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Markets and Behaviour Online Plus

Have you been in the electricity industry for a while but want to dive deeper into how the wholesale, hedging and retail markets work?  Are you wondering how portfolio management decisions are made in this sector?  If so, this is the course for you.

This Online Plus course is suited to people who can’t get out of the office for our full two-day course, or don’t want to have to travel out of town, but would still like the opportunity for interactive Qs and As.  The course is run over 6 weeks with a one-hour videoconference with Stephen and David each week.  You prepare for these chats by reviewing videos, case studies and simulations for between 1-3 hours per week.  At the weekly video chat, we talk over the current market events – wholesale and futures prices, hydrology, demand, and anything in the news, as well as talking through the review material.

Learning Objectives

Our key learning objective of this course is to guide participants into an understanding of market outcomes, the drivers of those, and the commercial tradeoffs made by market participants.

More specifically we will look at:

  • Security and reliability, what the products are, and how this drives market volatility
  • The basic mechanics of the wholesale market, and the value and risk this drives for market participants
  • How participants use physical generation, hedging and consumption channels (e.g., retail) to manage value and risk

In addition to the primers and video tutorials we believe that the most powerful way to explore the many complex interconnections in the industry is through stories.  Case studies will be used to illustrate:

  • The underlying concepts in security management which drive much of the volatility in wholesale markets.  Here we use case studies of the 1998 Auckland CBD Blackout and the 1992 hydro crisis.
  • The tradeoffs inherent in managing a portfolio (whether generation or consumption dominated) in a nodally priced market.  We highlight these tradeoffs through the On Energy case study.

To begin your online training, simply register now online, or email us at admin@whiteboardenergy.co.nz.  Courses can be run at anytime; there is no minimum number of participants.

 

Register nowOnline

Markets and Behaviour Online Plus

Whiteboard's online course for developing an understanding of what drives behaviour and decisions in the industry, market outcomes, and the commercial tradeoffs being made by market participants; with the opportunity for weekly Qs and As with our experts.

Price:

$5,000 for up to 5 people and $500 per additional person (GST excl)

Endorsements
Conrad
"Overall an excellent course. It was rewarding to listen to Dave and Steve’s insights into the NZ electricity industry. The background reading, case studies and demos, lectures and group discussions resulted in a broad understanding of the history and current and future issues facing the New Zealand electricity industry. Well recommended."