The Physical and Financial Power Markets Course 24 and 25 April 2024
Join us in person in Oslo, for an introduction to Europe’s leading short- and long-term power markets. This is also an excellent refresher, covering all recent and relevant changes to the energy markets, as well as potential future developments.
“The Physical and Financial Power Markets” sees experts from Nord Pool, and other companies TBA, providing valuable insights and answers to your 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 law makers, energy regulators or students.
Nord Pool Digital Diploma: Test of knowledge
One week prior to the presentations, all confirmed participants will get access to the online material which includes 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 test of knowledge. Pass the test one week after the course and you will be rewarded with the Nord Pool Digital Diploma!
Agenda:
Day 1: The Physical Power Market
The Nord Pool power market model
The basics about the energy markets, the development of the world’s first international energy market and its increasing importance.
The role of the Transmission System Operator (TSO)
The TSOs’ responsibilities, regulation and reserve markets.
European day-ahead markets - SDAC part 1
The integration of 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.
European day-ahead markets SDAC part 2
Euphemia: Trading day-ahead across Europe with new products and handling of capacity allocation; ATC (Available Transmission Capacity) and FB (Flow Based).
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.
Day 2: Financial and regulatory aspects of the power market
Recent updates from the European energy markets and global drivers
Main price drivers, financial market, physical market, TSOs, new technology, politics on a national, regional, European and global level– and the different effects Covid-19 and the Ukrainian war have on the energy markets.
Market Surveillance at Nord Pool
Introduction to REMIT, the role of Market Surveillance, national regulators and ACER and inside information versus transparency information. Introduction to Urgent Market Messages (UMM) system.
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 prices
Introduction to the financial power market.
Standardised products including trading of EPAD.
Clearing and settlement for trades and clearing of OTC trades.
A more complicated open challenge: The spread between Nordic (SYS) and German power tomorrow AKA The Aas’ Bet.
Green finance: Voluntary and mandatory markets
Covering the major green markets and products, ranging from the world’s largest carbon market (EU ETS), guarantees of origin (GOs), renewable energy certificate (RECs), carbon offsets and feed-in tariffs.
Hot topic: Are PPAs the panacea?
Producers, consumers and investors all need more predictable energy prices. In these extraordinary times, what part of the solution will PPA cover? Nord Pool has innovated both physical and financial markets the past three decades and will share thoughts and ideas about the future.
Previous hot topics: Recordings of some of the previous hot topic presentations are available for you to watch in the online material. Previous topics covered have included: Algorithms, Brexit, CCS, Decarbonisation of Europe, Electrification of cities (C40), Flexibility markets, Green products, Hydrogen, Power Markets in India, EU’s 'Fit for 55' package, Water Values and Thermal Batteries.
Where and how
Access to online material and tests will be available for all confirmed participants and distributed one week prior to course start. Pass the online test of knowledge before or after the course and receive your individual Digital Diploma.
Fee
Participation fee is listed in the registration form, it includes all presentations, online material and test. The fee also includes lunch and snacks during the course.
To ensure we are able to answer all questions, only a limited number of participants can attend. We have limited availability allocated on a first come, first served basis.
Please note that you must book accommodation yourself. Accommodation includes breakfast. More details will follow upon registration.
Fee discounts
25% discount to members of Nord Pool, Statnett, Montel, World Kinect Energy Services and guest presenters’ customers/members.
If you are a student, journalist or feel a discount should be applicable to you, get in touch.
Questions?
Feel free to send any questions you have about the course to academy@nordpoolgroup.com.