Energy Markets & Organisations

Description

Programme

This course concerns a 1-day online workshop covering the following topics:

• • Markets
    • Time horizon
      • Balancing, spot and term markets
    • Structure
      • Continuous trading vs. auctions
  • Stakeholders in the markets

• • • The roles of parties acting in or relating to the markets
      • Market participants
      • Brokerage firms
      • Trading venues
      • Clearing organisations
      • System operators
      • Policy makers
      • Regulators
    • Their relations and their interactions

• • Industry bodies

• • • Producer confederacies (e.g. IOGP, AFEER)
    • Trader federations (e.g. ISDA, EFET, NAET)
    • Brokers associations (e.g. EVIA)
    • Exchange alliances (e.g. Europex)
    • System operator coalitions (e.g. ENTSO-E)
    • Regulator blocs (e.g. CEER)

• • The trading organisation

• • • Functions
      • Business functions
        • Trading
        • Analytics
      • Control functions
        • Risk management
        • Auditing
        • Trade compliance
        • Trade surveillance
      • Support functions
        • Trading operations
          • Clearing, settlement
          • Nomination, allocation, reconciliation
    • Their interactions with the outer world