Introduction:
Energy economics: what is it? The supply and consumption of energy in societies is a large area of study. It includes researching energy sources and products. Additionally, a great deal of research has been done on the underlying factors that drive businesses to supply, convert, transport, use energy resources, and dispose of residuals. Energy policy is at the center of energy economics. A strategy for addressing challenges with energy production, distribution, and consumption is energy policy. Energy policy has a variety of features, such as taxation and energy conservation. For the purposes of manufacturing, transportation, and delivery, energy and the proper management of it are essential to a thriving economy.
Course Objectives
The main objective of this Energy Economics and P training course is to empower professionals with—
Detailed information and knowledge of energy economics
the required awareness and understanding of international standards and concepts that could be applied for organisational development and operational enhancement
The necessary skills and experience to train other professionals regarding best practices of energy economics
the experience and exposure to address appropriate aspects of climate change, energy policy, etc.
the required analytical skills to accurately assess supply and demand
The skillset and capabilities to work with various energy models to increase efficiency and overall delivery
the experience and expertise to assess risks and challenges and make changes for effective resolution and risk mitigation
the overall skill set and capabilities to effectively manage the energy economics for your organization, thereby demonstrating potential and talent and increasing opportunities for career growth and progression
Organizational Benefits
By professionals undertaking this Energy Economics and Policycourse, their respective organisations will derive the following benefits:
Better management of energy economics by trained and experienced professionals
Effective risk assessment, analysis, and mitigation through detailed analysis by the trained experts
Better prediction and assessment of energy demand and supply to reduce wastage and increase profits, thereby contributing to organisational growth and development
Higher client satisfaction because of a good balance between supply and demand, preventing a delay in delivery to the customer
Application and implementation of advanced concepts and energy models to increase efficiency and productivity within the organisation
Regular training of employees on best practices and advancements in the field of energy economics
Increased credibility because of adherence to international standards and concepts of energy supply and distribution, leading to increased investments and, ultimately, growth of the organisation
Personal Benefits
Professionals undertaking this Energy Economics and Policy training course will derive the following benefits:
In-depth understanding and knowledge of all critical aspects of energy economics
Enhanced analytical skills to effectively and accurately assess energy supply and demand
Increased confidence and skillset to train other professionals on best practices and concepts related to energy economics
Better ability and understanding to enhance or change processes and systems to increase organisational growth and development
Increased understanding and knowledge of advanced techniques and concepts related to energy economics, enabling one to assume higher responsibilities in energy economics in any organization, thereby increasing avenues for career growth and progression
Better understanding and analytical as well as strategic skills to work with different systems and choose appropriate models for managing energy economics
Enhanced foresight to predict challenges and risks and make provisions to mitigate the negative impact of these on one’s organization
Increased skillset and capabilities to actively take part in the formulation of energy policies to drive energy supply, distribution and consumption effectively
A sense of pride contributing to client satisfaction and growth of one’s organization through effective energy economics management strategies
who Should Attend?
- Executives and managers responsible for managing energy economics
- Policymakers involved in the creation and implementation of energy policies through the organisation
- Senior managers and directors of an organization who need to understand energy economics and its potential in detail
- Financial analysts and officers involved in the financial aspects of energy economics
- Strategists and analysts responsible for performing detailed and accurate demand and supply analyses for the organization
- Auditors and quality checkers responsible for ensuring the quality of operations while managing the costs of the organization
- Any other professional interested in knowing more about global energy economics
Course Outline
The Energy Economics and Policy course covers the following areas important to understanding global energy economics:
Module 1 – Components of Energy Economics
- Behaviour
- Prices
- Market dynamics and interactions
 Module 2 – Basic Economic Principles
- Rational behaviour
- Market equilibrium
- Analysis of policy impact and potential
Module 3 – Focus Areas for Energy Economics
- Climate change and climate policy
- Demand response
- The elasticity of supply and demand
- Energy and economic growth
- Energy derivatives
- Energy elasticity
- Energy forecasting
- Energy markets
- Energy policy
- Environmental policy
- Risk analysis
- Sustainability
Module 4 – Types of Energy Resources
- Depletable
- Storable renewable
- Non-storable renewable
Module 5 – Sources of Energy and their Global Utilisation
- Fossil fuels
- Coal
- Oil
- Natural gas
- Nuclear power
- Renewable energy
- Hydro
- Marine energy
- Wind
- Solar
- Geothermal
- Bioenergy
Module 6 – Typical Layers of a Smart Grid
- Power system layer
- Power control layer
- Communication layer
- Security layer
- Application layer
Module 7 – Aspects of an Energy Policy
- Statement of national policy regarding energy planning, generation, transmission, and usage
- Legislation on commercial energy activities
- Legislation affecting energy use
- Instructions for state-owned energy sector assets and organisations
- Active participation in the coordination of incentives for mineral fuel exploration
- Fiscal policies regarding energy products and services
- Energy security and international policy measures
Module 8 – Means to Characterise Energy Models
- General and specific purposes
- Model structure
- Analytical approach
- Underlying methodology
- Mathematical approach
- Geographical coverage
- Sectoral coverage
- Time horizon
- Data requirements
Module 9 – Types of Energy Models
- Econometric models
- Macroeconomic models
- Economic equilibrium models
- Optimization models
- Simulation models
- Spreadsheet models
- Back-casting models
- Multi-criteria models
Module 10 – Risks Impacting Energy Economics
- Global warming and climate change
- Rapidly changing industry
- Cyber threats
- Tariffs and trade tension
- Talent retention and new hires
- Catastrophic events
Method of Instruction
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Online
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Course Duration:
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5Â Â days
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Type of Certificate Issued:
On a successful completion of this training, Participants will be issued
Certificate in Commercial Energy Management
Participants can choose to have their certificate in any of the three options below:
- Digital Certificate(Downloadable( PDF)
- Physical Certificate with security marking shipped to your location with a price
- Framed Certificate with security markings shipped to your location with a price.
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- Physical Certificate with security marking shipped to your location with a price
- Framed Certificate with security markings shipped to your location with a price.
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