Electric Business Understanding provides an in-depth study of the electricity industry with a focus on how the business of electricity actually works. It is designed for those with limited knowledge of the industry as well as those who need to better understand how their job function fits into the big picture. (See Course Content for details on the many topics covered). This seminar is highly interactive and stresses participation from all attendees through discussion and a number of market simulation exercises. Class size is limited to ensure personal attention for all attendees.

Course length

Two Days

Prerequisites

No prerequisites or advance preparation is required

Who should take this course?

Professionals who need a comprehensive understanding of the dynamics of the electric business:

• New hires
• Employees moving into management
• Technical employees requiring a background in business issues
• Regulatory employees requiring a background in business issues
• Professionals such as attorneys, accountants, finance, PR, etc. who are becoming active in the energy industry
• Any employee with limited electric experience

What you will learn

This course will provide you with a solid understanding of:

• How the electric business operates
• How the physical system was designed and delivers electricity
• Regulatory structures and rate designs
• Market design models and how deregulation has dramatically evolved
• Who the key industry participants are and the strategies they employ to be successful
• How physical and financial strategies are used to make money and manage risk
• The reasons for dramatic turmoil throughout the industry
• The key forces likely to drive future evolution in the electric business

Registration fee

$1,290 (save $200 - only $1,090 if paid three weeks prior to seminar). This fee includes continental breakfast, lunch and morning and afternoon breaks. The fee also includes course materials and a networking reception the first night.

Locations

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!

Networking reception

At all two-day seminars we offer a hosted reception the first night which gives you the opportunity to network with colleagues in a casual and comfortable environment.

Satisfaction guaranteed

Enerdynamics believes its seminars and training programs are the best in the industry. We are proud to offer a money-back satisfaction guarantee: If for any reason you are not completely satisfied with your program, we'll gladly refund your entire registration fee. For more information regarding administrative policies such as complaint and refund, please contact us at 866.765.5432.

Cancellation policy

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.

Course content

Electric End Users

• End-use needs served by electricity
• Daily and annual load shapes for various end user segments
• Costs of service
• Services available to end-use customers
• How end users buy electricity in regulated and competitive markets

The Physical System

• What is electricity?
• How electricity is generated
• Types of generation and associated costs
• Transmission systems
• Distribution systems
• Operation of an electric system
• Scheduling
• Ancillary services and balancing the system

The Delivery Chain

• Market participants in the value chain
• How market participants move electricity through the value chain
• The vertically-integrated utility
• Generation companies
• RTOs, ISO, and Transcos
• Wholesale trading companies
• The regulated distribution company
• Retail marketing companies including LSEs, ESPs, and ESCOs

Regulation and Deregulation

• Who regulates what?
• FERC and state regulation
• How regulation varies from state to state
• Electric rates, including revenue allocation and rate design
• Market models
• FERC's standard electric market design
• Restructuring and the evolution of regulation

Industry Evolution

• Key electric market trends
• Evolution of market participants
• Electric price differentials, basis, and price volatility
• The dramatic turmoil in the energy industry

Making Money and Managing Risk

• How different market participants create profitability
• Risk factors in the electric business
• Using Value at Risk
• Financial and physical instruments for risk management
• Creditworthiness and the need for capital

The Future of the Electric Industry

• Short-term evolution
• Delivery of services via the Internet
• New technologies and competitors
• New paradigms for the new century

CPE Credits

Enerdynamics Corp. is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web site: www.nasba.org

Upon completion, you will received 16 hours of CPE credit for this course.

Delivery Method

Group-live