Online Seminars

Heat Rates, Spark Spreads, and The Powerful Technique of Heat Rate Linked Power Transactions

Live Online Seminar: August 21st 1:00 pm - 2:30 pm (U.S. EDT)
On-Demand Recording Available August 28th (72 hour access)

How These Online Seminars Work

This seminar begins by explaining operating heat rates, economic heat rates, spark speads, market implied heat rates, and negotiated heat rates.

You will then learn the powerful technique of heat-rate-linked power transactions which can be used in many ways to sell power (even from solar and wind farms), financially hedge electricity price risk with liquid natural gas financial products, mimic physical generating assets, and potentially structure profitable arbitrage transactions between the natural gas and electric power markets.

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. What operating and market implied heat rates are, and how they are expressed.
  2. The difference between a generating plant's operating heat rate and its economic or conversion heat rate.
  3. How to correctly convert coal, oil and natural gas prices to equivalent electric power prices.
  4. How to correctly calculate fuel quantities. (For example, how many MMBtus per day of natural gas is required to serve a 50 MW on-peak power deal?)
  5. What spark spreads and darke spreads are.
  6. How heat-rate-linked power transactions can hedge a generator's cross-commodity risk.
  7. How heat rate deals can be used to convert natural gas futures, options, and swaps into electric power financial instruments which can then be used to manage electricity risk and structure profitable transactions.

What You Will Also Learn

  1. How a heat-rate-linked power transaction can potentially be used to price a power purchase agreement for a wind or utility-scale solar farm. (Example #1)
  2. How heat-rate-linked power transactions can be used to hedge electricity price risk. (Example #2)
  3. How heat-rate-linked power transactions can be used to contractually mimic the benefit of a physical gas-fired generating plant and potentially arbitrage natural gas/electricity price discrepencies. (Example #3)

Seminar Agenda

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.

Who Should Attend this Seminar

This seminar will benefit those organizations and professionals interested in learning the relationship between coal, natural gas and electric power prices and how heat rate transactions can be used to sell power, manage electricity risk, and structure profitable transactions.Electric generators, power marketers,energy producers, utilities, banks, law firms, municipals, ISOs, industrial companies, and electric generators will gain valuable insights, as will energy and electric power executives, traders, marketers, (sales, purchasing & risk management professionals), accountants, trading support staff, auditors, attorneys, government regulators, rate-making specialists, plant operators, engineers and corporate planners.

Prerequisites and Advance Preparation

This fundamental level group live seminar has no prerequisites, but a basic understanding of electricity and natural gas units (MWhs, MMBtus) and futures hedging will be helpful.

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

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.

Seminar Price

$245 for the first attendee, $99 for the second attendee, and $99 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.

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