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Electricity Industry Fundamentals

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overview

Key Learning Objectives

  • Overview of electricity and gas industries in Australia
  • Key electricity industry technologies and how the industry works
  • Electricity industry design – objectives and implementation
  • Design and performance of electricity derivative markets
  • The National Electricity Market (NEM) – design, performance and trends, including challenges in wind, PV and storage integration
  • Network services and ancillary services in the NEM
  • Retail market design & possible future evolution
  • Overview of the current issues facing the electricity industry

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).

Although this course will examine the stationary energy sector as a “whole”, it will focus more on electricity than gas.

Our expert instructor will describe the structure of the Australian electricity and gas industries, design of the NEM, current electricity industry issues including renewable energy and storage integration and the CoAG energy market reform agenda.

Participants will also learn about the technical concepts and language used within the electricity industry and within the emerging renewable energy and storage and “smart grid” technology spheres. This will help them bridge the cultural gap between the existing industry and the emerging technologies.

For those who need to become experts in the energy industry, this course will provide a fundamental background.

Who Will Benefit

Managers, executives and staff from the electricity, gas, renewable energy and storage industries, regulatory bodies and government, banks, brokers, lawyers, consultants, industry advisors, major energy users and other industry professionals seeking more knowledge about the current electricity industry and future trends

Testimonials

“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

Agenda

The nature of electricity and gas industries

  • Australia’s energy resources within the broader global context
  • The stationary energy sector energy conversion chain
  • Key properties of electrical energy and the electricity industry
  • Managing availability and quality of supply by ancillary services
  • Coal and gas fired power stations, including co- and tri-generation
  • Wind, PV and reversible energy storage
  • Demand side options – efficiency and flexible demand
  • Comparison of options on economic, technical, social and environmental criteria

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, North America and Europe
  • Limitations of present industry design choices and possible future design choices based on “smart-grid” concepts

Design of electricity derivatives & derivative markets

  • Contracts for difference
  • Call and put options
  • More complex derivatives
  • Derivative market designs – OTC & exchanges

Design of the NEM

  • Scope and key features that manage on-going supply-demand balance
  • Participant categories & requirements
  • Spot & derivative pricing using market regions & network loss factors
  • Dispatch, pre-dispatch, PASA, ESOO and NTNDP

Performance of the NEM

  • Security and reliability – history and trends
  • Demand, spot and derivative prices – history and trends
  • Market shares and market power issues
  • Strengths and weaknesses of the present design

Network services in the NEM

  • Services provided by transmission and distribution networks
  • Network ownership, operation, investment and pricing
  • Future trends in network services

Ancillary services in the NEM

  • Frequency-related ancillary services
  • Voltage-related ancillary services
  • Security-related ancillary services
  • Performance to date & future trends

Retail market design and trends

  • Economic, social & environmental objectives
  • Current retail market design & its limitations
  • Possible future directions in retail market design

Overview of current issues for the Australian electricity industry

  • Governance and institutions
  • Transition to a low-carbon future, including challenges of renewable energy and storage integration
  • Network investment and regulation
  • Smart grid, end-user engagement and retail market evolution

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.

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