Energy Trading Risk Management (ETRM) Fundamentals

Energy trading and risk management (ETRM) is at the core of wholesale power and natural gas markets. This course provides a comprehensive survey of ETRM fundamentals, covering the full life cycle of energy trading—from market structures and commodity fundamentals to scheduling, delivery, and risk management practices.

Attendees will explore organized and bilateral markets, RTO Products, trading natural gas, and renewable energy credits (RECs). The program also addresses operational processes, risk frameworks, and back-office functions critical for compliance and profitability in power and fuel delivery.  This training – designed for front, middle, and back-office professionals – equips attendees with practical knowledge to navigate today’s complex energy markets and optimize trading strategies.

• Comprehend Energy Commodities & Markets
  • Examine the energy supply chain and fundamentals of power and natural gas
  • Identify key characteristics differentiating physical vs. financial markets
  • Explore organized power markets, bilateral trading, and environmental products (RECs, carbon credits)
• Master ETRM Trading Products
  • Define product shapes, price drivers, and risk implications
  • Review standard and over-the-counter (OTC) products, ISO market instruments, and ancillary services
• Navigate Scheduling & Delivery
  • Evaluate core processes for power and gas scheduling, including renewables and e-tags
  • Discuss pipeline operations, transportation services, and imbalance management
• Apply Risk Management Principles
  • Explore market risk metrics (VaR), stress testing, and volatility analysis
  • Analyze the rudiments of credit risk exposure
  • Review risk management controls and monitoring requirements
• Optimize Back-Office Operations
  • Apply insight into settlements, invoicing, and accounting integration
  • Examine regulatory reporting obligations and compliance best practices

This course is open to utilities, power and energy industry operating companies (see above), consumer groups, project developers and regulators only.  Registrations from software vendors and others that do not meet these criteria – or that may be construed as a competitive conflict – will be evaluated on a case-by-case basis and may not qualify for attendance.  Any determination as to the fulfillment of a registration to attend this program shall reside solely with EUCI.  Questions regarding the application of this restriction can be addressed to [email protected].