ELECTRICITY FUTURES MARKET AND NASCENT ELECTRICITY MARKETS

8 – 9 MAY 2017, KUALA LUMPUR

About The Course

The course will provide a good overview of electricity markets and electricity futures markets around the world, their stages of development, and a first-hand in-depth understanding of the challenges facing nascent power markets when launching a forward or futures market, options of addressing these challenges through product design, incentives, industry engagement and other measures. The course explains the positive effects of a futures market, the new opportunities it brings for utilities’ risk management, as well as regulatory questions.

Learning Outcomes

  • Various electricity markets around the world
  • The business, social and economic benefits of power market liberalization
  • Successful project setup for power market liberalisation
  • Product types and product design that fits the underlying physical electricity market
  • The history and experience of creating electricity futures markets
  • The crucial function of market making in futures, and what functions the market maker has to perform
  • Information sharing and surveillance in futures market that are necessary for market participants to trust and use the market
  • Best/practice risk management in a utility operating in liberalized energy markets
  • Resulting organizational setup of the utility

Who Should Attend

  • Energy industry managers
  • Policy makers and regulators
  • Risk managers
  • Physical and financial exchange staff
  •  There are no prerequisites to attend this course, but a basic understanding of the energy industry and derivative markets will help

There are no prerequisites to attend this course, but a basic understanding of the energy industry and derivative markets will help

Course Faculty - Matthias Obert

Matthias Obert was Head of Power & Gas at SGX until September 2015. He is responsible for the development of the energy business within SGX, comprising derivatives in electricity, LNG, oil and petrochemicals, as well as physical energy business in electricity, gas and LNG.

Prior to SGX, he worked with RWE Supply & Trading as Senior Investment Manager Principal Investments as well as Chief Operating Officer Sales & Origination in London and Geneva. Before this, he was a Consultant with McKinsey & Company, working for European and international clients in the energy, materials and wholesale banking sectors.

Mr. Obert holds a diploma in industrial engineering as well as a doctorate degree from the University of Karlsruhe, Germany, and an MBA from the University of North Carolina, Greensboro, USA.

CASE STUDIES

 

Electricity futures market designs around the world: Western Europe (EEX), Northern Europe (Nordpool), New Zealand (NZEM), Gulf states (GCCIA), etc.

 

Volume growth of a small, isolated electricity derivatives market in the case of NZEM (New Zealand), compared with a high volume market like Nordpool (Northern Europe)

 

Regulatory case for electricity derivative markets, with example of nascent South-European market (Greece)

 

Project setup for the launch of a power market

 

Market making to support a derivatives market

 

Information sharing and disclosure to financial market participants, example EPEX/EEX and NEMS/SGX

 

Surveillance and information sharing between financial and physical markets

 

Organization and risk transfer in typical European utility companies

 

This training course has a limited attendance for up to 20 participants only. Sessions commence at 9am on all days, with short intervals at 10.30am and 3.30pm respectively. Refreshments will be provided in the short intervals. Lunch will be provided at 12:30pm for 1 hour. Sessions will end at 5pm on all days.

Unique Features with powerEDGE Training

• Pre-Course Questionnaire to help us focus on your learning objectives
• Detailed Course & Reference Manual for Continuous Learning and Sharing
• Practical Exercises & Case Examples to better understand the principles
• Limited class size to ensure One-to-One Interactivity
• Assessment at the end of the course to help you develop a Personal Action Plan