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Introduction to Balancing Markets Training lead
Introduction to Balancing Markets
  • Course Outline

  • Agenda

  • Instructors

  • Registration

  • Methodology

    This course is specifically designed for experts working in the field of electricity markets who want to understand and learn more about a very important function performed by transmission system operators and market players: balancing electricity markets and the involved ancillary services. This function plays a crucial role in ensuring security of supply and has an important effect on the final cost to consumers. Integration of national balancing markets could contribute to enhanced security of supply and to decreasing electricity prices so there is a strong argument for developing cross border balancing markets.

    Course Agenda

    1ORIENTATION DAY & SYSTEM TEST FOR PARTICIPANTS
    • Wednesday, September 21 from 09:30 CEST. Convert to your time zone.
    2WEEK 1: September 26 - 30
    • Introduction: Where does balancing market fit in the overall market concept
    • Definitions: Balancing vs. Ancillary Service
    • Key Building Blocks in a Balancing Market
    • International Examples
    3WEEK 2: October 3 - 7
    • National vs. Regional Balancing
    • Regulatory Aspects of Balancing Services
    • The New SAPP Regional Balancing Market
    • National Balancing Market Case Study

    For detailed agenda please contact the ERRA Secretariat.

    Meet the Course Director

    Introduction to Balancing Markets

    Hans-Arild Bredesen

    Course Director


    CEO, Bredesen Consulting, Norway

    Hans-Arild has extensive international experience from designing and implementing various power market design and trading arrangements since 1992 where he initially was involved in developing the first market systems at Nord Pool.

    Hans-Arild has been involved in developing new product offerings in the continuous evolving electricity markets worldwide and had key roles in the development of strategies and detailed national and regional power market design for regulators, power exchanges and system operators in more than 20 countries/regions worldwide.

    Hans-Arild is the CEO of Bredesen Consulting and is an associate of Nord Pool Consulting (where he recently was the CEO). He is also board member of NODES, the European marketplace for trading local flexibility.

    Guest Speaker

    Graeme Chown, ERRA Speaker

    Dr Graeme Chown


    Managing Director, Chown and Associates, South Africa

    Dr Graeme Chown is managing director of Chown and Associates which was formed in 2020.  Dr Graeme Chown is a power systems control and operations specialist with over 30 years’ experience in the electricity industry. He has extensive experience in power system operations, generation scheduling and dispatch, interconnected operations, electricity markets, electricity regulation, ancillary services, energy storage, variable renewable energy studies, transmission pricing, power system studies, power system modelling, and power station control.

    Previously Graeme worked 15 years for Ricardo South Africa and 18 years for Eskom. He is a registered professional engineer with Engineering Council of South Africa and a member of the South African Institute for Electrical Engineers.

    Registration

    Sign up here
    EUR450+ 27% VAT

    ERRA Members

    EUR700+ 27% VAT

    Non-ERRA Members

    Methodology

    Introduction to Balancing Markets
    Instructor-led real-time recorded presentations
    Introduction to Balancing Markets
    Online Tutoring
    Introduction to Balancing Markets
    Reading Materials
    Introduction to Balancing Markets
    Final Test

    The training is based on a self-paced collaborative e-learning platform that features a combination of real-time interactive presentations by the instructors, online tutoring at pre-announced times, reading material related to the course modules and weekly assignments.

    • Proposed average weekly engagement: 8-10 hours
    • Live Sessions are starting at 09:00 CEST (GMT+2, Budapest time). | Convert to your time zone

    The course will run for 2 weeks with the following weekly sequence:

    • Mondays

      Real-time presentations on the presented materials. Presentations will be followed by Q&A sessions. Presentations will be recorded and made available to those who could not join the real-time presentations.

    • Tuesdays

      Real-time presentations on the presented materials. Presentations will be followed by Q&A sessions. Presentations will be recorded and made available to those who could not join the real-time presentations.

    • Wednesdays

      Self-paced work.
    • Thursdays

      Online tutoring with the Course Instructors of the week.
    • Sunday (on Week 2)

      Submission deadline of final multiple choice test.
    • Completion

      5 CER credits will be awarded to those participants who successfully completed the course. Learn more about ERRA Certified Energy Regulator Programme.

    Interested in other topics?

    Check our upcoming training courses and webinars in energy regulation.
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