Electricity Economics in Changing Electricity Markets
Overview
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 core knowledge course for those involved in the business or regulation of 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.
A highly interactive presentation style allows for plenty of Q&A and time to discuss the issues from multiple stakeholder perspectives; including power plant owners, investors, policymakers and energy customers. This course is an essential primer for those seeking to navigate successful business routes through transitioning electricity systems.
Course Highlights
- Economic & market fundamentals
- The cost structure and returns of electricity generation
- Investors, bankability and project financing
- Electricity costs, prices and value propositions
- Electricity pricing & market disruption
- A full-system view of electricity pricing
- Competition, innovation, investment and the customer
- Business case & project financing issues for new power infrastructure
- Selling electricity in competitive environments
- Growing and emerging challenges (and opportunities)
- Electricity policy in a low-carbon world
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
We will 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!
Course Agenda
DAY 1: Economic & Market Fundamentals
- The Cost Structure and Returns of Electricity Generation
- Investors, Bankability and Project Financing
- Key Metrics and Clarity in Defining Electricity Costs, Prices and Value Propositions
- INTERACTIVE DISCUSSION: Electricity Market Stakeholders
DAY 2: Electricity Pricing & Market Disruption
- Markets and Energy Prices
- Putting a Value on Capacity
- Electricity System Disruption
- INTERACTIVE DISCUSSION: A Full-System View of Electricity Pricing
DAY 3: Competition, Innovation, Investment and the Customer
- Business Case & Project Financing Issues for New Power Infrastructure
- Selling Electricity in Competitive Environments
- A Review of Growing and Emerging Challenges (and Opportunities)
- INTERACTIVE SUMMARY & DISCUSSION: Electricity Policy in a Low-Carbon World
Training Methodology
The agenda will combine presented materials with plenty of opportunity for Q&A, interactive discussions, and the use of simple quantitative models and calculations to illustrate key learning points.
Current market examples, trends, news and data are utilised wherever helpful to illustrate the learning. It is important to note that market intelligence and examples are continuously updated and refreshed before every course, and so not always reflected in detail in the prepublished agenda.
Pre-Course Questionnaire
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.
Course Certificate
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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