Key Learning Objectives
- Global challenges for the energy sector
- Innovation opportunities in generation, network services and end-use
- Decision-making frameworks for the stationary energy sector
- Scorecard for the National Electricity Market
- Future directions for the National Electricity Market, considering generation, network and demand-side options and how innovation might be facilitated and managed by incorporating “smart-grid” concepts in the National Electricity Market decision-making framework
About the Course
This course has been designed to provide a comprehensive guide to the conceptual basis, rules and regulations, operation and potential future evolution of the Australian competitive electricity industry.
The course will examine the current state and future evolution of the decision-making framework that has been created for the Australian electricity industry, by assessing the design, outcomes, strengths and weaknesses, and potential enhancements to, the industry’s commercial, governance, security and technical regimes.
The course will draw on recent research and industry assessments undertaken for Australian governments and industry regulatory bodies.
Who Will Benefit
The course is aimed at experienced professionals from the electricity industry or a partner industry, or from regulatory and policy bodies. They may have roles in generation, retail, network services, energy trading and marketing, market risk management, organisational risk management, regulation and policy development, financial planning and analysis, contracts and settlements, systems development and implementation, risk valuation or insurance.
Those with more limited industry experience should first participate in the companion course on Electricity Industry Fundamentals.
“Experienced, good material, up to date. Encourages participation – very strong opinion”
Systems Controller, Powerlink
“Excellent working knowledge of the industry”
Group Manager, Country Energy
“Clear, ordered explanations, wealth of experience”
Regulatory Analyst, Australian Energy Market Operator
Course overview and introduction of participants
The global energy context (security, price & environmental impacts)
- Energy sector objectives
- Fossil fuel supply, demand and price trends
- Uranium and nuclear fuel supply, demand and price trends
- Renewable energy resources and their characteristics
- Climate change and its implications for the stationary energy sector
Innovation opportunities in the stationary energy sector
- Carbon capture and storage
- Nuclear energy
- Renewable energy technologies
- End-use efficiency and flexibility
- Network and metering services
- The “smart grid” – information, communication and decentralised control
- Electric vehicles
Designing a coherent decisionmaking regime for the stationary energy sector
- Design criterion – a generalised version of incentive compatibility
- Governance regime (policy and regulatory bodies and their functions)
- Security regime (power system and market operation, security and reliability management)
- Commercial regime (ancillary service, spot energy and derivative markets, competitive and regulated network services)
- Technical regime (connection requirements and network technical regulation)
- High-level comparison of the decision-making frameworks for the Australian NEM, the WA SWIS, North America and Europe
Scorecard to date for the Australian National Electricity Market
- The governance regime – performance to date and future possibilities
- The security regime – performance to date and future possibilities
- The commercial regime – performance to date and future possibilities
- The technical regime – performance to date and future possibilities
Meeting future challenges for the NEM
- Getting the balance right between generation, network and demand-side options
- Rapidly reducing the industry’s carbon footprint
- Integrating non-storable renewable energy
- Successfully engaging end-users
- Designing and implementing a “smart grid”
- Achieving electricity and gas industry convergence
- Preparing for possible large-scale deployment of electric vehicles
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.