Overview of European Gas and Power (VIRTUAL CLASSROOM) - EGPV 

CPE Credits Awarded: 8
Categories: The Natural Gas Industry , The Power Industry, Online Training

Course Date Duration Venue Price Registration Deadline Register
07 Dec 2020 4 Days Globally Online - London Time Country: gb
£ (GPB)1,199.00+20%VAT
4 Dec 2020
19 Apr 2021 4 Days Globally Online - London Time Country: gb
£ (GPB)1,199.00+20%VAT
19 Mar 2021

UPCOMING SCHEDULE DETAILS:

7-10 December 2020  London Timing
Session 1: 7 December 2020 
 10:00 - 12:00 GMT
Session 2: 8 December 2020 
 10:00 - 12:00 GMT
Session 3: 9 December 2020 
 10:00 - 12:00 GMT
Session 4: 10 December 2020  10:00 - 12:00 GMT

 

19 - 22 April 2021  London Timing
Session 1: 19 April 2021 
 10:00 - 12:00 BST
Session 2: 20 April 2021 
 10:00 - 12:00 BST
Session 3: 21 April 2021   
 10:00 - 12:00 BST
Session 3: 22 April 2021   10:00 - 12:00 BST

 

COURSE SUMMARY

Overview of European Gas and Power is a VIRTUAL classroom course presented by the energy training experts at Mennta Energy Solutions.

This workshop is designed to provide an introductory overview of natural gas and electricity within Europe. Delegates will learn the general principles of how gas and power markets work and how energy trading is carried out in the various different types of markets.

This virtual solution is comprised of four live instructor-led sessions hosted on state-of-the-art training software with video, audio, chat, live polls, competitive quizzes, breakout sessions and much more!  See recorded demonstrations here.  The program will also include several self-study assignments to maximize the time with the instructor.

WHO SHOULD ATTEND?

The course is ideal for anyone who needs an introduction to the European gas and power markets. The course would also be suitable as an introductory foundation course for someone just starting out, or making the transition to gas and power trading from other markets.

COURSE CONTENTS

Prerequisite to Session 1 Self-Study Assignment:  4 Hours On-Demand

  • Overview of the Natural Gas Industry
    • Point out natural gas’ unique characteristics
    • Distinguish all components of the natural gas supply chain
    • Identify what valuable products are stripped from the raw gas stream
    • Match storage facilities with specific customer requirements
    • Distinguish between the distinct roles of the various gas market participants
    • Distinguish the differences between natural gas hedging and trading
  • European Power Markets and Infrastructure
    • Recognize the structure of the power industry in Europe, and how regulation is changing this structure.
    • Identify the different fuels used for power generation, and the factors affecting the generation mix in Europe.
    • Identify the various types of power demand and the consumption trends in Europe.
    • Point out how electricity is transmitted across Europe, including key power flows.
    • Recognize the outlook for the European power market, including the likely impact of environmental legislation.

Virtual Instructor-Led Sessions:   4 Sessions, 2 Hours per Session

  • Characteristics of Gas and Power and their Markets
    • retail commodities
    • expensive, shared infrastructure
    • capacity and commodity
    • the need for reliability in energy delivery
    • the importance of volume flexibility
    • short-term trading and price volatility
    • cross-commodity market linkages
  • European Market Liberalisation and Regulation
    • historical and liberalized market structures
    • EU energy market objectives
    • key concepts in the EU liberalisation programme
    • overview of EU legislation and processes
    • the goals of single internal markets for gas and power
    • regulation of energy trading
  • Measurement and Units
    • SI units of energy
    • Energy and power
    • Gas and electricity units
  • European Natural Gas Fundamentals
    • the natural gas supply chain
    • global reserves and trade flows
    • European gas reserves and production
    • European sources of natural gas
    • natural gas quality issues in Europe
    • European gas consumption
    • key European pipeline and LNG infrastructure
    • gas storage in Europe
  • European Power Fundamentals
    • the electricity supply chain
    • end uses of electricity in Europe
    • production of electricity in Europe – fuel mix
    • capacity, generation, efficiency
    • key types of generation technology
    • load shapes, generation merit order
    • base load and peaking power plants
    • transmission and cross-border trade flows
  • European Gas and Power Market Design
    • Pools and bilateral trading markets
    • balancing of gas and power networks
    • split of responsibility between network operators and users
    • European approach to balancing
    • Capacity products in gas and power
    • Transmission pricing principles
    • Capacity allocation principles
    • Congestion management principles
    • European approach to capacity allocation and congestion management
    • Market coupling of electricity markets
  • Gas and Power Trading
    • The role of trading markets
    • Long-term contracts and wholesale trading markets
    • Geographical arrangement of gas and electricity markets
    • Trading hubs, zones and regions
    • Market coupling schemes
    • OTC and exchange-based trading
    • Price drivers in gas and power markets
  • Interactive content during the VILT sessions will include:
    • Exercises carried out during the VILT sessions, in breakout groups, on merit order in power generation, European power generation mix, gas and power characteristics.
    • A multi-round gas supply exercise, which would be introduced during the VILT sessions and played by delegates in their own time between VILT sessions. 

FACULTY

Mary Jackson has over 15 years of experience in the energy industry. She began her career at BP working in the information management group, then later rose to a trading analyst in the supply and trading department. She subsequently joined Saladin as an energy consultant to provide consultancy advice and training on energy market analysis, trading and risk management to clients throughout the world. In several senior roles at Saladin, she managed the energy consulting team, ran the energy market information service and directed strategy for new software and information product development, including the development of a new internet based trading system. After leaving Saladin, Mary worked as an independent energy market consultant until she formed Kingston Energy Consulting in 2002. She has lectured regularly for Mennta Energy Solutions on energy markets, trading and risk management and is also a regular speaker and panel member at public conferences. She has written articles for industry publications including Harts Energy Markets, Energy and Power Risk Management, Global Energy Business and Petroleum Review. Mary obtained a bachelor's honours degree from Bristol University and a master's degree from London University.

Nigel Harris is a director and principal consultant at Kingston Energy Consulting, which he founded with Mary Jackson in 2002. He has been helping energy traders to analyse and understand the markets for over 25 years, initially as a developer of market analysis software systems, and more recently as a consultant. At Kingston Energy Consulting, his main focus is on providing education and information transfer to participants in the energy trading business, through instructor-led classroom training, web-based training development, research projects, workshops, briefings and research-based report writing. In his work with Mennta Energy Solutions, he has created a library of new instructor-led and web-based courses on European gas and power markets and trading. In 2005, he worked with Mary Jackson to develop the popular Oil Trading Orientation course, which has since been presented at venues all over the world. He has also extensively revised and updated many existing courses on derivatives, hedging and risk management.  He regularly presents this material both at public venues and as in-house, often customised, courses. He is co-author of a series of highly regarded reports on European natural gas trading and has also contributed to reports on power markets and oil trading. In previous roles, he was a key member of the team that initially designed and developed Saladin’s innovative Petroleum Analysis Workstation, a system that became an industry standard for historical price analysis during the 1990s and remained in use in the industry for two decades. During this period, he worked closely and extensively with oil and gas traders around the world to understand their information and analytical requirements. He also spent some years as an independent consultant, working mainly with software and information providers to help them better understand the oil and gas trading sectors.


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