The Physical and Financial Power Markets Course 24 and 25 April 2024
Join us Online from anywhere in the world for an introduction to Europe’s leading short- and long-term power markets. We are fully booked for physical attendance of the event in Oslo, but we have a few open slots open for online participation.
This course serves as an excellent refresher course, covering all recent and relevant changes in the energy markets, as well as giving an overview of potential future developments.
“The Physical and Financial Power Markets” course sees experts from Nord Pool and other leading power sector organizations, providing valuable insights and answers to your most pressing questions. There will, as always, also be a guest presenter speaking on a hot topic.
Held in English, the course will unravel the complexity of the power market, whether you are a trader, investor or working in the back or front office. It will be equally helpful for those with a more general interest in the increasingly important energy sector, such as lawmakers, energy regulators and students.
Nord Pool Digital Diploma: Test of Knowledge
One week prior to the presentations, all confirmed participants will be given access to the course’s online material. This includes an explanation of industry acronyms and an introduction to some of the basic concepts. Video recordings from previous courses are also included. The online material serves as a useful source of information about the finer detail of the power markets and also as an online knowledge test. Pass the test one week after the course has finished and you will be rewarded with the Nord Pool Digital Diploma!
Agenda
A detailed agenda with speakers, subjects and timings will be distributed to all participants before the course starts.
Day 1: The Physical Power Market (9:00 – 16:30)
- The Nord Pool power market model - Mariann Birkedal Vik, Senior Power Market Expert, Nord Pool Academy
The basics about energy markets - Operating physical power flows & balancing markets - Christine Kaaløy (Policy Advisor, Renewables Norway - Former Senior Analyst at Statnett) The TSO’s responsibilities, regulation and reserve markets
- European day-ahead markets – SDAC - Isidora Micic (Senior Power Market Expert, Nord Pool Academy)
Integrating Europe’s power markets with one algorithm; Euphemia
Detailing European day-ahead markets: PCR, MRC, SDAC, system price, bidding areas, price formation, transmission allocation, transparency, market data and much more
Euphemia: Trading day-ahead across Europe with new products and handling of capacity allocation; ATC (Available Transmission Capacity) and FB (Flow-Based) - Intraday Auctions - Kristiane Jørstad Granaasen (Trading Adviser - Auctions, Nord Pool) New implicit intraday auction to go live soon - carried out at a pan- European level in order to allocate available intraday transmission capacity
- Batteries: Implications for the Nordic ancillary services markets - Robert Gehrcke (Project Manager and Head of Compliance, Flextools)
- European intraday market: the road to XBID and onwards to SIDC - Vladimir Temelkovski (Service Manager, Nord Pool) Intraday trading close to delivery across Europe is rising due to increased VRE power production and demand response.
We will round off Day 1 with an aperitif at the venue, from 16:30.
Day 2: Financial and regulatory aspects of the power market (9:00 – 16:30)
- Key challenges in PPAs today - Aivaras Simkunas (Head PPAs NWE, Managing Director, Alpiq)
PPAs, structures, history and current challenges
- Risk management, clearing and settlement - Robert O'Doherty (Senior Trading Adviser, Clearing & Settlement & Treasury, Nord Pool)
The role of the central counterpart, clearing and settlement at Nord Pool. Risk management at Nord Pool.
- Financial power market: Hedging power price - Sandro Olivieri (Trading Adviser - Continous, Nord Pool)
Introduction to the financial power market.
Standardized products including trading of EPAD.
Clearing and settlement for trades and clearing of OTC trades.
- Recent updates from the European energy markets and global drivers - Olav Johan Botnen (Power Market Expert, Volt Power Analytics)
The new landscape for renewable investments, development of power balances in key countries, fuel & emissions price scenarios, illustrations of simulation results
- Energy Management & Water Values – How is Statkraft optimizing its hydropower in the Nordics? - Aslak Mæland (Vice President - Regulatory Affairs Markets, Statkraft)
- Market Surveillance at Nord Pool - Peder Helset (Market Surveillance Analyst, Nord Pool)
Introduction to REMIT, the role of Market Surveillance, national regulators and ACER and inside information versus transparency information.
Recordings of some previous hot topic presentations are available to watch with the online material. These have included: Algorithms, Brexit, CCS, Decarbonization of Europe, Electrification of Cities (C40), Flexibility Markets, Green Products, Hydrogen, Power Markets in India, The EU’s 'Fit for 55' Package, Water Values, Thermal Batteries and Are PPAs the panacea?
Fee
The participation fee is listed in the registration form. It includes all presentations, online material and end-of-course test. The fee also includes lunch and snacks during the course.
Fee participation at Radisson Blu Plaza Hotel (fully booked)
Fee for members: …………………………… EUR 1125
Fee for non-members: ……………………… EUR 1500
Online participation
Fee for online participation members:……… EUR 563
Fee for online participation non-members:…. EUR 750
To ensure we can answer all questions, participant numbers are limited. Availability is allocated on a first come, first served basis.
Please note - you must book your own accommodation. More details will follow upon registration.
If you are a student, journalist or feel a discount should be applicable to you, please get in touch.
Questions?
Feel free to send any questions you have about the course to: academy@nordpoolgroup.com or call us on +47 907 39 661.