Course 20 of 20 · Power and Electricity Desk Academy

Integrated Power Desk Simulation

Stage E, Portfolio and desk integration. Level 10 of 10.

Running a full power desk under live-equivalent conditions and reconciling a hedge result against realised settlement end to end.

127 chapters · 12 modules · every chapter one 8 to 10 minute explainer · builds on: Course 08, Course 12, Course 16, Course 19

Enrol or enquire See the 127 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 · 127 chapters

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

M0 The Desk You Inherit at Quarter Open Ch 1-11
  1. Countersigning the Mandate for a Generator and Supplier
  2. The Portfolio Sheet You Did Not Build
  3. The Units You Must Dispatch and Their Operating Envelope
  4. The Wind Sites and the Capture Assumption Nobody Checked
  5. The Industrial Load You Are Already Obliged to Serve
  6. The Baseload Blocks Sold Before You Arrived
  7. Capacity Obligation and Ancillary Commitments Already Signed
  8. Collateral Posted and the Headroom Actually Left
  9. Choosing Limits Tighter Than the Remit Permits
  10. The Quarter Plan You File Before Trading Anything
  11. What the Scoring Rewards Before You Meet It
M1 Reading the Quarter You Have Been Handed Ch 12-21
  1. The Curve on the Morning You Take Over
  2. Does the Spread Still Pay the Units to Run?
  3. The Demand Forecast You Have to Plan Against
  4. The Wind Forecast and the Band You Cannot Narrow
  5. Where the Block Sale Fails to Match the Shape
  6. Interrogating a Fundamentals Pack You Did Not Build
  7. What the Daily Pack Deliberately Leaves Out
  8. Sorting Market Talk From Settlement Fact
  9. Stating a View on the Quarter's Peak Hours
  10. Timestamping the Quarter View Before the First Trade
M2 The Shape Decision You Must Take Now Ch 22-31
  1. Shaped Product or Another Flat Block
  2. Splitting the Cover Between Peak and Off-Peak
  3. Selling the Wind Output Forward, or Carrying the Profile
  4. Covering the Winter Evening Peak for the Supply Book
  5. Paying for Optionality in the Hours You Cannot Forecast
  6. The Hedge You Decline, With the Arithmetic Attached
  7. Sizing the Cover Against the Collateral It Consumes
  8. Committing the Cover and Signing the Residual
  9. The Treasurer Wants Less Cover and More Cash
  10. The Shape Decisions Examined With the Quarter Unplayed
M3 The Day-Ahead Cycle, Run for Real Ch 32-42
  1. Gate Closure in Ninety Minutes
  2. Offering the Units From Your Own Cost Stack
  3. Bidding Demand Against a Forecast You Know Is Wrong
  4. The Clearing Price Comes Back Below Your Variable Cost
  5. The Unit Clears Part Loaded
  6. Reading the Auction Outcome as Information
  7. The Position After Clearing, Restated Half-Hourly
  8. Five Day-Ahead Cycles in Sequence
  9. Chairing the Call Before Gate Closure
  10. The Day You Should Not Have Offered
  11. What the Day-Ahead Week Cost Against the Hedge
M4 Inside the Delivery Day Ch 43-53
  1. The Wind Comes In Two Hundred Megawatts Short
  2. The Cheapest Correction With Forty Minutes Left
  3. The Unit Trips at Seventeen Hundred
  4. Buying Back Into a Thinning Intraday Market
  5. Instructing the Plant Against the Prevailing Price
  6. The Demand Forecast Wrong in the Other Direction
  7. Letting the Imbalance Run on Purpose
  8. The Hour You Were Short in a Tight System
  9. Three Delivery Days Back to Back
  10. The Half Hour Nobody Else Caused
  11. What the Delivery Days Cost, Hour by Hour
M5 Settlement, From Meter to Cash-Out Ch 54-64
  1. The Settlement Run Arrives and Disagrees With You
  2. Tracing One Half Hour Back Through the Metering Chain
  3. Pricing the Period's Imbalance at the Published Cash-Out
  4. Separating Deliberate Short From Operational Error
  5. The Estimated Reading You Cannot Evidence
  6. Reconciling Billed Energy to Allocated Volume
  7. The Reconciliation Run That Reopens a Settled Month
  8. The Charge You Dispute and the One You Pay
  9. Invoicing Your Industrial Customers From Settled Volumes
  10. The Break You Must Disclose as Unexplained
  11. Signing the Settlement Position
M6 Month-End and the First Attribution Ch 65-74
  1. Cutting the Month at a Half-Hour Boundary
  2. Marking the Paper Against Settlement Prices
  3. One Power Book, Three Defensible Results
  4. Block Hedge Against Realised Shape, First Pass
  5. Attributing the Gap to Four Named Causes
  6. The Capture Ratio You Realised Against the One You Assumed
  7. Setting Provisions You Will Be Asked to Justify
  8. The Controller Challenges Your Imbalance Accrual
  9. Reading Your Own Month as Evidence
  10. Rebuilding the Quarter Plan After One Month
M7 Event: The Outage in the Tight Week Ch 75-84
  1. Event: A Forced Outage With Nine Days to Repair
  2. What the Forward Sale Obliges You to Deliver
  3. Replacing the Megawatt Hours at Nine Days' Notice
  4. The Capacity Obligation You May Now Fail
  5. Telling the System Operator and Telling the Buyer
  6. Owning the Cost of the Outage in One Number
  7. Re-Cutting the Dispatch Plan Around a Missing Unit
  8. Defending the Outage Decisions Under Hindsight
  9. Right Decision, Wrong Result
  10. The Fortnight Scored on What You Saw and Said
M8 Event: Negative Prices and a Curtailed Weekend Ch 85-93
  1. Event: The Price Goes Below Zero on Sunday Morning
  2. Paying to Generate, or Shutting Down
  3. The Wind Sites Told to Stop
  4. The Supply Book Gains While Generation Bleeds
  5. Explaining a Negative Hour to a Board That Has Never Seen One
  6. The Hours You Left Uncovered Because They Looked Worthless
  7. Scored Blind on the Negative Weekend
  8. What the Weekend Did to the Quarter's Capture
  9. Rewriting the Shape View After Negative Prices
M9 Event: Cash, Collateral and a Customer Who Stops Paying Ch 94-104
  1. Event: Four Margin Calls in Four Days
  2. Funding the Calls Without Lifting the Cover
  3. Asked to Close the Hedge Protecting Your Winter Sales
  4. A Paper Loss With the Generation Gain Unbooked
  5. Event: An Industrial Customer Stops Paying
  6. Stopping Supply to a Site That Owes You Money
  7. Declaring Default and Pricing the Lost Load
  8. The Deposit and Guarantee That Prove Thin
  9. Cover Sized for Load That No Longer Exists
  10. The Credit Line Trimmed in the Coldest Week
  11. The Warnings Already Sitting in Your Own Data
M10 Event: The Constraint and the Unfamiliar Market Ch 105-113
  1. Event: A Constraint Separates Your Plant From Your Load
  2. Measuring the Basis Between Generation and Demand
  3. Hedging a Location You Cannot Trade
  4. The Interconnector Flow That Reverses Mid-Week
  5. An Offer From a Market Whose Rules You Have Not Read
  6. Restating an Unfamiliar Settlement Convention in Desk Terms
  7. Declining the Cross-Border Trade and Writing Why
  8. Reporting a Limit Breach Caused by Price Separation
  9. The Constraint Events Scored on Anticipation
M11 The Final Close and the Defence Ch 114-127
  1. The Last Delivery Day of the Quarter
  2. Closing the Paper and Reporting What It Tracked
  3. Settling Every Open Dispute to a Figure
  4. Shutting the Quarter Down in a Pack You Cannot Amend
  5. Block Hedge to Realised Settlement, End to End
  6. Ranking the Causes of the Gap
  7. Every Pound From Collateral Posted to Final Cash-Out
  8. Two Pages for Whoever Takes the Desk Next
  9. The Gap Between Your Logged Reason and Your Action
  10. The Panel Takes the Cover and the Shape
  11. The Panel Takes the Delivery Days
  12. The Panel Takes the Money and the Settlement
  13. The Question You Have to Refuse to Answer
  14. What a Single Quarter Could Not Test

The brochure gives each of these 127 chapters a paragraph on what it covers and what you can do once you have worked through it.

This is course 20 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