Energyforum
Energy Trading and Energy Derivatives
28-30 October 2008, Barcelona, Spain
Background & objectives
It is assumed that the participants have good
general knowledge of energy markets and some
basic knowledge of derivatives and risk managment.
This course is meant to build and deepen their
knowledge in order to become more successful
traders, analysts and business developers.
The course will be animated by Dr Cyriel de Jong, partner at KYOS Energy Consulting (former Maycroft Consulting) and affiliated to Erasmus University.
The primary course objectives are to
understand more deeply:
-
The developments and major issues in
power and fuel markets in Europe - The drivers and dynamics of energy prices
- The products that are being traded
-
The valuation of energy derivatives and energy
assets -
Trading and hedging strategies of energy derivatives
and energy assets - Approaches to evaluating risk-return trade-offs
Cyriel de Jong
The course will be animated by Dr Cyriel de Jong, partner at KYOS Energy Consulting (former Maycroft Consulting) and affiliated to Erasmus University. Cyriel de Jong has done a great number of projects related to energy derivative valuation, risk management, and investment analysis (primarily involving real options). He is particularly active in the application of energy simulation methodologies to value energy assets, contracts and tradable products.
Publications from Cyriel de Jong include:
-
Editor of the book “A Guide to emissions trading:
risk management and business implications”, Risk
Books, London -
Author of 2 chapters in “Managing Energy Price
Risk”, Risk Books, London, edited by Vince Kaminski -
Author of 8 articles on different topics in Energy
Risk, Commodities Now and World Coal -
Author of a number of business reports, of which
three published by Prospex Research Limited. Topics
include Coal Trading, European Power Trading
and Emissions Trading -
Author of a number of academic publications,
including one in the Journal of Business and in
Studies of non-linear Dynamics and Econometrics
Case studies
Case studies will be used throughout this course in various forms. The cases support the application of the newly gathered knowledge in practical applications. Furthermore, cases stimulate independent thinking and discussion among participants. Some cases are presented and worked out in Excel. Two cases involve our energy trading simulation game. A number of cases are mentioned in the program below but others will be used as well.
