ONLINE COURSES

Energy Analytics

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AKS-203
Energy Risk Management Fundamentals
1/2 day on-demand seminar with Live Q&A
Available Now (15 day access)

This fundamentals online training program takes participants from the basic statistics underlying value-at-risk (VaR) to the most sophisticated techniques used by energy companies today. Learn how a set of effective planning tools can be used to frame, analyze and manage your organization's exposures. In addition to presenting the fundamental concepts of VaR, EaR and risk management, this training program will also address the financial hedging tools that are required to effectively manage energy risk. Learn a comprehensive energy risk management methodology that addresses energy risk from the strategic perspective of the enterprise level all the way down to the detailed management of specific individual risks.

This proven online training program features the same material used in the popular PGS in-person classroom seminar. Register today and join the over 10,000 industry professionals who trust PGS for their energy training needs.

What You Will Learn
  1. Strategic Risk Management Plan and why it's important.
  2. Risk framing to identify, assess, control and monitor energy risk.
  3. Fundamentals of hedging energy risk exposure using spot purchases, forward contracts and options.
  4. Layered hedging strategies for volatile energy markets using triggers and stop losses in dynamic hedging decisions.
  5. Risk Quantification (Tools) including VaR, TEVaR, CFaR, EaR.
Seminar Agenda
  • Introduction to Risk Management
  • What it is
  • Why it's important
  • Keys to Successful Enterprise Wide Risk Management
  • Defining Enterprise Risk Management
  • Key Elements of Enterprise Risk Management
  • Setting up a Enterprise Management Framework
  • Strategic Risk Management Planning
  • Identifying Risk
  • Understanding Risk
  • Quantifying Risk
  • Risk Computational Methods
  • Analytical Methods
  • Historical Methods
  • Monte Carlo Methods
  • Fundamentals of Hedging Energy Risk
  • Review of Hedging Strategies
  • Comparing Hedging Instruments
  • Case Study - Hedging Energy Exposure
  • Spot Market
  • Fixed Price
  • Collar
  • Combinations of Spot, Fixed, Collar and Call
  • Case Study - Layered Hedging Strategy
  • Statistics Based Hedging
  • Setting Trigger Levels
  • The Importance of the Long-Run Sustainable Price
How This Online Course Works

Get the best of both worlds with this blended learning approach.

  1. Learn at your own pace and on your own schedule as you first enjoy the internet-streamed, on-demand seminar. Speed up, slow down, or repeat sections of the presentation.
  2. Upon completion, join us for one of our regularly scheduled live online Q&A sessions. A calendar of live Q&A dates and times is provided in the program access instructions you will receive. You can also email your questions directly to the instructor.
Course Access

You will receive immediate online access to the on-demand training presentation. The audio for the online seminar is only available through your computer or other Internet connected device. You will also receive links in your access instructions to PDFs for all the presentation materials in case you want to print or keep a copy.

The on-demand training presentations are available for a total of 15 days from the time any one of the training presentations is first accessed. After 15 days, your access to the on-demand presentations will expire. However the PDF formatted training program slides and other documents you receive are yours to keep.

Your Instructor
Ken Skinner, Ph.D.
Vice President Integral Analytics Inc.

Dr. Skinner is a Vice President for Integral Analytics Inc. (IA), an energy conservation focused analytical planning software and consulting firm. IA is fully owned by Willdan, an industry-leading energy solutions provider and sustainability consultant. Dr. Skinner supports core energy risk management and sustainability services including electric grid optimization, integrated resource planning, design and implementation of integrated demand side projects and distributed energy resources. He is part of a team specializing in energy engineering, renewable generation, electric vehicle fleets and infrastructure, program management, microgrids, financing, data analysis, software development, and other fields.

Dr. Skinner has over 20 years of energy industry experience developing energy conservation and commodity supply strategies involving portfolio risk management, hedging strategies, and least-cost supply opportunities. Having worked as an energy consultant, Dr. Skinner has significant experience in economic analysis and modeling of distributed energy projects, forward energy prices, financial derivatives, and valuation of energy assets using econometric analysis, statistical methods, optimization principles, real option valuation techniques. Dr. Skinner is widely published having served as the technology columnist for Wiley Natural Gas and Electricity Journal. He 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.

Program Pricing
$395 for single attendee, $295 per attendee thereafter.
Special pricing is available for groups. Please click here for more information.

If you have additional questions please email customercare@pgsenergy.com or call (440) 853-1038.
Payment and Cancellations

Payment is required prior to training program access. Payment can be made by Visa, Mastercard, American Express, or corporate check. Your credit card will be charged at the time of registration unless other arrangements have been made.

Cancellations for online training programs can be made before the program access instructions are sent by PGS, and cancellations will result in a credit. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (440) 853-1038.

Who Should Attend

The training program is designed for those who desire a fundamental understanding of this vital topic including utility employees, commission staff, energy service professionals, and others. The course is designed to provide a solid understanding of the principles and terminology of EE and DR programs, and provide an introduction to the advanced analysis techniques and models that are used by program planners and evaluators. The training program is not overly analytical, but rather summarizes these important techniques used by DSM professionals.

Prerequisites and Advance Preparation

This fundamental level online training program has no prerequisites. No advance preparation is required.

Why Choose PGS?

PGS training programs are known for their clear explanations and in-depth content. Register today, and join the over 10,000 industry professionals who trust PGS with their energy training needs.