CEER-EFET Training on European Wholesale Electricity and Gas Market Trading
About the Course
Level A: Overview course - Public Training
The Council of European Energy Regulators (CEER), in collaboration with the European Federation of Energy Traders (EFET), is organising a unique hybrid course on “European Wholesale Electricity and Gas Market Trading” on 30 November – 01 December 2022. This year's edition will again cover both electricity and gas trading, and will offer a trading floor visit and special trading simulation sessions.
This course is ideally suited for staff of National Regulatory Authorities (NRAs), but representatives from other organisations are also welcomed to join. Experts from National Regulatory Authorities who register for this course will be granted free access to the EFET online Energy Markets Training Programme.
The course seeks to enhance the understanding of NRA staff about how energy trading is conducted and their knowledge of how traders handle their risks and opportunities by means of periodic transactions in the electricity and gas markets. One of the potential benefits of attending this course is that it may help NRA staff to better carry out their monitoring and surveillance of wholesale energy markets at national, regional and European level. Trainers will explain key aspects of trading in the wholesale electricity and gas markets based on their own operational, commercial and professional experience (rather than from an academic point of view). The trainers of this course include senior and high-level experts from EFET and their member companies, as well as an experienced former trader for the trading simulations.
Attendees will be provided with a clear understanding of trading in short and forward timeframes in the wholesale electricity market and price formation. It will be followed by a session discussing trading in the wholesale gas market. Finally, participants will have the opportunity to participate in hands-on trading simulations which provide the ideal learning effect by means of practical application of the theoretical knowledge in energy trading.
In the second day, the course will focus on this year market developments following the war in Ukraine, including the effects of sanctions and governmental interventions to stem the energy prices. The session is followed by a discussion over the EU Emissions Trading System, including on price development over the year and causes, and the role of the green attributes of renewable electricity. The training ends with a visit to the trading floor of one of the biggest gas traders in Europe.
Day1: Wednesday, 30 November 2022 – 09.30-17:00 (CET)
Day2: Thursday, 1 December 2022 – 9.30 – 15.30 (CET)
14:10-15:30 (CET) Live “Bonus session”: TRADING FLOOR VISIT at Eni Global Energy Markets (only for onsite participants)
Mike Bostan - Coordinator Trading and Education Programmes, EFET