Aim of the Course
The purpose of the course is to give the participants a broad understanding of the Nordic power market and provide participants with varied backgrounds a clear understanding of the difference between the physical and financial market place, the role of the different market participants, the products and markets that are offered in addition to trading and settlement, clearing, surveillance and data services.
Physical Market Introduction
Nord Pool offers day-ahead and intraday markets to its customers. The participant will learn about the physical market, its different market mechanisms, price influences and principles behind the calculation of prices and physical power flows.
Financial Market Introduction
Nasdaq Commodities offers power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services. The participant will gain deeper insight into product structures and how hedging based on financial contracts, combined with physical procurement at national or regional spot markets, work together. In addition the participant will get aquainted with settlement and clearing services as well as market surveillance.