Industry
Overview of the Energy Industry
A one-day introduction to both the gas and electric industries
In this interactive one-day seminar you will gain a high-level overview of the business of natural gas and electricity. If you are new to the energy industry, or even a veteran who isn't quite sure how all the pieces fit together, Overview of the Energy Industry will help you understand the basics principles that drive the gas and electric business.
You will learn who customers are and how they use gas and electricity, the physical systems and how they are operated, why the industry is regulated and how restructuring has affected the marketplace, basic principles of gas and electric markets, and much more.
This course was designed with your participation in mind! Questions and discussion among attendees are highly encouraged. And you will participate in a number of individual and group exercises that will give you a real-world perspective of the business of energy. You will leave this information-packed seminar with relevant and current information that can be applied immediately to your work!
Prerequisites: None.
Contact us at 866-765-5432 or 'info' for more information.
No dates are currently scheduled for this seminar. Please Contact Us for more information.
Is Overview of the Energy Industry the right seminar for me?
If you need a fundamental overview of how the gas and electric industries function, but can’t spend more than a day away from the job, this seminar is for you! Whether it's your first day on the job or you’ve been in the gas or electric industry for a while, you will benefit from the insights you will receive on how the businesses actually work. While anyone with a connection to the gas or electric business should consider this fundamental seminar, here are the types of employees who have found this class especially helpful to their continued success in the industry:
- New hires: anyone new to the industry, whether you are working for a utility, energy marketing company, pipeline, merchant generator, electric transmission company, producer, startup, or any company providing services to the industry
- Employees with some industry experience who are moving into management
- Employees working on temporary energy-related projects
- Summer hires/interns
- Entry level employees working in the natural gas or electric industry
- Virtually any industry employee with limited energy experience
How will Overview of the Energy Industry help me?
If you are new to the energy business, this seminar will give you a fundamental overview of the complex businesses of natural gas and electricity. Many new employees feel lost for months given the unique jargon and ways of doing business inherent in the energy industry. After spending just one day attending this seminar you’ll learn just enough to successfully begin your career in the industry and to prepare you to take advantage of on-the-job learning opportunities for years to come.
If you’ve been in the energy industry for a while, but have been too busy focusing on your responsibilities to get a good overview of the business, this seminar will provide you with the knowledge that you are missing. By spending just one day attending this seminar you will understand your role in the bigger picture, how to better support your company’s business goals and how to best interact with other company departments and external market participants. In fact, anyone interested in advancing their career cannot afford to continue without the knowledge that can be gained in this seminar.
In just one information-packed day, this dynamic course will provide you with a solid understanding of:
- What natural gas and electricity are and how they provide useful work
- Users of gas and electricity and their needs
- Sources of natural gas
- Types of electric generation
- How the physical systems transport and distribute gas and electricity
- How and why the industries are regulated
- How deregulation has affected the industries and the choices customers now have
- The participants in the gas and electric delivery chain and their roles
- How market participants make money and the risks that must be managed
- What the future may look like for gas and electricity
Overview of Natural Gas and Electricity
- How the U.S. consumes energy
- What is natural gas and how does it work?
- What is electricity and how does it work?
- Natural gas and electricity in our society
- Gas and electric units
- Typical gas and electric consumption
Customers
- Types of gas and electric consumers
- Customer usage profiles and why they are important
- Seasonal gas usage
- Hourly and seasonal electric load shapes
- Customer needs and wants and services that satisfy them
The Physical System and Market Structure
- How gas is produced and delivered to an end user
- Major North American supply basins and typical gas flows
- How the physical gas system is operated
- U.S. gas supply and demand
- Natural gas sectors and participants in the delivery chain
- The natural gas market structure in North America
- How prices change through the value chain
- How electricity is generated and delivered to an end user
- Generation sources and how they are used to meet demand
- How generation is used in the dispatch stack
- The electrical transmission system
- The electrical distribution system
- Managing the electric system
- How electricity is scheduled
- Electric sectors and participants in the delivery chain
- 4 idealized market structures found in the U.S. today
Regulation and Deregulation
- What regulation is and how it works
- Why the energy industry has traditionally been regulated
- Who are the state and federal regulators?
- The state and federal regulatory compact
- 4 types of regulatory proceedings
- The regulatory process
- What is restructuring and why do it?
- The history of gas deregulation and current status of supply choice
- The history of electric restructuring and current status of supply choice
Making Money & Managing Risk
- What regulation is and how it works
- Why the energy industry has traditionally been regulated
- Who are the state and federal regulators?
- The state and federal regulatory compact
- 4 types of regulatory proceedings
- The regulatory process
- What is restructuring and why do it?
- The history of gas deregulation and current status of supply choice
- The history of electric restructuring and current status of supply choice
The Future
- Regulation, technology and markets
“Understanding the physical aspects of power generation and distribution was most valuable.”
“Great class!”
“It helped me understand more about what I do in my job.”
“Thanks for a great class, I learned a lot. Great instructor, very knowledgeable.”
“Great coverage of physical infrastructure and how supply/demand relate.”
“Very well organized and easy to follow.”
“The course put things in layman’s terms and gave a lot of helpful background on the industry up to where we are today.”
Group discount
Attend this seminar with your workgroup and you can save up to 25%. For every three people from the same company who attend this course, the fourth is free!
Course length
One day.
Prerequisites
No prerequisites or advance preparation is required.
Seminar times
This seminar begins and 8:30 and ends at 5:00.
Registration fee
$795 (save $100 - only $695 if paid three weeks prior to seminar). This fee includes continental breakfast, lunch and morning and afternoon breaks. The fee also includes course materials.
Cancellation policy
All class sizes are limited and your place in class is held exclusively for you. Registrations cancelled two weeks or more prior to the seminar date will receive a full refund minus a 10% administrative fee or a credit for 100% of the registration fee good towards any other Enerdynamics product. Registrations cancelled with less than two weeks notice but more than two days notice will receive a credit for 100% of the registration fee good towards any other Enerdynamics product. Registrations cancelled with less than two days notice are not eligible for refund or credit. Substitutions may be made at any time and without additional cost.
Contact us at 866-765-5432 or 'info' for more information.
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CPE credits? Absolutely!
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Bring this seminar onsite
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No risk to you!
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