Online Seminars

Energy Risk Management Fundamentals

On-Demand Recording Available September 23rd (72 hour access)

How These Online Seminars Work

This fundamentals seminar 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 seminar 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 seminar features the same material used in the popular PGS in-person classroom training program. Register today and join the over 10,000 energy professionals who have already benefited from an in-depth PGS seminar.

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

Who Should Attend this Seminar

The course 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 course is not overly analytical, but rather summarizes these important techniques used by DSM professionals.

Prerequisites and Advance Preparation

This fundamental level group live seminar has no prerequisites. No advance preparation is required before the seminar.

Why Choose PGS?

PGS seminars are known for their clear explanations and in-depth content. Register for a PGS class today, and join the over 10,000 energy professionals who have already attended one of PGS's proven programs.

Instructor

Ken 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.

Seminar Price

$395 for the first attendee, $195 for the second attendee, and $95 for each attendee thereafter
for either the live or on-demand version of this seminar.

Payment and Cancellations

Payment is required prior to seminar attendance. Payment can be made by Visa, Master Card, or American Express. Seminar purchases will be charged to your credit card at the time of registration unless other arrangements have been made.

Live seminar registrations can be cancelled for a full refund up to 5:00 PM (U.S. Eastern Time) two (2) business days before the scheduled seminar date. For example if the live seminar is on Thursday then the cancellation would need to occur by 5:00 PM Eastern Time on the Tuesday before the seminar. No refunds will be made thereafter, but a streamed recording of the live seminar can be provided. Attendee substitutions may be made at any time. 

Due to the nature of a recorded event, no refunds can be made for on-demand recorded seminars. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (440) 853-1038.

PGS Energy Training · 26 Teal Lane · Hilton Head Island, SC 29926
Tel: (440) 853-1038 · Fax: (866) 230-1261 · newinfo@pgsenergy.com · Privacy Policy