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	TITLE: Risk Management in Electricity Markets
CE: 6.5hrs	CONTACT: Jason Sheil | TEL: 02 9776 7914
TIME: 9:00am - 5:00pm	PROGRAM OUTLINE
FEE: M $984.50 inc GST  | NM $1237.50 inc GST	FACILITATOR: Energy Edge Pty Ltd
DATE: SYDNEY | 25 August 2010 DATE: MELBOURNE | 22 September 2010 DATE: Brisbane | 25 November 2010

 M = Member, NM = Non-Member

Overview

Deregulation, corporatisation and privatisation in the electricity industry have introduced risk management – particularly financial risk management – as a key consideration for market participants and governments. The success of organisations operating in the electricity industry depends heavily on how their risks are managed. A key component of this is the development of a comprehensive financial risk management framework.

This practical and interactive one day workshop is designed to engage participants in deriving hedging outcomes as a way of understanding how the market operates. The program will draw upon the wealth of experience of the presenter, an ex-practitioner with experience in trading financial products in electricity markets.

Outcome:

Participating in this workshop will equip participants to:

• Understand the risks that each type of participant faces in the Australian electricity market
• Explain the concepts involved in the Australian electricity financial markets and how the financial market can assist in managing participant’s risk
• Describe strategies that can be used to manage risk including the products that are typically used to achieve the objectives of the strategy
• Discuss the implications of different financial products on a participant’s derivative portfolio
• Understand the risks that arise through the use of a portfolio of financial products
• Discuss what action can be undertaken to avoid the financial market risks
• Discuss how this market is evolving in light of regulatory action, and the possible impacts

Recommendation:

It is expected that the participants in this course have:

• experience in the electricity industry, or
• are aware to some extent of the functional role of the financial market in managing risk, or
• have attended Markets in Focus – Electricity Financial Markets