Hedging Electricity
The prices shown below 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.
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.
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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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Updating...
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.