Using Energy Smartly: The Electricity Market, Procurement, and Flexibility
Source supplies cost-effectively, respond flexibly, and consistently capitalize on market opportunities
Did you know?
This course is part of the certified "Energy Manager" Master Class. When you book the entire Master Class, you save 31 percent compared to booking the individual modules.
Basics of the Electricity Market
- Futures market, spot market, intraday, balancing power
- How Prices Are Determined: Merit Order & Market Dynamics
Changes in the Energy Market
- Volatility caused by renewable energy
- The Importance of Flexibility
- The Role of Companies in the Energy Market: From Consumers to Active Market Participants
Understanding Electricity Markets
- How Forward, Spot, Intraday, and Balancing Energy Markets Work
- Pricing and Influencing Factors
- The Importance of Forecasts and Balancing Groups
Change and New Challenges in the Energy Market
- Decentralization and prosumer approaches
- The Impact of Renewable Energy on Businesses (Self-Generation)
- The Role of Storage and Flexibility
Increasing flexibility within the company
- Identification of areas of flexibility:
- Demand-Side Management in Manufacturing (Load Shifting, Utilizing Downtime)
- Technical systems (e.g., compressed air, refrigeration, heating)
- Storage solutions (electric and thermal)
- Assessing Flexibility: Technically Feasible vs. Economically Viable
- Identifying initial ideas and actions
- Preparation of the transfer assignment (flexibility concept) to be discussed in the webinar
- Looking back on the self-study phase: What questions remain? What have you retained?
- Discussion on the transfer task (flexibility concepts)
- Demand-Side Management: Load Shifting and Load Control
- Aligning Energy Procurement and Consumption
- Real-Time Energy Consumption: Measurement, Monitoring, and Control
- Self-Generation & Storage: PV, Batteries, Hybrid Systems
- Dispatching / Operational Planning: When is it more cost-effective to use self-consumption (PV/wind) or self-generation (CHP) rather than purchasing power from the grid?
- Establishing an internal merit order
Operational Implementation & Tools
- Energy Monitoring Systems and Data Usage
- Create forecasts and schedules
- Interfaces between Engineering and Purchasing (The Human Factor)
Risk Management in Energy Procurement
- Price Risks and Hedging Strategies
- Contract Models and Procurement Strategies
- Dealing with Uncertainty (Volatility, Forecast Deviations)
Developing a Strategic Energy Procurement Strategy
- Utilizing identified flexibilities in procurement
- Integration of: market understanding, self-generation, load management
- Structure of a Professional Procurement Strategy
- Preparation of the assignment (energy procurement plan) to be discussed in the webinar
- Review of the self-study phase: What questions remain unanswered?
- Discussion on the Transfer Task (Energy Procurement Plan)
- Best Practices in Energy Procurement
- Integration into the energy management system: Link to ISO 50001 and corporate strategy
- Cost-Effectiveness Analysis: Key Metrics and Decision-Making Criteria
- Factors for successful implementation within the company
- Common Mistakes and How to Avoid Them
Contents
Changes in the Energy Market
- Volatility caused by renewable energy.
- The importance of flexibility.
- The Role of Businesses in the Energy Market: From Consumers to Active Market Participants.
Understanding Electricity Markets
- How forward, spot, intraday, and balancing energy markets work.
- Pricing and Influencing Factors: Merit Order & Market Dynamics.
- The importance of forecasts and balancing groups.
Change and New Challenges in the Energy Market
- Decentralization and prosumer approaches.
- The Impact of Renewable Energy on Businesses (Self-Generation).
- The role of storage and flexibility.
Increasing flexibility within the company
- Identifying opportunities for flexibility: demand-side management in production (load shifting, utilizing downtime), technical systems (e.g., compressed air, cooling, heating), storage solutions (electrical and thermal).
- Assessing flexibility: Technically feasible vs. economically viable.
- Identifying initial ideas and actions.
- Development & Discussion of the Transfer Assignment (Flexibility Concept).
Operational Implementation & Tools
- Energy monitoring systems and data usage.
- Create forecasts and schedules.
- Interfaces between engineering and procurement (the human factor).
Risk Management in Energy Procurement
- Price Risks and Hedging Strategies.
- Contract models and procurement strategies.
- Dealing with uncertainties (volatility, forecast deviations).
Developing a Strategic Energy Procurement Strategy
- Utilizing identified flexibilities in procurement.
- Integration of: market understanding, self-generation, and load management.
- Structure of a professional procurement strategy.
- Development & Discussion of the Transfer Assignment (Energy Procurement Plan).
- Best Practices in Energy Procurement.
- Integration into the energy management system: Link to ISO 50001 and corporate strategy.
Cost-effectiveness analysis
- Key metrics and decision-making criteria.
- Factors for successful implementation within the company.
- Common mistakes and how to avoid them.
How do you learn in this course?
This course offers you a digital blended concept that has been developed for part-time learning. Thanks to a flexible mix of online seminars and self-study phases, you are sure to reach your goal. This is how you learn in this course:
Learning environment: In your online learning environment, you will find useful information, downloads and extra services for this training course after you have registered.
Self-study phases: Learn independently, at your own pace and whenever you want. Our courses offer you didactically high-quality learning material.
Live webinars: In regular online seminars, you will meet your trainers in person. You will receive answers to your questions, specific assistance and instructions on how to deepen your knowledge and apply the skills you have acquired in practical exercises.
Learning Community:A digital learning community will be available to you throughoutthe course. trainers with other participants and the trainers , and ask any questions you may have.
Certificate of Completion and Open Badge:As a graduate of the course, you will receive a certificate of completion and an open badge that you can easily share on professional networks such as LinkedIn.
Your benefit
With this course, you’ll become a driving force when it comes to actively managing energy costs and strategically leveraging the electricity market for your business.
- Understanding Markets:You’ll gain a deep understanding of how futures, spot, intraday, and balancing energy markets work, and learn how prices are formed and how you can benefit from them.
- Leverage flexibility: You identify specific opportunities for flexibility within your company and strategically use demand-side management to reduce costs.
- Strategic Procurement: You develop a professional energy procurement plan, manage risks effectively, and integrate on-site generation and storage into your strategy.
- Optimize your business:You’ll evaluate strategies using clear metrics, avoid common pitfalls, and implement concrete, actionable steps directly into your daily business operations.
- Practical experience instead of just theory: You’ll work on real-world transfer tasks, develop your own concepts, and take concrete solutions back to your company.
Methods
A well-thought-out mix of content, methods and support is essential for successful learning, especially when learning online. Our course concept is precisely tailored to this self-learning situation. Well-founded trainers, best practice examples, practical exercises, discussion and exchange of experience in the learning community.
Recommended for
Do you want to intelligently manage energy procurement, self-generation, and consumption, effectively minimize risks, and leverage the dynamics of the electricity market to benefit your business? If so, this course will provide you with the knowledge and practical tools you need for sustainable energy management.
- Energy managers and energy coordinators
- Technical Managers
- Sustainability managers and CSR officers
- Energy consultants and auditors
- Facility managers and career changers
- Customized training courses
- Direct application in practice
- Efficient use of time and resources
Mastering the future
Build a strategic energy management system and implement it effectively—with the “Energy Manager” Master Class.
Start dates and details
About us - The Haufe Akademie
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