Commodity Desk Academies

Power and Electricity Desk Academy

Twenty courses. Beginner to advanced. No course assumes what it has not taught.

The learner must be able to take a wholesale hedge that looks profitable on a block basis, trace the realised loss back to hourly shape, forecast error, plant outages and imbalance settlement, and state how much of the gap each cause contributed.

20 courses · 100 to 130 chapters each · every chapter one 8 to 10 minute explainer · self-paced

Enrol or enquire See the twenty courses
The pathway

Twenty courses in dependency order

A course may only assume capability taught by a lower-numbered course, and the level column never falls as you move down the table.

#CourseLevelBuilds onWhat this course owns
AElectricity foundations
01Electricity Business & Commercial Flows1/10noneThe physical and contractual chain from generator to consumer and the points at which title, risk and money change hands.
02MW, MWh, Time Blocks & Load Shapes1/1001The conversion between capacity, energy and time blocks, and the reading of a half-hourly or hourly load shape.
03Market Designs & Price Formation2/1001, 02How a given market design clears a price and what that clearing price does and does not represent.
04Generation Economics & Merit Order2/1002, 03The build of a unit variable cost stack and the ranking of plant into a merit order.
BMarket execution
05Wholesale Contracts & Trading Products3/1002, 03, 04The contractual architecture of baseload, peak, block and shaped wholesale products and the obligations each creates.
06Day-Ahead Trading & Auctions3/1003, 05The preparation and placement of day-ahead auction bids and the interpretation of the auction clearing outcome.
07Intraday Trading & Position Adjustment4/1002, 05, 06The adjustment of an open position inside the delivery day against revised demand forecasts and plant availability.
08Metering, Imbalance Settlement & Reconciliation4/1002, 06, 07The metering-to-settlement data chain and imbalance cash-out, taught as one national arrangement among several and never as a universal electricity-market rule.
CCommercial exposure and hedging
09Congestion, Nodes & Transmission Exposure5/1003, 04, 06Locational price separation, nodal and zonal basis, and exposure created by transmission constraints.
10Thermal Generation, Spark Spreads & Tolling5/1003, 04, 05Spark and dark spread construction, heat rate sensitivity and tolling agreement economics.
11Renewable Capture Prices & Curtailment5/1002, 03, 09Capture price, profile loss and curtailment economics for weather-driven generation.
12Forwards, Futures & Shape Hedging5/1005, 09, 10, 11Hedging a shaped position with forward and futures instruments and quantifying the residual a block hedge leaves behind.
13Collateral, Margin & Working Capital for a Power Book6/1005, 06, 12The collateral, initial and variation margin, and working capital cycle that a hedged power book consumes.
DSpecialised products and regional practice
14Industrial Supply & Shape Pricing6/1002, 12, 13Pricing a shaped industrial supply contract, including volume tolerance, pass-through and credit terms.
15Ancillary Services & Capacity Markets7/1003, 04, 07Ancillary service products and capacity market obligations as a combined revenue and obligation stack.
16Negative Prices, Scarcity & Options7/1004, 12, 15Negative pricing, scarcity pricing and the option value of flexible assets and contracts.
17Regional Power Market Specialisation8/1003, 08, 09The method for reading an unfamiliar national market's codes, rules and settlement conventions and restating them in desk terms.
18Cross-Border Power & Interconnector Economics8/1003, 09, 17Cross-border flow, interconnector capacity allocation and price coupling economics.
EPortfolio and desk integration
19Generation, Supply & Hedge Portfolios9/1011, 12, 13, 14The consolidation of generation, supply and hedge books into a single portfolio view with aggregate risk and management reporting.
20Integrated Power Desk Simulation10/1008, 12, 16, 19Running a full power desk under live-equivalent conditions and reconciling a hedge result against realised settlement end to end.

Every course states the capability it owns. The brochure carries the same table plus the chapter list behind each course, which is the quickest way to find the course that teaches the thing you cannot currently do.

Crash course

The whole desk end to end, in one programme

The twenty courses take one capability at a time, in dependency order, for someone building from the ground up. The Power Desk Master Programme does the opposite: it runs the whole electricity desk front to back in a single sequence, for someone who already works on a desk and wants the shape of the job quickly rather than the long route.

Take whichever matches your starting point. They cover the same ground and several of the numbered courses draw on the same material.

See the electricity master programme

Take one course, or the whole pathway

Each course stands alone. Taken in order, the twenty build one desk capability from no prior knowledge.