The seminar examines one of the most rapidly developing markets for risk – the energy markets. These markets allow participants to manage the price risks of oil and gas, electricity, coal and so forth. Some other markets closely linked with energy are also briefly discussed here, including markets for greenhouse gas emissions, weather derivatives and freight. Energy markets create enormous challenges and opportunities for risk managers – in part because of the extreme volatility of prices that can occur.

 

At the end of Intrinsic Value's training seminar in the energy markets the participant should be able to:

􀂅  Discuss the size of markets for energy.

􀂅 Discuss the various energy futures markets.

􀂅 List the major energy futures contracts.

􀂅 Describe various options on energy.

􀂅 Discuss using futures markets to hedge energy risk.

􀂅 Construct an energy hedge using futures contracts.

􀂅 Discuss physical delivery in energy markets.

􀂅 Define basis contracts in OTC energy markets.

􀂅 Discuss the role of the Singapore Market.

􀂅 Discuss the role of the European Market.

􀂅 Discuss the role of the North American OTC energy market.

􀂅 Discuss the role of NordPool.

􀂅 Discuss the role that Platts plays in the energy market.

􀂅 Discuss the Coal market.

􀂅 Discuss the weather derivatives market.

􀂅 Discuss the emergence of green trading.

􀂅 Define Heating Degree Day (HDD) and Cooling Degree Day (CDD).

􀂅 Discuss the issues of future energy trading.