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This page shows historical information on the Fundamentals of Energy Statistical Analysis, held on May 28-29, 2014 in Houston,
TX,
United States
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Companies continue to be exposed to significant energy and electricity related price risk, and this risk needs to be properly quantified. Energy and electricity companies worldwide depend on accurate information about the risks and opportunities facing day to day decisions. Statistical analysis is frequently misapplied and many companies find that "a little bit of knowledge is a dangerous thing."
Operational decisions, capital investment, risk management, strategic positioning, litigation, and marketing are some of the many areas that require accurate information and analysis founded on sound statistical principles. This comprehensive two-day program is designed to provide a solid understanding of key statistical and analytic tools used in the energy and electric power markets. Be armed with the tools and methods needed to properly analyze and measure data to reduce risk and increase earnings for your organization.
Kenneth Skinner, PhD - VP and Chief Operating Officer, Integral Analytics
Kenneth Skinner, Ph.D. is Vice President of Risk & Evaluation Products for Integral Analytics, an analytical software and management consulting firm focused on operational, planning, and market research solutions. Dr. Skinner has over 20 years’ experience in evaluation and risk measurement, having worked as an energy consultant with PHB Hagler Bailly and Financial Times (FT) Energy, and as the Derivative Structuring Manager for the retail energy supplier Sempra Energy Solutions. He has his Ph.D. from Colorado School of Mines, in Mineral Economics, with an emphasis in Operations Research, an MBA from Regis University and his BS in Engineering from Letourneau University.
Dr. Skinner is a nationally recognized expert in economic evaluation and modeling of energy assets including energy storage, distribution and generation, efficiency and demand response, renewable energy alternatives, financial derivatives and structured contracts using net present value, econometric and statistical methods, optimization principles, and real option valuation techniques. Dr. Skinner is currently the technology columnist for Wiley Natural Gas and Electricity Journal and is a noted speaker on energy related topics for organizations such as AESP, IAEE, ACEEE, PLMA, IEPEC, INFORMS, Infocast, EUCI, SNL Energy and PGS Energy Training.
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DAY ONE:
The Basics of Deterministic vs. Probabilistic Thinking in Deregulated Markets (2.0 hours)
Application: Setting up a Monte Carlo Simulation
Example 1-Confidence Intervals for Calculating Value at Risk - VaR
Example 2-Customer Migration Model Estimating Migration out of Standard Offer Service in a Deregulated Retail Electricity Market
Correlation and Regression Analysis for Maintaining the Competitive Edge (2.0 hours)
Application: Benchmarking to Industry Standards
Example 1-Comparing O&M Expenditure to that of Peer Facilities
Example 2- Estimating the "Economies of Scale" (marginal cost reduction) Associated with Multiple Unit Generation Facilities
The Energy Forecasting Toolbox (2 hours)
DAY TWO:
Time Series Step-by-Step (2hours)
Example 1-Statistical Reports that everyone can understand
Introduction to Real Options Analysis (2 hours)
Application: Optimal Hedging using Statistical Triggers
Application: Minimizing Price Risk through Operational Design Flexibility
Example 1- Valuing Combustion Turbines using Real Options
Example 2- Valuing Gas Storage using Real Options
Homewood Suites by Hilton Houston Near the Galleria
2950 Sage Rd, 77056
Houston, TX, USA
Among those who will benefit from this seminar include energy and electric power executives; attorneys; government regulators; traders & trading support staff; marketing, sales, purchasing & risk management personnel; accountants & auditors; plant operators; engineers; and corporate planners. Types of companies that typically attend this program include energy producers and marketers; utilities; banks & financial houses; industrial companies; accounting, consulting & law firms; municipal utilities; government regulators and electric generators.
Prerequisites and Advance Preparation
This fundamental level group live seminar has no prerequisites. No advance preparation is required before the seminar.
Program Level
Basic level. This fundamental course begins with basic material and then proceeds to the intermediate level.
Delivery Method
Group-live.
This seminar will be held at the hotel listed below. The seminar will start promptly at 8:00 AM and will finish at 4:00 PM on the first day. On the second day, the seminar will resume at 8:00 AM and will finish at 12:00 PM. The program includes continental breakfast, lunch and coffee breaks on the first day and a continental breakfast and coffee break on the second day. Attendees also receive a professionally produced seminar manual that can serve as a valuable office reference. Dress is casual for all seminars
Homewood Suites by Hilton Houston Near the Galleria
2950 Sage Road
Houston, TX 77056
Telephone: (713) 439-1305
View Seminar Location Website
Because of the diversity of hotels found in the area, we will not be holding a block of sleeping rooms with one particular hotel.
| Event details | |
|---|---|
| Organizer : | PGS |
| Event type : | Training Course |
| Reference : | ASDE-3220 |
