Join us at Clarion Hotel The Hub in Oslo or Online from anywhere in the world for an introduction to Europe’s leading short- and long-term power markets.

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 guest presenters speaking on hot topics.  

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    

Two weeks prior to the course, 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 

The final agenda will be updated with further details on speakers, subjects and timings.

Day 1: The Physical Power Market (9:00 – 16:30)

• Introduction to the power market and the Nord Pool power market model 
  The basics about energy markets 
  
  
• The role of the Transmission System Operator (TSO)
   The TSO’s responsibilities, regulation and reserve markets 

• European day-ahead markets – SDAC
  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
  New implicit intraday auction - carried out at a pan- European level in order to allocate available intraday transmission capacity 

• European intraday market: the road to XBID and onwards to SIDC - 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.

Day 2: Financial and regulatory aspects of the power market (9:00 – 16:30) 

• Market Surveillance at Nord Pool 
  Introduction to REMIT, the role of Market Surveillance, national regulators and ACER and inside information versus transparency information.   
  
  
• Risk management, clearing and settlement  
  The role of the central counterpart, clearing and settlement at Nord Pool. Risk management at Nord Pool.  

• Financial power market: Hedging power price 
  Introduction to the financial power market.   
  Standardized products including trading of EPAD.  
  Clearing and settlement for trades and clearing of OTC trades.   

• Hot Topics - TBA 

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. 

Physical participation:

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.