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FINANCIAL MARKET COURSES

Commodities - Electricity & Coal

Electricity is an integral part of our lives, with numerous residential, industrial, and commercial uses. It is used to light up homes and offices, run televisions and computers, and provide the power to operate countless other appliances. With world markets opening up due to liberalization, electricity as a commodity can now be traded across borders.

 

A major part of electricity is generated using coal. Coal is equally important as a commodity but, being a fossil fuel, it is available in limited quantities.

 

This course is about the electricity and coal markets. It looks at the factors affecting electricity prices and the types of risk in electricity trading. It provides an insight into the trading techniques used in the electricity market and the exchanges that offer electricity contracts. It also looks at the features of the coal market and covers trading in coal, international coal indexes, and information providers.

  • OBJECTIVES

    On completion of this course, you will be able to:

    Describe the features of the electricity market and how electricity is traded

    Describe the features of the coal market and how coal is traded

  • COURSE OUTLINE

    Topic 1: Electricity

    Electricity

    Structure of the Electricity Industry

    Price of Electricity

    Trading in the Electricity Market

    o Mandatory Pools

    o Voluntary Pools

    o Power Exchange

    Types of Electricity Contracts

    Options Applicable to Electricity Contracts

    Risk Management in Electricity

    Electricity Derivatives Over the Counter Market

    Exchange - Traded Market

    o New York Mercantile Exchange (NYMEX)

    o Intercontinental Exchange (ICE)

    o European Energy Exchange (EEX)

    o Nord Pool

    Short Hedge with Electricity Futures – Example

    Spark Spread

    Topic 2: Coal

    Coal

    Trading in Coal

    Trading in the Dark Spread

    International Coal Indexes

    Coal Information Providers

    Coal Futures/ Forwards

    Coal Options & Swaps

  • PREREQUISITE KNOWLEDGE

  • ESTIMATED COMPLETED TIME

    60 Minutes

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