Gas & Power Risk Management

Overview

This course provides an in-depth examination of price risk mitigation tools and techniques that will help you survive and even thrive in today’s volatile gas and power markets. Learn which hedging tools are best suited to various market environments. Understand the benefits and limitations of each hedge instrument and how best to apply them given your company’s view of outright price risk as well as basis risk. Let Mr. Richard Weissman, GARP ERP, a world-renowned author and specialist in risk management share techniques, analysis and insights that only his thirty plus years of trading and risk management experience can bring. You’ll gain a practical understanding of outright price risk, basis risk and optionality risk as well as the pros and cons of mitigating physical price risks with each of these tools.


WHY YOU SHOULD ATTEND

This course applies to individuals at all levels of the energy infrastructure, including natural gas and power purchasers, analysts, traders, trade support staff, finance and auditing personnel. Entry-level to intermediate professionals from: wholesale/marketing companies, utilities, back office, commercial hedgers, marketers, endusers, banks, employees of futures exchanges, futures commission merchants, data vendors, pricing publications and government agencies.

WHAT YOU WILL LEARN

  • Best practices for a commercial hedging entity
  • How to establish a corporate risk policy
  • How to design a robust risk management program
  • Determining hedge objectives and strategies
  • Implementation of a daily mark-to-market
  • How to reduce spot market exposures and guard against price spikes
  • How to hedge with futures, options, forwards and swaps
  • Hedge implementation, monitoring and adjustment
  • The differences and similarities of futures, options, swaps and spot markets
  • Real-time hedging examples for various products in natural gas markets using futures and options
  • Setting up exchange-traded futures and options on futures accounts
  • How to initiate and sustain protocols required by external auditors
  • Margins and futures brokers
  • How and when to hedge the basis
  • Commonly employed tools and techniques for risk managers
  • Popular options spread strategies used by commercial hedgers in gas and power

**Approximate price per attendee via Zoom is $1295 USD.

**Approximate price per attendee in-person is $1995 USD.