Online Courses

Introduction to Energy & Electricity Options

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

How this online course works

Natural gas, oil and electricity options (Calls and Puts) are powerful tools which can be used to reduce energy price risk, fine-tune your hedging program, and increase your transaction profits.

This clearly explained training program will provide you with a fundamental understanding of the concepts and terminology of these powerful tools and will help you learn to view the energy and electricity markets from a completely new perspective.

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. What energy and electricity options are and why they are so valuable.
  2. The meaning of "puts", "calls", "intrinsic value", "time value", "deep out-of-the-money" and other options-related terms.
  3. Why capacity payments, demand charges, and reservation charges are just another name for option premiums.
  4. The characteristics of the CME-NYMEX, over-the-counter, and physical options markets and how they differ from each other.
  5. The difference between American, European and Asian-style options.
  6. How CME-NYMEX-traded energy options are bought and sold.
  7. Why one should never "early exercise" an American-style CME-NYMEX or physical options.
  8. How to hedge price risk with energy option by creating price caps, floors & collars.
  9. How a buyer can create a price cap using CME-NYMEX call options (An example).
  10. The three trade-offs that must be considered when hedging with options.
  11. How buyers and sellers can create a "No Cost" price collar using CME-NYMEX options (An example).

Who Should Attend

This training program will benefit a wide variety of organizations and individuals 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.
 
1.5 hour on-demand 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

Special pricing is available for groups of 10 or more. Please email or call (440) 853-1038.

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.
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