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Course Offerings for Executive Education
The following is a partial list of Teknecon courses designed to educate management
personnel regarding trading and risk management in the natural gas and electricity industries.
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An Overview of Energy Risk Management and Trading - One Day -
Designed for executive management and staff that have some acquaintance with changes going on in today's converging natural gas and electricity marketplaces.
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An Overview of Physical Natural Gas Trading - One Day –
Designed for executive management and staff that have some acquaintance with the natural gas industry, but little direct experience with natural gas trading. Subject areas include: natural gas as a commodity, basic terminology, trading timeframes, commodity quality, motivations for natural gas trading, characteristics of market participants, regional characteristics, basis risk and trading, production resources, pipeline issues and trading decision making. Also included are several rounds of physical natural gas trading simulation.
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An Overview of Physical Electricity Trading - One Day -
Designed for executive management and staff that have some acquaintance with the electric utility industry, but little direct experience with electricity trading. Subject areas include: electricity as a commodity, basic terminology, trading timeframes, commodity quality, the impact of deregulation on electricity trading, motivations for electricity trading, characteristics of market participants, regional market characteristics, bilateral versus pool, production resources, transmission issues, and trading decision making. Also included are several rounds of physical electricity trading simulation.
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How and Why Do Companies Quantify Risk? - One Day -
Designed for executives who have little knowledge about trading and risk management and who will be managing market participants. This course covers topics such as: We've always done transactions that have some amount of risk. What is Mark-To-Market? Why quantify it? What is Value-At-Risk? What is Daily-Earnings-At-Risk? How does Risk-Adjusted-Return-On Capital work?
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Energy Risk Management and Trading - Two Days -
Designed to increase understanding of how to qualify and quantify risk, to familiarize participants with the types of risk management tools available, and to develop the capability and confidence to apply those tools to reduce exposure to risk. Topics include: the definition of price risk, the definitions of basis risk, the management of price risk, the definition of hedging, details of execution, cash management and credit issues, introduction to and use of exchange-traded futures and options, over-the-counter instruments, and contracts for differences. Includes interactive case studies, examples and trading simulations.
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Unique Aspects of Trading and Risk Management in Electricity - Two Days -
Designed for executive management and trading and risk management staff that have some acquaintance with structural and strategic issues in the current electricity trading marketplace. The accentuated price volatility and volume variability of the commoditized electricity market makes trading and risk management paradigms from other industries inadequate and obsolete. This course covers topics such as:
What are the fundamental drivers of electricity as a commodity? What trading opportunities and risk management necessities are driven by the unique characteristics of electricity? What resources are required to develop trading and risk management core competencies? Includes structured discussion interactive workshop sessions.
© 1997-2009, Teknecon Energy Risk Advisors, LLC
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