The global power sector is being reshaped by electrification, the rise of natural gas, and renewed focus on nuclear as dependable baseload. Demand from AI, digital infrastructure, and transport electrification is surging, heightening the pressure for energy security and rapid capacity growth.

While renewables expand, dispatchable sources, gas, LNG, and nuclear, remain vital for balancing grids and stabilizing prices. Market volatility, shifting price signals, and evolving regulation are redefining how projects capture value and how investment decisions are made.

This 2-day course offers a practical, integrated view of power, gas, and nuclear markets, covering how prices form, how trading and contracts influence revenue, and how volatility shapes risk and opportunity. Participants will gain actionable insight into the commercial, technical, and policy forces driving today’s energy transition and capacity expansion.

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Course outline:

Energy Addition Fundamentals

• What is energy security and energy addition?
• Climate scenarios and key drivers shaping the energy future
• The evolving landscape of energy systems

Industry Structure & Regulation

• Current structure of the US electricity industry
• Hybrid regulatory structure

Drivers of Electricity Demand

• Evolution of the drivers of electricity demand
• Relative stagnation over the past decades
• Latest Trends: Datacentres, AI, EVs, etc.

Data Centres, AI & Digital Infrastructure

• Growth drivers and power demand implications
• Sustainable power strategies, risks, and adaptations
• AI’s complex impact on energy systems

Electricity Supply Trends

• Historical trends and current state
• Drivers shaping the US supply portfolio
• Transformation of the power supply mix: Gas, Renewables, Nuclear, etc.

Energy Storage

• Battery Critical Minerals

Nuclear Power Fundamentals

• Basics, global expansion, and policy landscape
• New reactor designs, financing, fuel cycle, and waste management

Introduction to the Gas market

• Current Landscape: Global context (value chain, Infrastructure, stakeholders)
• Gas supply and demand fundamentals (by sector / market, daily / seasonal flexibility)
• Commercial gas markets (trading and spot price benchmarks, balancing, liquidity / volatility / risk management)
• Gas in Power generation

Prices and Revenue

• Drivers and variations of wholesale and retail electricity prices in the US
• Captured revenue by technology type
• Missing Money dilemma - concept and implications

Power Trading Fundamentals

• Contracts and settlement
• Wholesale, imbalance, and marginal pricing
• Volatility and hedging

Key Trends and Issues for Coming Decades

• Challenges of grid integration
• How power markets may evolve
• Scenarios and a range of potential market outcomes