of living have to be reconciled with the related increasing consumption and fluctuating demand of electric power. This course focuses on the use of natural gas and its role in a competitive market using various fuels, technologies and sizes of plant. It attempts to produce some ideas and considerations for reconciling at least some of these factors.

This three-day workshop provides a comprehensive introduction to the supply value chains and trading of oil, gas, coal and power. The course also covers the basics of the emissions trading market. Topics explored include quality issues, market fundamentals, trading patterns and locations, trading instruments and pricing mechanisms and transportation. Delegates will get a flavor of the trading markets for each commodity through competitive team trading simulations.

The principal aim of this course is to expose delegates to a comprehensive training on power and gas trading and risk management in an applied context.

The course will enable participants to gain a practical working knowledge of gas and power market structure, main players and common traded instruments. Delegates will gain a practical understanding of the various dimensions of risk in gas and power markets and the various tools to manage and transfer those risks.

We will present new approaches to hedge energy exposures with derivatives as well as useful techniques to unbundle gas and power structures in long term contracts and physical assets. Particular emphasis is placed on the use of derivatives as well as physical assets and contracts to manage price, credit, volumetric, and operations risk.