Three Day United States Energy Industry Seminar: Structured Energy/Power Transactions, Real Options, Retail Electricity Deals & How to Trade Around Energy Assets – Houston, Texas – December 6-8, 2023

DUBLIN, Oct. 27, 2023 /PRNewswire/ — The “Three Day Seminar: Structured Energy/Power Transactions, Real Options, Retail Electricity Deals and How to Trade Around Energy Assets” training has been added to  ResearchAndMarkets.com’s offering.

This seminar is tailored for professionals in regulated and deregulated energy management, as well as those seeking a deeper understanding of the strategies, techniques, and tools employed by energy managers to structure and price profitable energy and power agreements, leverage energy and electric power assets, configure retail power transactions, and enhance profitability.

The program encompasses a broad spectrum of energy and power transactions and assets, illustrating fundamental principles applicable across the energy sector. It delves into potent energy and power structuring and asset trading methodologies, offering practical examples of their application to real-world energy deals and assets.

Additionally, the course delves into topics such as retail electricity pricing structures, RFP proposals, comprehensive requirements contract structures, challenges encountered by provider-of-last-resort entities, switching/migration risk, power purchase agreements, and more.

What sets this course apart is its unique approach, addressing both the deterministic intrinsic value and the concealed “insurance extrinsic value” associated with intricate agreement structures, energy assets, and various opportunities.

Who Should Attend:

This seminar is beneficial for a diverse audience, including energy and electric power executives, legal professionals, government regulators, trading specialists, marketing, sales, procurement, and risk management personnel, as well as accountants, auditors, plant operators, engineers, and corporate strategists.

Typical attendees represent various industries, including energy production and marketing, utilities, financial institutions, industrial enterprises, accounting, consulting, and law firms, municipal utilities, government regulatory bodies, and electric generation companies.

What You Will Learn

Financial engineering and stochastic methods and the statistics of structuringThe economics of electric power generation and how to make money trading between next-day vs. real-time electricity prices.How to trade around, hedge, and monetize natural gas, petroleum and electric power storage, processing, and transmission assets.Surprisingly effective natural gas structured transactions that lock in profits and value.How and why many energy/power market participants “leave money on the table” by undervaluing energy options.How to calculate risk in structured energy products.How to increase asset value and build the business case for electric batteries, renewables and other distributed energy resources.The Intrinsic and Extrinsic “Option Value” of energy & electric power assetsHow to trade around storage, transportation, btu and electric generation assets.How to structure cross-commodity structured transactions.Real Options, Insurance Value and Trading Around a Hedged Asset.The structure of forward tolling, and reverse tolling arrangements — and what to watch out forThe statistics of energy transactions, and how to value opportunities and manage risk.How structured financial transactions can mimic physical energy and electric power assets.How to structure retail energy supply obligations and community choice aggregation deals.And much more!

Key Topics Covered:

DAY 1: FOUNDATIONS OF STRUCTURING

Continental Breakfast opens at 7:45am

8:00 AM DERIVATIVES REVIEW

Swaps, Futures, Options, etc.Structured Contracts – What they are and how they differ from plain vanilla derivativesDeal Capture and Compliance issues with derivatives and structured transactionsRegulatory Issues, ISDA, EEI, FAS133, Dodd FrankFinancing needed for these kinds of transactions – Margining, Counterparty credit, etca€

9:30 AM FINANCIAL ENGINEERING AND STOCHASTIC METHODS

Statistics of StructuringClosed Form and Numeric Pricing Models, Black Scholes, Monte Carlo, Binomial TreesVolatility and ForecastingGeneral Stochastic Price Models

10:30 FUNDAMENTALS OF HEDGING

The GreeksDelta Hedge, Dynamic Hedge, Gamma HedgeFundamental Charting – Payoff Diagrams and Portfolio VaR

1:00 PM RISK IN STRUCTURED PRODUCTS

Risk Analytics and Strategy ToolsCalculating Component Risk, Volatility, Correlation and Portfolio ValueMeasuring Risk in Transactions and Extreme Value RiskVaR – How it’s Calculated and Generalized to Strategy ModelsRisk Adjusted Return on Capital (RAROC) and other Efficiency Frontier Concepts

2:30 PM REAL OPTIONS AND INSURANCE VALUE EXAMPLE

Tolling ContractsThe structure of forward tolling, and reverse tolling arrangements — and what to watch out forA review of an actual tolling-type agreement “term sheet”How tolling arrangements can be used to buy coal and sell natural gas by “wire”.

CLASS ENDS 4:00 p.m.

DAY 2: OVERVIEW OF STRUCTURED TRANSACTIONS

Continental Breakfast opens at 7:45 a.m.

8:00 AM OVERVIEW OF STRUCTURED TRANSACTIONS

Heat Rates and How they are HedgedConverting Coal, Oil and Natural Gas to Equivalent Electric Power PricesSpark Spreads and Market Implied Heat Rates, Spot and Forward Spark SpreadsThe Basics of Spread Trading using a Spark Spread

9:00 AM STRUCTURING STORAGE, TRANSPORTATION AND COMMODITY SPREADS

Time Spreads (Storage)Locational Spreads (Transportation)BTU Commodity Spreads (Generation)

10:30 AM STRUCTURING RENEWABLE, ENERGY EFFICIENCY AND OTHER DISTRIBUTED ENERGY RESOURCES

Building the Business Case for Electricity Storage – An example of optionalityRenewable Portfolio Standards and Wind Energy and PhotovoltaicCost-Effectiveness Calculations of Energy Efficiency

1:00 PM STRUCTURED NATURAL GAS AND PETROLEUM TRANSACTIONS

Hedging Firm TransportationSelling Physical Swing Options to End-UsersTrading Physical in One Location Priced at Index for Another LocationBuying Index with a Floor from a SellerPaying a Premium Over Market and Making a ProfitSelling at a Discount to Market and Making a Profit

1:30 PM RETAIL ELECTRIC STRUCTURING

Power Purchase AgreementsThe role of aggregators, Community Choice Aggregators and Micro-GridsRate Design, Fixed and Variable Costs, AddersContractual IssuesMitigating Risks to ValueDifferent power products/structures (7×8, 2×16)

2:30 PM INTERMITTENT RENEWABLE/DEFAULT SERVICE/PROVIDER OF LAST RESORT/FULL REQUIREMENTS

Pricing the RFPWholesale Portfolios and BiddingManaging Intermittent Renewable RiskManaging Switching/Migration RiskManaging “Full Requirement” Load Shape Risk

CLASS ENDS 4:00 p.m.

DAY 3: STRUCTURED POWER GENERATION TRANSACTIONS

Continental Breakfast opens at 7:45 a.m.

8:00 AM THE ECONOMICS OF POWER GENERATION

Term Trading and Load ObligationIntra-Month BalancingNext-day, Real-Time Balancing, Scheduling and SettlementsHedging & Monetizing Generation AssetsIntrinsic and Extrinsic Valuation of Electric Generation Assets

9:30 AM FINANCIAL CONTRACTS THAT MIMIC PHYSICAL ASSETS

Cross Commodity Energy SwapsSpark Spread OptionsHeat Rate Call OptionsHeat Rate Linked Power Contacts

10:30 AM POWER GENERATOR OPTIONALITY

Owning a physical generation asset;Owning a Spark Spread Call Option;Owning a Heat Rate Call Option;Controlling a generating asset through a tolling arrangement; orUsing a heat-rate-linked power transaction

CLASS ENDS AT NOON

Speakers:

Kenneth Skinner
VP and Chief Operating Officer
Integral Analytics

Kenneth Skinner, Ph.D. is Vice President of Risk & Evaluation Products for Integral Analytics, an analytical software and management consulting firm focused on operational, planning, and market research solutions. Dr. Skinner has over 20 years’ experience in evaluation and risk measurement, having worked as an energy consultant with PHB Hagler Bailly and Financial Times (FT) Energy, and as the Derivative Structuring Manager for the retail energy supplier Sempra Energy Solutions. He has his Ph.D. from Colorado School of Mines, in Mineral Economics, with an emphasis in Operations Research, an MBA from Regis University and his BS in Engineering from Letourneau University.

Dr. Skinner is a nationally recognized expert in economic evaluation and modeling of energy assets including energy storage, distribution and generation, efficiency and demand response, renewable energy alternatives, financial derivatives and structured contracts using net present value, econometric and statistical methods, optimization principles, and real option valuation techniques.

Dr. Skinner is currently the technology columnist for Wiley Natural Gas and Electricity Journal and is a noted speaker on energy related topics for organizations such as AESP, IAEE, ACEEE, PLMA, IEPEC, INFORMS, Infocast, EUCI, SNL Energy and PGS Energy Training.

For more information about this training visit https://www.researchandmarkets.com/r/1djsdf

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