Course 17 of 20 · Power and Electricity Desk Academy

Regional Power Market Specialisation

Stage D, Specialised products and regional practice. Level 8 of 10.

The method for reading an unfamiliar national market's codes, rules and settlement conventions and restating them in desk terms.

122 chapters · 12 modules · every chapter one 8 to 10 minute explainer · builds on: Course 03, Course 08, Course 09

Enrol or enquire See the 122 chapters
How a chapter is sized

One chapter is one idea taken to the point of use

Each chapter is a single self-contained explainer of 8 to 10 narrated minutes, covering one idea to the point where you can use it.

Chapters run in order. Each one assumes only what the chapters before it taught, and capability belonging to a later course is named and deferred rather than half-covered.

Curriculum

12 modules · 122 chapters

Open any module for its full chapter list, in teaching order.

M0 The Specialisation Problem Ch 1-10
  1. Why a Power Desk Cannot Simply Travel
  2. What Travels Between Electricity Markets and What Does Not
  3. The Four Questions That Open Any New Market
  4. The Price of Treating Your Home Market as Normal
  5. Translation Rather Than Memorisation
  6. The Market Dossier as the Deliverable
  7. Who on the Desk Needs Which Answer
  8. How Long an Onboarding Honestly Takes
  9. Three Archetypes Used Throughout
  10. Map of the Method and Where It Stops
M1 The Documents That Bind a Participant Ch 11-20
  1. Which Documents Actually Bind You
  2. Statute, Secondary Legislation and the Regulator's Decisions
  3. The Grid Code and the Obligations It Creates
  4. The Trading or Market Code
  5. The Metering and Settlement Code
  6. Operator Procedures, Manuals and Market Notices
  7. Licence Conditions Attached to Your Own Entity
  8. When Two Documents Disagree
  9. Dating Everything You Read
  10. The Document Register
M2 The Institutional Map Ch 21-30
  1. Separating the System Operator From the Market Operator
  2. Who Instructs a Unit and Who Clears a Trade
  3. The Settlement Agent and the Path of the Money
  4. Metering Responsibility and the Data Collection Role
  5. The Distribution Operator as a Commercial Party
  6. The Regulator, the Ministry and the Appeal Route
  7. The Exchange, the Broker and the Clearing House
  8. Industry Committees and How a Rule Gets Changed
  9. Naming the Counterparty Behind Every Obligation
  10. Drawing the Institution Chart
M3 The Market Clock Ch 31-40
  1. Finding the Settlement Period Length
  2. The Traded Product Granularity Against the Settled One
  3. Local Time, Clock Changes and the Two Odd Days
  4. Gate Closure and the Hours Before It
  5. Translating a Day-Ahead Timetable
  6. Intraday Windows and Continuous Session Hours
  7. Where the Operating Day Starts and Ends
  8. Holiday Calendars and the Local Definition of Peak
  9. Deadlines That Carry a Financial Penalty
  10. The Desk Clock for a New Market
M4 Dispatch and Scheduling Models Ch 41-50
  1. Central Dispatch and What It Removes From You
  2. Self-Scheduling and the Duty to Follow Your Own Plan
  3. Financial Consequence Without a Physical Instruction
  4. Unit-Based Against Portfolio-Based Submission
  5. Who Holds the Plant Model
  6. Technical Parameters You Are Obliged to Submit
  7. Priority, Must-Run and Non-Dispatchable Treatment
  8. Redispatch Instructions and How They Are Paid
  9. What the Dispatch Model Does to Your Position Report
  10. Classifying an Unfamiliar Market by Its Dispatch Model
M5 The Published Price Objects Ch 51-60
  1. Inventorying Every Number a Market Publishes
  2. Which Published Price Settles Which Obligation
  3. The Day-Ahead Clearing Price as a Contract Reference
  4. Real-Time and Balancing Prices Side by Side
  5. Administered Prices, Caps and Floors
  6. Two-Settlement Arithmetic in an Unfamiliar Market
  7. Where the Index a Contract Names Actually Comes From
  8. Currency, Units and the Conversion That Goes Wrong
  9. Publication Lags and Provisional Numbers
  10. The Price Inventory a Dossier Carries
M6 Settlement Conventions as a Translation Problem Ch 61-71
  1. Reading an Imbalance Price Rule You Have Never Seen
  2. Single and Dual Imbalance Pricing Compared
  3. Where Balance Responsibility Sits
  4. The Balancing Group and Whether You Can Hold One
  5. Metering Granularity and Profiled Consumption
  6. The Settlement Calendar and Its Successive Runs
  7. Correction Windows, Resettlement and Finality
  8. Default, Non-Delivery and Socialised Cost
  9. Reconciling a Statement in an Unfamiliar Format
  10. Turning a Settlement Rule Into a Risk Number
  11. The Settlement Comparison Sheet
M7 Access, Registration and the Right to Trade Ch 72-81
  1. The Authorisation a Participant Must Hold
  2. Registering as a Market Participant
  3. Registering a Meter Point or a Generating Unit
  4. Local Credit Assessment and the Security Demanded
  5. Local Entity, Tax Registration and Invoicing Rules
  6. Connectivity, Identifiers and Message Formats
  7. Posting Collateral in a Currency You Do Not Fund
  8. Suspension, Default and Leaving a Market
  9. The Onboarding Critical Path
  10. What Entry Costs Before the First Trade
M8 Charges, Levies and Support Schemes Ch 82-91
  1. The Non-Energy Stack on a Local Invoice
  2. Use-of-System Charges and Who Actually Pays Them
  3. Transmission Losses and How They Are Allocated
  4. Levies That Fund Renewable Support
  5. Capacity and Reliability Charges Found Locally
  6. Taxes, Withholding and Energy Duties
  7. Whether Local Rules Let You Pass a Charge Through
  8. Charges That Depend on Your Own Peak
  9. Separating a Wholesale Price From a Delivered Cost
  10. The Charge Catalogue a Dossier Carries
M9 The Dossier and the Translation Sheet Ch 92-101
  1. What a Finished Dossier Contains
  2. The One-Page Translation Sheet
  3. Mapping Local Vocabulary Onto Desk Vocabulary
  4. Writing the Position Definition for a New Market
  5. Writing the Exposure Definition for a New Market
  6. Configuring the Trading System for a Local Design
  7. The Control Set a New Market Needs on Day One
  8. Handing the Dossier to Operations and Finance
  9. Reviewing a Dossier Somebody Else Wrote
  10. Keeping a Dossier Alive
M10 Three Onboardings Worked Ch 102-112
  1. A Zonal Market With One Imbalance Price, Part One: The Read
  2. A Zonal Market With One Imbalance Price, Part Two: The Month
  3. A Nodal Central-Dispatch Market, Part One: The Read
  4. A Nodal Central-Dispatch Market, Part Two: The Month
  5. A Young Market With Administered Elements, Part One: The Read
  6. A Young Market With Administered Elements, Part Two: The Month
  7. The Three Archetypes on One Sheet
  8. The Same Hedge Settled Three Ways
  9. Where Each Archetype Punishes a Visitor
  10. Choosing Which Market to Enter First
  11. A Market Rejected, and Why
M11 Living With a Specialisation, and Its Limits Ch 113-122
  1. The Rule Change Notice and the Week After It
  2. A Change That Moves Your Position Definition
  3. Market Suspension and Emergency Arrangements
  4. An Error Found Long After Settlement
  5. Holding Two Markets in One Head
  6. Training a Successor on a Market You Own
  7. One Market Onboarded End to End
  8. What Reading the Rules Cannot Tell You
  9. Where Local Knowledge Beats Documentation
  10. Carrying the Method Into Cross-Border Work

The brochure gives each of these 122 chapters a paragraph on what it covers and what you can do once you have worked through it.

This is course 17 of twenty

It stands alone, and it is also the entry point to the Power and Electricity Desk Academy pathway.

Enrol or enquire See the whole pathway