Electricity Markets

(In conjunction with the School of Engineering and Information Technology)

This three and a half day program looks at the design, operation and emerging trends within the electricity industry in Australia, from engineering, economic, environmental, regulatory and policy perspectives. It covers the following major themes:

1. Articulate the principles underlying electricity industry restructuring in Australia and in other jurisdictions.
2. Appreciate and explain the complexities of ensuring resource adequacy within a restructured electricity industry.
3. Explain how gross and net pool models for electricity trading are structured and how they operate in practice.
4. Describe the issues involved in integrating renewable energy into electricity grids and provide insight into possible ways of addressing existing barriers.
5. Appreciate the impact of wind energy penetration in the National Electricity Market and discuss strategies to manage it.
6. Reconcile electricity industry restructuring with sustainability.
7. Outline how to manage risks in the energy industry.
8. Define the role of financial instruments in competitive electricity industries as well as be able to undertake basic derivative market calculations.
9. Describe transmission network planning and pricing in a competitive electricity industry.
10. Understand and explain how electricity spot prices are calculated.

You will be invited to participate in discussion forums on current and future issues and directions for electricity industry in Australia, informed by current theory, practice and case studies.

Program Schedule

Who Should Attend

Meet the Specialist Facilitator

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Murdoch University Postgraduate Students - PEC627

Murdoch University postgraduate students may enrol in this unit for credit via the usual enrolment process - Electricity Markets

Advanced Standing

Participants who enrol in this program for professional development may opt to complete the unit assessments. If the required assessment standard is met, they may claim credit for this program if they subsequently choose to enrol in one of Murdoch University’s relevant post graduate courses (Postgraduate Certificate in Energy Studies; Postgraduate Diploma in Energy and the Environment; Master of Science in Renewable Energy).

To Register for this Program

Use the 'Register Online' button on the top right hand side of this page.

Further information

For further information on this program, please contact Adam McHugh: A.McHugh@murdoch.edu.au or +61 8 9360 6598 (Murdoch University School of Engineering and Information Technology)