Online Courses

Introduction to Energy/Electricity Commodity Markets

1.25 hour on-demand seminar with Live Q&A
Available Now. (96 hour access)

How this online course works

Forward energy markets, CME-NYMEX, ICE Futures, financial institutions, wholesale energy merchants, power marketers, and electronic energy/electricity trading platforms such as "ICE OTC" directly impact the profitability and risk management activities of many companies in the natural gas, electric power and petroleum industries.

This comprehensive fundamental online training program is for anyone who seeks a solid introduction into this fascinating world, its participants, and the powerful financial instruments it trades.

The CME-NYMEX and ICE energy and electricity futures contracts are critical industry tools for risk management and the structuring profitable energy/power transactions.

Whether you know it or not, these markets directly impact the profitability and risk management activities of your company.

This fundamental online training program is for anyone who desires a solid understanding of this important financial world and its participants.

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. The structure, function and terminology of spot, cash, and forward natural gas, oil, and electricity commodity markets, and what energy derivatives are.
  2. The three different types of forward energy markets (futures, financial over-the-counter & physical) and how these markets relate to each other including the differences between physical and financial natural gas and power.
  3. An overview of the large and private ICE OTC over-the-counter electronic energy market and the importance of liquidity. 
  4. How forward financial markets reduce risk and add value for energy consumers, producers and electric generators.
  5. An overview of the large and private ICE OTC over-the-counter electronic trading platform, the importance of liquidity, and what "clearing a trade" means with the CME Clearinghouse and ICE CLEAR.
  6. The difference between brokers, FCMs, traders, dealers, market-makers, marketers, power marketers, and wholesale energy merchants, and how they make their money.
  7. The meaning of "bid/offer spread" and other transaction terminology.
  8. The difference between price and "basis" risk.
  9. Why the hedging needs of energy producers and end-use consumers are different from those of energy marketers, oil refiners and gas/coal fired electric generators.
  10. The difference between price and spread hedgers.
  11. What liquidity risk is, and why it is a critical issue for energy markets and traders.
  12. The structure, function and terminology of spot, cash & forward natural gas, oil and electricity markets, and what energy derivatives are.

What You Will Also Learn

  1. The difference between physical and cash settled energy futures contracts and why the same financial instrument can have ten different names.
  2. Why the futures market is a game of virtual promises, how futures trading adds value to the industry, why trading is a zero sum game, and why futures trades do not directly affect delivered physical volumes.
  3. A summary of energy futures contracts and how the CME-NYMEX and ICE Futures Exchanges operate.
  4. How the "ICE" and CME-Globex trading platforms work, and how trades are cleared through the CME Clearinghouse and ICECLEAR.
  5. How cash margining and your futures brokerage account works, and how cash management/funding risk can blow up even prudent hedges.
  6. What energy and electricity commodity swaps/cfds are, and how these instruments are similar to financial futures contracts.
  7. An overview of the large and private ICE OTC over-the-counter electronic energy market, the importance of liquidity, how the "ICE" and CME-Globex trading platforms work, and how trades are cleared through the CME Clearinghouse and ICECLEAR.

Who Should Attend

This training program will benefit a wide variety of organizations in the electric power, financial and energy industries. Professionals from banks, energy producers, utilities, energy marketers, industrial companies, electric generators, and liquids processors will gain valuable insights, as will natural gas, oil and electric power executives, traders, marketers, (sales, purchasing & risk management professionals), accountants, economists, trading support staff, auditors, attorneys, government regulators, rate specialists, plant operators, engineers and corporate planners.

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.

Instructor

John Adamiak
President PGS Energy

John Adamiak is President and Founder of PGS Energy Training and an expert in energy derivatives and electric power markets. Mr. Adamiak is a well-known and highly effective seminar presenter who has over 20 years experience in the natural gas and electric power industries. His background includes 15 years as a seminar instructor, 9 years of energy transaction experience, and 6 years of strategic planning and venture capital activities. John's academic background includes an M.B.A. degree from Carnegie Mellon University.

On-Demand Access Time

The on-demand training presentation is available for a total of 96 hours from the time the training program is first viewed. After 96 hours, your access to the online presentation will expire. However the PDF training program slides and other materials you receive are yours to keep.

Program Pricing

 PGS online courses are known for their clear explanations and in-depth content.
 
On-demand 1.25 hour onlne seminar with Live Q&A - Available Now. (96 hour access)

$245 for the first attendee, $195 for the second attendee, and $95 for each attendee thereafter

Payment and Cancellations

Payment is required prior to training program access. Payment can be made by Visa, Master Card, 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.
PGS Energy Training · 26 Teal Lane · Hilton Head Island, SC 29926
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