8-9 Aug 2022
|12:00pm-2:00pm (New York)
21 Jun 2022
*Prices do not include VAT, GST, or any other local taxes. All applicable taxes will be added to the invoice.
**Please register by the deadline to help us ensure sufficient attendance and avoid postponing the course.
The Federal Energy Regulatory Commission (FERC) acts as an independent agency and regulates the interstate transmission of energy. Amongst their many responsibilities, FERC monitors the US power and natural gas markets along with the companies that operate within them to ensure the public receives reliable energy at a reasonable cost. However, past investigations have shown that companies can game or manipulate the market for profit. Therefore, FERC has released anti-market manipulation guidelines. This virtual instructor-led course will focus on those guidelines in relation to the US power and natural gas markets.
The presentation will begin with a background on FERC along with the power and natural gas markets. Deregulation altering the landscape and its consequences will be covered as well. Amongst those consequences, we will touch on the gaming by the trading community that has led to further FERC oversight. This will bring us to anti-market manipulation guidelines, best practices, and case studies.
The goal of this course is to leave delegates with an understanding of how to recognize market manipulation and the steps to take to react to it.
This virtual solution is comprised of two live instructor-led sessions hosted on state-of-the-art training software with video, audio, chat, live polls, breakout sessions and much more!
This is basic level course and there are no prerequisites. Class delegates include everyone from support staff to management from trading, risk management, operations, accounting, credit, and contracts groups.
Introduction to FERC
Background on US Power and Natural Gas Markets
Deregulation of Energy Markets
Consequences of Deregulation
FERC Introduces Anti-Market Manipulation Rules - A review of these anti-manipulation rules for
Introduction to Third Party Price Reporting Services - Their function, how they produce power and natural gas prices and how these prices are used by the energy sector and various stakeholders.
Explaining the Economic Dispatch of Generation Assets
The Consequences of Energy Trading
Case studies. The following related examples represent the most common ways firms have attempted to manipulate markets:
How to Recognize Market Manipulation
Steps to Take if you See or Become Aware of Market Manipulation