Power Trading in Europe (ON-DEMAND) - PTE
Course Summary
This course provides a comprehensive overview of electricity trading in Europe. We begin by exploring what makes electricity unique as a commodity and how European markets are structured. You'll learn about the core trading instruments – spot, forwards, and futures – and how they're used for physical supply and price hedging. We also cover balancing markets, cross-border trading, and longer-term contracts. This course explains how trading happens in practice, through brokers, exchanges, and auctions, and concludes with the regulatory framework and likely future market developments.
Course Content
By the end of this course, you will be able to:
- Recognize why electricity markets require different structures to other commodity markets
- Describe how European electricity markets are organised and regulated
- Distinguish between the roles of TSOs, traders, and other market participants
- Recognize different motivations and approaches to trading
- Identify the key wholesale market instruments: spot, forwards, and futures
- Recognize how futures contracts are used to hedge price risk
- Identify the different balancing mechanisms used in Britain and the EU
- Distinguish between day-ahead auctions and continuous trading markets
- Point out the key differences between OTC forward and exchange futures trading
- Point out the purpose and scope of REMIT regulation
- Recognize the ongoing challenges and likely future developments in European electricity markets
Practice exercises and self-assessment quizzes are included to help reinforce key topics introduced throughout the course.
A comprehensive final test will be given at the end of the course.
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