An Intensive 5-day Training Course
Electricity Economics and Markets
INTRODUCTION
This highly participative Electricity Economics and Markets online training course will help you cultivate your knowledge in realization of technical and economic parameters that need to be considered in order to attain a sustainable electrical system which is both technically optimized and economically justified to be introduced and implemented in the electricity market.
This EuroMaTech online training course seeks to provide you with the most updated electrical engineering concepts together with efficiency and reliability considerations and calculations, coupled with the key parameters of competitive and sustainable electricity markets and their associated regulations and optimizations. By applying this knowledge base to the tasks and challenges you face in your work, you will begin to experience breakthroughs you never thought possible.
Participants attending this Electricity Economics and Markets online training course will develop the following competencies:
- Learning about the challenging issues in today’s global power industry as applies to the generation and transmission costs versus the minimum requirements for a reliable and sustainable power system
- Getting familiar with technical and economic criteria for the assessment of electrical systems
- Understanding the concepts of energy systems cost estimation and risk analysis
- Learning about the impact of renewable energy to replace part of the traditional power systems at utility scale
TRAINING OBJECTIVES
This Electricity Economics and Markets online training course aims to enable participants to achieve the following objectives:
- Techniques to assess electrical systems
- Skills to analyse the reliability and affordability of utility scale electrical systems
- Understand the relationship between the electrical systems technical parameters and the final cost of the generated power
- Learn to introduce and justify the development of new electrical systems to meet the minimum technical requirements in a competitive market
- Comprehend the impact of transient disturbances on electrical systems
TRAINING METHODOLOGY
The Electricity Economics and Markets online training course will combine presentations with interactive practical exercises, supported by video materials, activities and case studies. Delegates will be encouraged to participate actively to practice the principles of electrical systems and their associated costs related to the design, operation, and maintenance and relating them to the particular needs of their workplace. > Check: Electrical & Instrumentation Training Courses
TRAINING SUMMARY
The Electricity Economics and Markets online training course covers essential skills such as preliminary design of electrical systems, feasibility studies, due diligence, cost estimation, benchmarking, and electricity regulation. This allows you to get a better understanding of how electrical systems are introduced, developed, and implemented, and then realise how the related costs will be formulated and analysed to optimize the preliminary plan to achieve a more affordable and sustainable power system.
TRAINING OUTLINE
Module 1: Need for Power Systems
- Generation, Transmission, and Distribution Systems
- Power System Basic Parameters
- Feasibility Studies
- Load Forecasting and Fault Analysis
- Power System Design Criteria; Safety, Reliability, Security, Efficiency, Quality
- Grid Connection of Embedded Generation; Solar Energy, Battery Systems
Module 2: Assessment of Electrical Systems
- Principles of Cost Estimation; Building Blocks; Unitised Costs
- Assessment of Risks Associated with the Development of Electrical Systems
- Techniques to Mitigate Major Risks and Minimize the Associated Costs
- Benchmarking the Costs Against Similar Systems to Attain Competitive Prices
- Optimization of Electrical Systems; Minimum Technical Requirements vs. Cost
- Refining the Preliminary Design to Reflect the Optimum Point
Module 3: Impact of Renewable Energy
- Review of Conventional Power Systems; Fossil-Fuelled Resources
- Introduction of Renewable Energy; Challenges, Advantages, Complications
- Cost Analysis of Renewable Energy Resources vs. Conventional Systems
- Impact of Renewable Energy Resources on Overall System Design Criteria
- Stand-Alone Generation vs. Integrated Power System
- Trend of the Global Market to Implement Renewable Energy Resources
CALL ME BACK
Do you wish for us to conduct this course at your premises?
Discover In-House Solutions
ACCREDITATION
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
FAQ
EuroMaTech provides a range of ISO certification and compliance training courses, including:
- ISO 9001 – Quality Management Systems Training
- ISO 45001 – Occupational Health & Safety Management Training
- ISO 14001 – Environmental Management Systems Training
These courses help organizations adopt internationally recognized standards and improve their overall performance.
To register for a training course, you can:
- Visit the EuroMaTech website, browse the available courses, and follow the online registration process.
- Contact EuroMaTech’s support team for assistance with course selection or inquiries about corporate training solutions.
EuroMaTech stands out as a leader in training and professional development due to:
- 30+ years of experience delivering high-impact training courses across industries.
- Accreditations from leading institutions, ensuring top-tier course quality and recognition.
- A portfolio of thousands of training courses, serving professionals at every level.
- A focus on innovation and future-ready learning models, including blended and digital training.
- Long-term partnerships with organizations globally, ensuring sustained success through talent development.
EuroMaTech has successfully delivered thousands of training courses, with thousands of professionals from over 50 countries attending annually.
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us info@euromatech.com
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at inhouse@euromatech.com
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
