This is a course on practical risk management for energy market participants. The focus of the course is on decision making under uncertainty in the presence of fat tails and Black Swans with emphasis on events in energy markets such as extreme market moves and structural market changes.

Multiple case studies from energy markets, with particular emphasis on recent events as a result of Covid-19, will illustrate the main concepts presented in the seminar.

We will discuss hedging, trading, and risk measurement for energy portfolios in the context of fat tails and Black Swans. We will introduce the concept of fragility in the context of energy market exposures and explore different techniques to make a portfolio robust against extreme market changes. Various case studies will explore successful applications as well as risk management failures and lessons learned.

Knowledge of energy markets and basic statistics such as normal distributions and standard deviation (volatility) and market risk models such as Value at Risk required. Delegates are also expected to be familiar with trading and hedging instruments such as Futures, Swaps, and Options as well as option Greeks such as delta and gamma.

This virtual solution is comprised of three live instructor-led sessions hosted on state-of-the-art training software with video, audio, chat, live polls, competitive quizzes, breakout sessions and much more!  See recorded demonstrations here.  Before each session, delegates will be expected to prepare by reading a series of articles and case studies.