In-person training: Understanding the GB Power Market

Energy UK, in collaboration with LCP Delta, delivers this training course that focuses on financing power stations, generating electricity and trading across markets. This training will provide attendees with a detailed understanding of the main power markets (Wholesale Market, Balancing Mechanism, Ancillary Services, Capacity Market and Contracts for Difference), a breakdown of power asset costs and revenue (Capex, Opex and O&M), network charging, and building the business case for a new asset.

This training course is aimed at:

• Those joining the energy industry as an experienced hire
• Those with a good working knowledge in the energy industry who want further their knowledge of electricity markets
• People who have already attended Energy UK’s ‘Introduction to GB Energy Markets’ training course

The objectives are for attendees to:

• Understand how power is generated and traded. Both areas have seen – and continue to see – significant changes as the GB electricity supply decarbonises, and key trends are explored throughout the course. This covers all key electricity markets:
  • Wholesale Market
  • Balancing Mechanism
  • Ancillary Services
• Another focus is on recent policy interventions to encourage investment decisions which achieve decarbonisation targets, including:
  • Contracts for Differences (CfDs)
  • Capacity Market (CM) to maintain security of electricity supply
• Gain knowledge of UK generation portfolio and how decarbonisation changes the markets
• Exploring future developments in the market, such as Dispatchable Power Agreements (DPAs)
• Understand the challenges facing transmission and distribution networks and how network charges are applied to power assets
• How forecasts are used to build the business case for different types of generation asset

Location:

Energy UK, 26 Finsbury Square, London, EC2A 1DS

This training course is CPD certified.