Current Courses
All of our upcoming energy market courses are listed below.
The prices shown are exclusive of GST. A green tick indicates that seats are available. A red cross indicates that seats are sold out.
An early payment discount is only available if the course fee is paid in full on, or by, the indicated early payment discount date below.
The “EL0 + ELNP1 + ELRisk” products are for all three courses in a session: this bundle attracts a 10% discount on the individual course prices.
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EL0 + ELNP1 + ELRisk Auckland 4th-6th September 2012 |  | Price: $3,170.00 Early Discount:$2,853.00 (special ends 31 Aug 2012) | |
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All three courses in the September session: Intro to the Electricity Market, Nodal Pricing, Hedging Electricity |
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EL0 + ELNP1 + ELRisk Auckland 8th-10th May 2012 | | Price: $3,170.00 Early Discount:$2,853.00 (special ends 04 May 2012) | |
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All three courses in the May session: Intro to the Electricity Market, Nodal Pricing, Hedging Electricity |
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EL0 + ELNP1 + ELRisk Wellington 13th-15th March 2012 | | Price: $3,170.00 Early Discount:$2,853.00 (special ends 09 Mar 2012) | |
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All three courses in the March session: Intro to the Electricity Market, Nodal Pricing, Hedging Electricity |
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EL0 + ELNP1 + ELRisk Wellington 13th-15th November 2012 | | Price: $3,170.00 Early Discount:$2,853.00 (special ends 09 Nov 2012) | |
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All three courses in the November session: Intro to the Electricity Market, Nodal Pricing, Hedging Electricity |
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EL0 + ELNP1 + ELRisk Wellington 17th-19th July 2012 | | Price: $3,170.00 Early Discount:$2,853.00 (special ends 13 Jul 2012) | |
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All three courses in the July session: Intro to the Electricity Market, Nodal Pricing, Hedging Electricity |
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ELNP1: Nodal Pricing of Electricity Auckland 5th September 2012 | | Price: $1,275.00 Early Discount:$1,147.50 (special ends 31 Aug 2012) | |
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Code: ELNP1
Objective: To provide a working knowledge of nodal dispatch and pricing as it applies to the New Zealand electricity spot market, including simple formulae to apply and the ability to recognise the cause of certain nodal pricing effects.
Prerequisites: EL0. Alternatively, some familiarity with the electricity spot market including an overview knowledge of the SPD and RMT models, and with the processes and timing of publication of final, and other prices.
Market Processes and Models for Dispatch and Pricing Dispatch and pricing processes Marginal pricing Dispatch and pricing models – SPD and RMT Dispatch cost function Constraints in dispatch and pricing models Shadow prices Nodal energy prices and reserve prices defined Losses and constraints surplus Scarcity pricing
One Node ‘Markets’ Dispatch and pricing of energy Reserves risk offsets Dispatch and pricing of reserve Dispatch and pricing effects for energy-reserve constrained dispatch Dispatch and pricing dominated by reserves
Adding Lines and Losses Pricing effects of losses in AC and DC lines Linear versus quadratic losses Contribution of losses to the losses and constraints surplus Loss modelling in SPD
Congested Networks Line limits Pricing effects of simple line constraints Contribution of constrained lines to the losses and constraints surplus “Spring washer effect” due to line constraints in loops in the Grid
Note: Only simple arithmetic is used in this course. Simple examples using a few nodes at most are used to assist learning. Course material may also vary from the above on the day.
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ELNP1: Nodal Pricing of Electricity Auckland 9th May 2012 | | Price: $1,275.00 Early Discount:$1,147.50 (special ends 04 May 2012) | |
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Code: ELNP1
Objective: To provide a working knowledge of nodal dispatch and pricing as it applies to the New Zealand electricity spot market, including simple formulae to apply and the ability to recognise the cause of certain nodal pricing effects.
Prerequisites: EL0. Alternatively, some familiarity with the electricity spot market including an overview knowledge of the SPD and RMT models, and with the processes and timing of publication of final, and other prices.
Market Processes and Models for Dispatch and Pricing Dispatch and pricing processes Marginal pricing Dispatch and pricing models – SPD and RMT Dispatch cost function Constraints in dispatch and pricing models Shadow prices Nodal energy prices and reserve prices defined Losses and constraints surplus Scarcity pricing
One Node ‘Markets’ Dispatch and pricing of energy Reserves risk offsets Dispatch and pricing of reserve Dispatch and pricing effects for energy-reserve constrained dispatch Dispatch and pricing dominated by reserves
Adding Lines and Losses Pricing effects of losses in AC and DC lines Linear versus quadratic losses Contribution of losses to the losses and constraints surplus Loss modelling in SPD
Congested Networks Line limits Pricing effects of simple line constraints Contribution of constrained lines to the losses and constraints surplus “Spring washer effect” due to line constraints in loops in the Grid
Note: Only simple arithmetic is used in this course. Simple examples using a few nodes at most are used to assist learning. Course material may also vary from the above on the day.
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ELNP1: Nodal Pricing of Electricity Wellington 14th March 2012 | | Price: $1,275.00 Early Discount:$1,147.50 (special ends 09 Mar 2012) | |
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Code: ELNP1
Objective: To provide a working knowledge of nodal dispatch and pricing as it applies to the New Zealand electricity spot market, including simple formulae to apply and the ability to recognise the cause of certain nodal pricing effects.
Prerequisites: EL0. Alternatively, some familiarity with the electricity spot market including an overview knowledge of the SPD and RMT models, and with the processes and timing of publication of final, and other prices.
Market Processes and Models for Dispatch and Pricing Dispatch and pricing processes Marginal pricing Dispatch and pricing models – SPD and RMT Dispatch cost function Constraints in dispatch and pricing models Shadow prices Nodal energy prices and reserve prices defined Losses and constraints surplus Scarcity pricing
One Node ‘Markets’ Dispatch and pricing of energy Reserves risk offsets Dispatch and pricing of reserve Dispatch and pricing effects for energy-reserve constrained dispatch Dispatch and pricing dominated by reserves
Adding Lines and Losses Pricing effects of losses in AC and DC lines Linear versus quadratic losses Contribution of losses to the losses and constraints surplus Loss modelling in SPD
Congested Networks Line limits Pricing effects of simple line constraints Contribution of constrained lines to the losses and constraints surplus “Spring washer effect” due to line constraints in loops in the Grid
Note: Only simple arithmetic is used in this course. Simple examples using a few nodes at most are used to assist learning. Course material may also vary from the above on the day.
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ELNP1: Nodal Pricing of Electricity Wellington 14th November 2012 | | Price: $1,275.00 Early Discount:$1,147.50 (special ends 09 Nov 2012) | |
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Code: ELNP1
Objective: To provide a working knowledge of nodal dispatch and pricing as it applies to the New Zealand electricity spot market, including simple formulae to apply and the ability to recognise the cause of certain nodal pricing effects.
Prerequisites: EL0. Alternatively, some familiarity with the electricity spot market including an overview knowledge of the SPD and RMT models, and with the processes and timing of publication of final, and other prices.
Market Processes and Models for Dispatch and Pricing Dispatch and pricing processes Marginal pricing Dispatch and pricing models – SPD and RMT Dispatch cost function Constraints in dispatch and pricing models Shadow prices Nodal energy prices and reserve prices defined Losses and constraints surplus Scarcity pricing
One Node ‘Markets’ Dispatch and pricing of energy Reserves risk offsets Dispatch and pricing of reserve Dispatch and pricing effects for energy-reserve constrained dispatch Dispatch and pricing dominated by reserves
Adding Lines and Losses Pricing effects of losses in AC and DC lines Linear versus quadratic losses Contribution of losses to the losses and constraints surplus Loss modelling in SPD
Congested Networks Line limits Pricing effects of simple line constraints Contribution of constrained lines to the losses and constraints surplus “Spring washer effect” due to line constraints in loops in the Grid
Note: Only simple arithmetic is used in this course. Simple examples using a few nodes at most are used to assist learning. Course material may also vary from the above on the day.
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ELNP1: Nodal Pricing of Electricity Wellington 18th July 2012 | | Price: $1,275.00 Early Discount:$1,147.50 (special ends 13 Jul 2012) | |
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Code: ELNP1
Objective: To provide a working knowledge of nodal dispatch and pricing as it applies to the New Zealand electricity spot market, including simple formulae to apply and the ability to recognise the cause of certain nodal pricing effects.
Prerequisites: EL0. Alternatively, some familiarity with the electricity spot market including an overview knowledge of the SPD and RMT models, and with the processes and timing of publication of final, and other prices.
Market Processes and Models for Dispatch and Pricing Dispatch and pricing processes Marginal pricing Dispatch and pricing models – SPD and RMT Dispatch cost function Constraints in dispatch and pricing models Shadow prices Nodal energy prices and reserve prices defined Losses and constraints surplus Scarcity pricing
One Node ‘Markets’ Dispatch and pricing of energy Reserves risk offsets Dispatch and pricing of reserve Dispatch and pricing effects for energy-reserve constrained dispatch Dispatch and pricing dominated by reserves
Adding Lines and Losses Pricing effects of losses in AC and DC lines Linear versus quadratic losses Contribution of losses to the losses and constraints surplus Loss modelling in SPD
Congested Networks Line limits Pricing effects of simple line constraints Contribution of constrained lines to the losses and constraints surplus “Spring washer effect” due to line constraints in loops in the Grid
Note: Only simple arithmetic is used in this course. Simple examples using a few nodes at most are used to assist learning. Course material may also vary from the above on the day.
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ELRisk: Hedging Electricity Auckland 10th May 2012 | | Price: $1,275.00 Early Discount:$1,147.50 (special ends 04 May 2012) | |
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An Introduction to Risk Management in the Electricity Market
Code: ELRisk
Objective: To provide a practical introduction to the hedge market, and to techniques and methods for hedging price risk in electricity markets, with an emphasis on developing skills in working with and applying common forms of hedge contract.
Prerequisites: EL0, with ELNP1 also being useful background. Alternatively, familiarity with key elements of the electricity supply system including the Grid, metering and various types of generation. Some familiarity with the behaviour of prices from the spot market is also useful.
The course includes a number of rounds of our hedging simulation which simulates the process by which hedging decisions are made.
Introduction What is a hedge? Common supply arrangements – ‘contracts for differences’, ‘fixed price variable volume’ Volatility in the electricity spot market Attitudes to risk, risk premiums
Hedging Electricity Securities Markets Act Contracts for differences Swaps and options Futures and swaptions Financial transmission rights (FTRs) The spot market’s ‘losses and constraints surplus’
Hedging Strategy Location factor adjustments Optimum generation with hedges in place Using FTRs Timing of hedge transactions Building a “hedge book” The forward curve The role of forecasts Pricing and valuing futures, swaps and options Modelling hedge strategies Stress testing
The Hedge Market The hedge market in New Zealand Hedge market liquidity
Miscellaneous The ISDA agreement Front, middle and back offices Fair value and hedge accounting
NB: Course material may vary from the above on the day.
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ELRisk: Hedging Electricity Auckland 6th September 2012 | | Price: $1,275.00 Early Discount:$1,147.50 (special ends 31 Aug 2012) | |
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An Introduction to Risk Management in the Electricity Market
Code: ELRisk
Objective: To provide a practical introduction to the hedge market, and to techniques and methods for hedging price risk in electricity markets, with an emphasis on developing skills in working with and applying common forms of hedge contract.
Prerequisites: EL0, with ELNP1 also being useful background. Alternatively, familiarity with key elements of the electricity supply system including the Grid, metering and various types of generation. Some familiarity with the behaviour of prices from the spot market is also useful.
The course includes a number of rounds of our hedging simulation which simulates the process by which hedging decisions are made.
Introduction What is a hedge? Common supply arrangements – ‘contracts for differences’, ‘fixed price variable volume’ Volatility in the electricity spot market Attitudes to risk, risk premiums
Hedging Electricity Securities Markets Act Contracts for differences Swaps and options Futures and swaptions Financial transmission rights (FTRs) The spot market’s ‘losses and constraints surplus’
Hedging Strategy Location factor adjustments Optimum generation with hedges in place Using FTRs Timing of hedge transactions Building a “hedge book” The forward curve The role of forecasts Pricing and valuing futures, swaps and options Modelling hedge strategies Stress testing
The Hedge Market The hedge market in New Zealand Hedge market liquidity
Miscellaneous The ISDA agreement Front, middle and back offices Fair value and hedge accounting
NB: Course material may vary from the above on the day.
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ELRisk: Hedging Electricity Wellington 15th March 2012 | | Price: $1,275.00 Early Discount:$1,147.50 (special ends 09 Mar 2012) | |
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An Introduction to Risk Management in the Electricity Market
Code: ELRisk
Objective: To provide a practical introduction to the hedge market, and to techniques and methods for hedging price risk in electricity markets, with an emphasis on developing skills in working with and applying common forms of hedge contract.
Prerequisites: EL0, with ELNP1 also being useful background. Alternatively, familiarity with key elements of the electricity supply system including the Grid, metering and various types of generation. Some familiarity with the behaviour of prices from the spot market is also useful.
The course includes a number of rounds of our hedging simulation which simulates the process by which hedging decisions are made.
Introduction What is a hedge? Common supply arrangements – ‘contracts for differences’, ‘fixed price variable volume’ Volatility in the electricity spot market Attitudes to risk, risk premiums
Hedging Electricity Securities Markets Act Contracts for differences Swaps and options Futures and swaptions Financial transmission rights (FTRs) The spot market’s ‘losses and constraints surplus’
Hedging Strategy Location factor adjustments Optimum generation with hedges in place Using FTRs Timing of hedge transactions Building a “hedge book” The forward curve The role of forecasts Pricing and valuing futures, swaps and options Modelling hedge strategies Stress testing
The Hedge Market The hedge market in New Zealand Hedge market liquidity
Miscellaneous The ISDA agreement Front, middle and back offices Fair value and hedge accounting
NB: Course material may vary from the above on the day.
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ELRisk: Hedging Electricity Wellington 15th November 2012 | | Price: $1,275.00 Early Discount:$1,147.50 (special ends 09 Nov 2012) | |
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An Introduction to Risk Management in the Electricity Market
Code: ELRisk
Objective: To provide a practical introduction to the hedge market, and to techniques and methods for hedging price risk in electricity markets, with an emphasis on developing skills in working with and applying common forms of hedge contract.
Prerequisites: EL0, with ELNP1 also being useful background. Alternatively, familiarity with key elements of the electricity supply system including the Grid, metering and various types of generation. Some familiarity with the behaviour of prices from the spot market is also useful.
The course includes a number of rounds of our hedging simulation which simulates the process by which hedging decisions are made.
Introduction What is a hedge? Common supply arrangements – ‘contracts for differences’, ‘fixed price variable volume’ Volatility in the electricity spot market Attitudes to risk, risk premiums
Hedging Electricity Securities Markets Act Contracts for differences Swaps and options Futures and swaptions Financial transmission rights (FTRs) The spot market’s ‘losses and constraints surplus’
Hedging Strategy Location factor adjustments Optimum generation with hedges in place Using FTRs Timing of hedge transactions Building a “hedge book” The forward curve The role of forecasts Pricing and valuing futures, swaps and options Modelling hedge strategies Stress testing
The Hedge Market The hedge market in New Zealand Hedge market liquidity
Miscellaneous The ISDA agreement Front, middle and back offices Fair value and hedge accounting
NB: Course material may vary from the above on the day.
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ELRisk: Hedging Electricity Wellington 19th July 2012 | | Price: $1,275.00 Early Discount:$1,147.50 (special ends 13 Jul 2012) | |
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An Introduction to Risk Management in the Electricity Market
Code: ELRisk
Objective: To provide a practical introduction to the hedge market, and to techniques and methods for hedging price risk in electricity markets, with an emphasis on developing skills in working with and applying common forms of hedge contract.
Prerequisites: EL0, with ELNP1 also being useful background. Alternatively, familiarity with key elements of the electricity supply system including the Grid, metering and various types of generation. Some familiarity with the behaviour of prices from the spot market is also useful.
The course includes a number of rounds of our hedging simulation which simulates the process by which hedging decisions are made.
Introduction What is a hedge? Common supply arrangements – ‘contracts for differences’, ‘fixed price variable volume’ Volatility in the electricity spot market Attitudes to risk, risk premiums
Hedging Electricity Securities Markets Act Contracts for differences Swaps and options Futures and swaptions Financial transmission rights (FTRs) The spot market’s ‘losses and constraints surplus’
Hedging Strategy Location factor adjustments Optimum generation with hedges in place Using FTRs Timing of hedge transactions Building a “hedge book” The forward curve The role of forecasts Pricing and valuing futures, swaps and options Modelling hedge strategies Stress testing
The Hedge Market The hedge market in New Zealand Hedge market liquidity
Miscellaneous The ISDA agreement Front, middle and back offices Fair value and hedge accounting
NB: Course material may vary from the above on the day.
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