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overview
In partnership with
Key Learning Objectives
- Overview of electricity industry in Australia
- Key power generation and storage technologies
- Design of the National Electricity Market, including trends and challenges in the transition to clean energy
- System planning and energy policy
- Retail market design and trends
- Risk management using contracts and derivatives
- Network and ancillary services in the NEM
- Value of flexibility in the energy transition
About the Course
This course will provide a clear understanding of the fundamental structure and workings of the Australian electricity industry and the National Electricity Market (NEM).
Our expert instructor will explain the design of the NEM and the critical issues facing the electricity industry as it undergoes the biggest transformation in its history. This will include discussion of renewable energy, energy storage, demand response, system planning and policy. Participants will also learn about the technical concepts, key data metrics, and language used within the electricity industry. For those who need to build strong and practical expertise in the energy industry, this course will provide a fundamental background.
Who Will Benefit
Managers, executives and staff from independent power producers, renewable energy project developers, regulatory bodies and government, banks, superfunds and asset managers, lawyers, consultants, major energy users, and other industry professionals seeking more knowledge about the current electricity industry and future trends.
pricing
Trainer Video
Our expert course instructor Marija Petkovic talking about the upcoming Electricity Industry Fundamentals course intakes in 2024
Testimonials
“Great overview with enough detail to explain the concepts even if you have no technical background.”
Information Officer, NOPSA
“Over the years I have attended many training courses provided by [Informa Corporate Learning]. I have always found the course content to be relevant and accurate and the course facilitators to be leaders in their field.”
Analyst, ENI Australia Ltd
“Very knowledgeable, good ‘on the ground’ experience, kept the presentation moving along, very approachable.”
Divisional Manager, AON Risk Services Limited
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Course Outline
The nature of electricity industry
- Australia’s energy resources within the broader global context
- Fuel mix options including coal, gas, solar PV, hydro, and batteries
- Comparison of options on economic, technical, social and environmental criteria
- Trends and future directions
Overview of electricity industry design
- Objectives of electricity industry design and decision-making protocols
- Structural choices in electricity industry design
- Comparison of design choices in Australia with global markets such as those in North America
- Limitations of present industry design choices and possible future design options
Design of the NEM
- Key features that manage supply/demand balance
- Bidding, price setting, and dispatch
- Marginal loss factors
- Participant categories and requirements
- Generator revenue
Ancillary services in the NEM
- Frequency control ancillary services
- Non-market ancillary services such as network support and system restart
- Performance to date & future trends
Network services in the NEM
- Services provided by transmission and distribution companies
- Network ownership, operation, investment and pricing
- Future trends in network services
Retail market design and trends
- Role of electricity retailers as risk managers
- Current retail market design and pros/cons
- Possible future directions in retail market
Contracts and derivatives
- Power purchase agreements
- Contracts for difference
- Caps and swaps
- Derivative market designs – OTC & exchanges
System planning and energy policy
- Function of key bodies such as AEMO, AEMC, and AER
- Federal policy, including Renewable Energy Target and Capacity Investment Scheme
- Renewable Energy Zones
- Integrated System Plan
- State-based targets and policies
Flexible resources in the NEM
- Value of flexibility in the energy transition
- Large-scale storage, including batteries and pumped hydro
- Demand-side resources, including load control, storage, electric vehicles, virtual power plants, and green hydrogen
Working with energy market data
- Common units
- Key metrics for energy market analysis
- Key metrics to assess performance of power stations
when & where
07 May 2024
Live Online Training
05 Sep 2024
Canberra
12 Sep 2024
Melbourne
16 Sep 2024
Sydney
19 Sep 2024
Brisbane
24 Sep 2024
Live Online Training
On-site & in-house training
Deliver this course how you want, where you want, when you want – and save up to 40%! 8+ employees seeking training on the same topic?
Talk to us about an on-site/in-house & customised solution.
contact
Still have a question?
Sushil Kunwar
Training Consultant
+61 (0)2 9080 4395
training@informa.com.au