Electricity Economics in Changing Electricity Markets (Online Course)
Commences: 30 May 2023
Live Online Course
The new economics of power markets in a low-carbon world
Are you ready for the new challenges & opportunities as power markets around the world evolve?
This is an essential course both for those generating and trading electricity and for those responsible for policy within the power industry. It leads you through a clear, accessible and thorough examination of the economics of power generation, from power plant cost influences to end-customer prices. It contextualises this analysis with key consideration of industry drivers and trends, including increasingly liberalised and competitive markets, evolving policy support and management frameworks, the growth and integration of renewable power sources, and the restructuring of power systems towards more decentralised operations.
The presenter allows for and encourages plenty of Q&A and discusses the issues from multiple stakeholder perspectives; including power plant owners, investors, policymakers and energy customers. This online course is an essential primer for those seeking to navigate successful business routes through transitioning electricity systems.
We’ll examine these key questions:
- Which variables drive the economics of electricity generation?
- How do generation costs combine with other factors to produce end-use electricity prices?
- How are current technology & system trends impacting electricity costs and prices?
- What are policymakers doing to keep costs down?
- Who are the key stakeholders and influencers on electricity economics?
- What are the value-chain impacts of market liberalisation and competition?
- How are solar and wind power (and other low-carbon options) changing market environments?
- … and many more!
Benefits of Attending
- Clear, independent and business-focused introduction
- Language designed for non-experts; particularly senior executives, policymakers & investment decision-makers
- Core knowledge building, including up-to-the-minute examples from markets around the world
- Interactive discussion of key market and economic variables
- Quantification of key issues using simple numerical calculations, real data and Excel-based tools
Live Online Course – How It Works
The structure of our virtual learning program is designed to keep the same levels of engagement and networking as our on-site public courses. Course content is delivered through our easy-to-use online learning platform and is supplemented by case studies and practical exercises.
Like our classroom-based public courses, you will have live interaction with our course facilitators and other participants. Our live online courses are led by our experienced instructors, who will provide you with easily digestible content, using knowledge learned from many years in the industry, during scheduled times. Delegates will receive copies of the course materials electronically.
This course is scheduled to take place over 4 live online sessions using virtual learning technology.
Session 1: 30 May 2023, 12pm – 3pm GMT+0
Power Project Economics
- The cost structure and returns of power projects
- Global vs local business case variables (Examples of different country risk factors)
- Investors, “bankability” and project financing
- Example: showing how solar prices have dropped so low in markets such as the UAE
Session 2: 31 May 2023, 12pm – 3pm GMT+0
Power System Disruption and the Economic Impacts
- A system perspective on electricity costs, prices and value propositions
- Examples using a LCOE calculator in Excel
- Contrasting wholesale vs. retail prices in example Asian and European markets
- Electricity markets and their prices
- Examples of the critical importance of peak demand to energy prices, price volatility and the changing economic of power plants (illustrated using examples from Australia, Europe and the US)
Session 3: 1 June 2023, 12pm – 3pm GMT+0
Creating Value from Capacity and Flexibility
- Revenue streams from power capacity
- Examples of markets which monetize grid services such as frequency response and reserves (comparing examples from Asia, the US and Europe)
- Examples of markets which monetize future supply security: capacity markets
- New business models from flexibility
- Examples illustrating the growth of dispatchable renewable power projects (including case studies from India and the US)
- “Aggregation”: Examples and business models for clean power at different scales (from Japan, Europe and Australia)
- Emerging power plant flexibility options, including hydrogen production (including new offshore wind case study)
Session 4: 2 June 2023, 12pm – 3pm GMT+0
Competition, Innovation and the End-Customer
- Selling electricity in competitive environments
- Examples of market competitive structures and industry unbundling
- Examples of electricity retail tariff innovation from around the world
- Selling direct to business: corporate PPAs and price protection approaches (examples from Asia)
- Growing and emerging challenges and opportunities in the electricity value chain
The course combines presented materials with lenty of opportunity for Q&A and the use of quantitative models to illustrate key learning points. Current market examples and data are utilised wherever helpful.
We would like to customise the workshop based on your specific needs. Pre-Course Questionnaire will be sent prior to the workshop for analyse in advance and to be addressed during the course.
Upon the successful completion of this course, you will receive a Certificate of Completion bearing the signatures from both the Course Director and the Course Organiser. This Certificate will testify your endeavour and serve towards your professional advancement.
Who Will Attend
- Power generators, utilities and IPPs
- Investors, including commercial and development banks, venture capital and private equity
- Policymakers and policy advisors
- Transmission / Distribution system operators (grid)
- Power system vendors & EPC contractors
- Large electricity users
- Commercial services suppliers (law, insurance etc.)
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