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Length: Full-day Seminar (agenda below assumes 9:00 am to 5:00 schedule)
General Description
Designed for executives and managers who need to set corporate priorities and policies for trading and risk
management. The course starts by examining the nature of electricity and energy markets and the "risk management mindset".
The seminar next addresses how to develop your organization's risk management policies and procedures including strategy, enforcement, risk limits and the Gamma Criterion. The program then explores defining the corporate portfolio, valuing the portfolio using a payoff diagram and how to use hedging to meet your organization's portfolio objectives. Presented by John Wengler and based on his book Managing
Energy Risk: A Nontechnical Guide to Markets, Trading and Risk (PennWell Books, 2001.)
Benefits of Experience
The Developing Energy Risk Management Policies & Procedures seminar is designed to:
Introduce a non-technical approach to risk policy programs for organizations exposed to volatile power and
energy markets Address the needs of executives who manage traders and related risk professionals, and Enhance existing trading activities and risk control strategies by providing an invigorating overview of the
many important aspects of risk management.
Agenda
Morning
9:00-9:15 am Introduction
9:15-10:00 am The Role of Financial Risk Management for Energy Companies
10:00-10:30 am Financial Markets Overview
10:30-10:45 am Morning break
10:45-12:00 am The Risk Control Infrastructure
12:00-1:00 pm Lunch
Afternoon
1:00-2:15 Derivatives- Forwards, Options and Swaps
2:15-2:30 pm Afternoon break
2:30-3:30 pm The Role of Hedging and Trading
3:30-4:30 pm Portfolio Management and Optimization
4:30-5:00 pm Question and Answer Session
5:00 pm End of session
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