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Category: Tutorial (page 1 of 3)

Tutorial 8: Trading electricity and clearing a transaction on an exchange

trading_power_large (Copyright: Mercuria) In the year 2000 the European Energy Exchange AG (EEX) started its business with electricity and other products. The most important part of their business is the futures market. The spot market is taken care for by a subsidiary company EPEX SPOT.
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Tutorial 7: Trading electricity on an OTC-market and on an exchange

trading_power_large (Copyright: Mercuria) The OTC market (Over-the-Counter-Market) is a bilateral market where deals are done directly between two traders. This is the main difference to trading on an exchange which is anonymous, which means the trading parties don’t get to know each other.
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Tutorial power trading 6: The spot market for electricity

trading_power_large (Copyright: Mercuria) A spot market contract is an agreement to buy or sell a clearly defined amount of a certain good which is traded for immediate delivery at a specific price.
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Tutorial power trading 5: The motivation to trade on the futures market

trading_power_large (Copyright: Mercuria) The motivation to buy futures is basically the protection against price risks or arbitrage and speculation.
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Tutorial power trading 4: Spot -and futures markets

trading_power_large (Copyright: Mercuria) This part is explains specific aspects of trading electricity. There will be a differentiation between the different market segments, over-the-counter and exchange, as well as the different market places, Spot and Futures market. There will also be a distinction made between the trading and settlement level.
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Tutorial power trading 3: Liberalisation of the power sector and the beginning of power trading

In the end of the 90s the European Union decided to liberalize and deregulate the power markets of its member states.
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Tutorial power trading 2: Full supply contracts

As all the risks in a full supply contract are on the supplier’s side, he aims at setting the prices of the full supply contract accordingly. Therefore full supply contracts are generally quite expensive.
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Tutorial power trading 1: Power markets before the liberalization

During the following 10 weeks a new series of tutorials focusing on power trading will be published on CEEN. In this first tutorial the power market before the liberalization is described.
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Tutorial Power Plant Technology Part 24/24: Electricity from renewable energies 10

Wind Farm (lovellconsulting) Each wind turbine has a rated capacity, which depends on the length of the rotor blades and the power rating of the generator. The turbine produces at the rated capacity at a certain wind speed.
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Tutorial Power Plant Technology Part 23/24: Electricity from renewable energies 9

Windrad Among the many possible technical designs for power generation, turbines with a horizontal axis and three blades oriented towards the wind (so-called upwind turbines) are the most successful ones. Depending on the field of application wind turbines with a vertical axis or with more or less than three blades have been developed for niche applications.
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Tutorial Power Plant Technology Part 22/24: Electricity from renewable energies 8

Windrad Air masses that move are called wind. It is created by radiation from the sun onto the earth. Incident irradiation causes the air to heat up, where air with higher temperature has a lower density. The result is the creation of high and low pressure areas.
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Tutorial Power Plant Technology Part 21/24: Electricity from renewable energies 7

Hydro power (emersonprocess) Depending on geographic conditions different types of hydro power stations are being used.
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