Course Description
As Central Asian and emerging power systems reform — unbundling utilities, introducing competition, integrating renewables and building capacity markets — the question of how electricity markets are designed becomes decisive. Market design determines what gets built, what gets dispatched, and whether the lights stay on during transition.
This course develops an understanding of electricity market design and power trading. Participants learn power system and market fundamentals, market structures from single buyer to full competition, wholesale market design and pricing, capacity mechanisms, ancillary services and balancing, the integration of renewables and storage into market design, and power trading, hedging and risk management — connecting the engineering of the grid to the economics that run it.
What you will achieve
By the end of this training course, participants will be able to:
- Explain power system and electricity market fundamentals
- Compare market structures from single buyer to competitive markets
- Understand wholesale market design and pricing mechanisms
- Explain merit order, marginal pricing and dispatch
- Understand capacity mechanisms and adequacy
- Explain ancillary services and balancing markets
- Address renewable and storage integration in market design
- Understand power trading, hedging and risk management
How the course is delivered
The course combines market design principles with practical trading and dispatch exercises, using examples from both mature and reforming power markets. Participants work through pricing, capacity and integration scenarios.
The programme connects market design to system operation and investment outcomes, and is relevant to markets undergoing liberalisation and renewable integration.
Designed for
This training course is ideal for:
- Utility and grid professionals
- Regulators and policy personnel
- Power traders and commercial staff
- Project developers and investors
- Anyone working with electricity markets
Daily programme
- Power system fundamentals for markets
- Why electricity markets are unusual
- Market structures: single buyer to competition
- Unbundling and liberalisation
- Wholesale market design
- Merit order and marginal pricing
- Day-ahead, intraday and real-time
- Dispatch and system operation
- Capacity mechanisms and adequacy
- Ancillary services and balancing
- Renewable integration and market impact
- Storage and flexibility in market design
- Power trading fundamentals
- Contracts, hedging and PPAs
- Price risk and portfolio management
- Market reform workshop and review
Certification & accreditation
BII Certificate of Completion
BII Certificate of Completion Upon successful completion, participants receive a BII Development Institute Certificate of Completion with a unique reference code that is independently verifiable. Our certificates are recognised internationally and reflect successful completion of your chosen programme.
