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Understanding the GB Power Market

Understanding the GB Power Market

Date: Monday 12 September 2022
Time: 10.00-16.00

Energy UK, in collaboration with LCP, deliver 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

Price

  • £175 +VAT EUK member
  • £350 +VAT Non-member
  • £100 +VAT Student

This training course is CPD certified


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