The programmes “Power, Power Markets & Trading” are specifically designed to expand students’ knowledge of, and skills with respect to electricity. The programmes cover electricity production, electricity transmission & infrastructure, electricity delivery & consumption, organisation of the European power markets, the role of market participants, regulation of the European electricity markets, the role of governments, tariff setting & taxation, power-related products & their pricing, trading of power, power derivatives, power trading platforms, power asset & portfolio management, asset-backed trading, optimisation of power plants, power trading strategies, and trading-related processes, such as settlement, invoicing, valuation of gas positions & finance.
The educational programme “Power” (Basic level) can be followed onsite (in a class), or online (as elearning package).
The full educational programme includes various modules, study materials, an exam and certification. Students who pass the exam can choose to be registered as Chartered Professional with Entrima’s charter.
The power value chain
Power generation – Facilities & their characteristics
Gross processing margin – Spark & dark spread
Transmission – Cables, TSOs & balancing
Power pricing – The merit order
Power products
Renewables – Impact on pricing
Dispatch – Allocation of facilities, impact of weather & trading
Market coupling – Cross-border transport capacity
Daily auctions – Price curves & matching
Exam & Certification
The programmes “Power, Power Markets & Trading” are specifically designed to expand students’ knowledge of, and skills with respect to electricity. The programmes cover electricity production, electricity transmission & infrastructure, electricity delivery & consumption, organisation of the European power markets, the role of market participants, regulation of the European electricity markets, the role of governments, tariff setting & taxation, power-related products & their pricing, trading of power, power derivatives, power trading platforms, power asset & portfolio management, asset-backed trading, optimisation of power plants, power trading strategies, and trading-related processes, such as settlement, invoicing, valuation of gas positions & finance.
Power forward market
Power exchanges & brokers
Power forwards & futures – The varieties
Power forwards & futures – The application
Power forwards curves – Pricing of power forwards & futures
Hedging power production & consumption capacity
Hedging power transmission capacity
Settlement of power forwards & futures – Part 1
Settlement of power forwards & futures – Part 2
Exam & Certification
The programmes “Power, Power Markets & Trading” are specifically designed to expand students’ knowledge of, and skills with respect to electricity. The programmes cover electricity production, electricity transmission & infrastructure, electricity delivery & consumption, organisation of the European power markets, the role of market participants, regulation of the European electricity markets, the role of governments, tariff setting & taxation, power-related products & their pricing, trading of power, power derivatives, power trading platforms, power asset & portfolio management, asset-backed trading, optimisation of power plants, power trading strategies, and trading-related processes, such as settlement, invoicing, valuation of gas positions & finance.
Accounting – Book structure & internal transfers
Customer portfolio
Physical power assets
Power swaps – Physical settlement
Power swaps – Cash settlement
Power options – Outright options
Power options – Application for hedging purposes
Power options – Embedded optionality
Exam & Certification
The programmes “Power, Power Markets & Trading” are specifically designed to expand students’ knowledge of, and skills with respect to electricity. The programmes cover electricity production, electricity transmission & infrastructure, electricity delivery & consumption, organisation of the European power markets, the role of market participants, regulation of the European electricity markets, the role of governments, tariff setting & taxation, power-related products & their pricing, trading of power, power derivatives, power trading platforms, power asset & portfolio management, asset-backed trading, optimisation of power plants, power trading strategies, and trading-related processes, such as settlement, invoicing, valuation of gas positions & finance.
Power risk management – Value-at-risk of a power position
Power risk management – Risk off-set due to correlation
Power risk management – Value-at-risk of a power portfolio
Power risk management – Off-setting risk (opposing exposures)
Modelling – The real option approach
Modelling – Physical power assets as real options
Modelling – Complexity: Valuation & hedging of spread options
Modelling – Optimizing the hedges
Modelling – Weather elements (precipitation & wind data)
Exam & Certification