Objective: To provide an understanding of the essential elements of the NZ electricity supply system and the wholesale electricity market, in particular, along with elements of the retail market and hedge market.

The course includes a number of rounds of our spot market trading game which simulates the process by which traders submit offers to generate into the market each half hour.  The trading game enhances your understanding of the course material and gives insights into the dynamics of the real spot market.

Videos:  Prior to the course, participants should watch this short video covering "electricity basics" as preparation for the course.

• Introduction
  Market Overview
  Spot, hedge, retail, frequency keeping and ancillary markets
  Cash flows for generators and retailers
  Generation, retail, transmission, distribution, consumers
  Governing legislation and market rules
  Electricity power flows and concepts
  Energy conversions and units
• Transmission: The Grid
  AC grid
  The HVDC link and inter-island power flows
  Losses and line limits
  Transmission and line charges
• Demand
  Total demand for electricity in New Zealand
  Demand growth - history and projections
  Seasonal demand profiles
  Embedded generation and grid off-take
  Metering and reconciliation
• Supply
  Types of generator and basic characteristics, fuels and renewable sources, generation by fuel type
  Hydro, thermal, geothermal, wind and cogeneration
• The Wholesale Spot and Ancillary Markets
  Role of the System Operator in Dispatch
  Offers & Bids
  Market models
  Reserves and frequency keeping
• Cost of Supply
  Fuel use and efficiency of thermal generators, heat rate
  Fuel cost calculations
  Long run and short run costs
• Electricity Price Behaviour
  Understanding historical price patterns and their origin
• The Retail and Hedge Markets
  Retail TOU contracts
  Understanding hedge contracts

NB: Electricity market course material may vary from the above on the day

Prices are GST exclusive - Download Course PDF

We have overflow courses set up. These courses are intended to run when there are enough attendees to proceed. Please get in touch if you would like to enroll in these courses, and we will add you to the waiting list.