E-learning & Trading Handbook

EPEX SPOT offers a large range of online training courses on power markets, market coupling and electricity trading. The modules reaching from basic knowledge to expert know-how also include the trader certification exclusively available for our members.

Trader certification

To gain authorization to trade on our markets, even occasionally, each trader needs to be certified. Certification is obtained when passing our trader exam. The exam is a guarantee for Exchange members that their traders know our markets. This significantly reduces risks of non-appropriate trading behavior.

The EPEX SPOT trading handbook provides comprehensive knowledge about trading on EPEX SPOT markets, from Day-Ahead and Intraday auctions to Intraday continuous trading and the French Capacity market. It offers detailed information on the operational aspects of the power market, rules and regulations, products, markets, including online trading demos and fallback procedures.

Access is restricted to members active on EPEX SPOT markets. New members receive one free training access in the first year of membership, available with the first training purchased.

You can purchase the Trading Handbook with exam in the EEX Group Webshop.

E-Learning offer

Our training courses are designed by experts and combine knowledge from EPEX SPOT and external specialists. The training programs are interactive courses that are available in English, German and French, open to everyone who is interested in learning more about power markets.

Upon subscription, you will get unlimited access to the training platform for one year. The portal can be accessed from any place and at any time via a computer or tablet with internet access.

You can subscribe to our training modules online in the EEX Group Webshop.

Click here to access the E-Learning platform.

 

Topics covered by our training modules

Basics of the Power System

This series of training modules cover basic questions related to the power system, power generation and consumption. You will find explanations of the dynamics of supply and demand, their influence on prices and balancing, the economic organization and operational characteristics of the power system. Learn about the fundamentals of power generation, the roles and technical characteristics of generation units and the influence on energy costs and electricity prices. You will also be able to better understand the patterns of power consumption over time, the impacts of weather, tariff structures or major media events. An outlook is given on the potential impact of electric vehicles and energy efficiency policies, to mention just a few topics.

 

Markets & Trading

These modules focus on power markets and electricity trading, with an overview of types of exchanges, involved parties, characteristics of products, trading, market results, settlement and delivery. It explains the functioning of Market Coupling, the involved players, its principles and benefits. Additionally, a brief presentation of the EUPHEMIA algorithm, used to calculate market prices across Europe, is included.

It also gives insights into calculation methods of interconnection capacities and explains the basics of the Flow-Based methodology. This series includes case studies, operational trading examples and price behavior. It explains the functioning of the Capacity mechanism including the obligations of suppliers and the allocation of capacity credits.

A Trading Handbook for non-members is also available within this training series: It gives detailed information on the operational aspects of the power market, rules, regulation, products, markets, including case studies, examples of trading, price behavior and basics of the Capacity mechanism. Furthermore, the functioning of clearing and ECC’s role as central counterparty are outlined.

 

Flow-Based methodology

The series of four training modules about the Flow-Based methodology has been developed in cooperation with the French Transmission System Operator Rte.
The series starts off with a basic introduction, which will help to ‘Refresh your knowledge about TSOs and ATC’. You will find answers to questions such as: what is the role of TSOs, how do they calculate and allocate cross-border capacity and what are the timeframes of their activity?

The second training course goes deeper into the topic. ‘Understand the Flow-Based methodology’ provides answers to the basic questions: What are the general concepts, what is the difference between physical and commercial flows, what are net positions and PTDF?

‘Learn more about Flow-Based capacity calculation’: The focus of this third training is on calculation of data provided by TSOs, critical elements monitoring, PTDFs and GSKs, Shadow Auctions, Intraday ATCs, Hybrid Price coupling, and much more.

Finalize the series with ‘Grasp Flow-Based parameters and their impact for traders’. This course gives a comparison before and after the introduction of the Flow-Based methodology, highlights the impacts on Market Coupling and power trading and outlines the specificities of market price formation under flow-based constraints.

Would you like to test your current knowledge about the Flow-Based Methodology? Click here to take a short quiz!

Webinars

To answer to the specific requests of our trading members and customers, we continuously deliver informative and insightful webinars throughout the year to help you get the most out of our products, systems and services.

Access to these webinars is exclusive to trading members, ISVs and market data customers - depending on the topics covered.

After the webinar, we share the slides amongst all registered attendees and also make the documentation available in the Download Center of EPEX SPOT website after you log in to the Member Area (access available to trading members only).

Please do not hesitate to contact us should you require any further information. Any webinar topic suggestions are also welcome and can be sent to events@epexspot.com .

 

Upcoming webinars

 

EPEX SPOT E-Learning teams up with Entrima/MAC - Learn more about how you can benefit from their expertise

Since 2009, EPEX SPOT has proposed a large range of online training courses on power markets, market coupling and electricity trading. The courses reaching from basic knowledge to expert knowhow, include the Trader Certification, which is exclusively available for our members.

To extend our offering to commodity markets more generally, EPEX SPOT has teamed up with Entrima and Market Abuse Centre (MAC).
Entrima’s mission is to transfer knowledge regarding the business, controls, and operations of parties in (or relating to) the wholesale markets. MAC’s mission is to facilitate the prevention and detection of misconduct and to foster proper behaviour in organisations.

The various training courses offered by Entrima/MAC cover the following range of topics:
+ Gaining Insights about Trading, Operations, Derivatives and Pricing
+ Understanding Financial Crime, REMIT, Inside Information and Market Manipulation
+ Learning by doing with the Online Trading Simulations

The goal of this webinar is to introduce this new offering brought to you by Entrima/MAC, provide a live demo of the Trading Simulations and answer all questions you may have.

Preliminary agenda:
•    Introduction
•    Why this cooperation
•    Who is Entrima/MAC
•    Training courses overview
•    Live-Demo of the Simulation Tool
•    How to subscribe
•    Q&A

We will be thrilled to welcome you during this webinar.

You can already subscribe to this new offering in the EEX Group Webshop.

When? 14 October 2021, 2:00-3:00pm CEST

Click here to register for this webinar

 

All-NEMO Aggregated Curves

Nominated Electricity Market Operators (NEMOs) are working on a new functionality in the central market coupling assets to enable the generation of all-NEMOs aggregated bid/offer curves for the Single Day-Ahead Coupling (SDAC) auction.

Join this webinar to learn more about the all-NEMO aggregated Curves. Participants will receive all relevant information to navigate the changes to the curves and block files and make the most out of them.

Provisory agenda:
-    Context of all-NEMO aggregated curves
-    Aggregated curves offer at EPEX: what changes and what doesn’t change
-    Curves in CWE and in the Nordics
-    Decoupling cases
-    Market data files: sftp folder and files

We will complete this webinar with an open Q&A session, where we will answer your questions.

Access to this webinar is reserved for members of EPEX SPOT. Note that the webinar date is dependent on go-live date confirmation and may be subject to changes.

We will complete this webinar with an open Q&A session, where we will answer your questions.

Access to this webinar is reserved for members of EPEX SPOT.

When? 19 October 2021, 3:00-4:00pm CEST

Click here to register for this webinar

 

Please feel free to share any questions or topics that you wish to be covered in the future, please don't hesitate to send an e-mail to events@epexspot.com.

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Previous webinar’s documentation is available in the Download Center after login to the Member Area.