Energy Markets, Economics & Policy
1. Training Introduction
The dynamic evolution of global energy systems has heightened the importance of understanding energy markets, economic principles, and policy frameworks that govern supply, demand, pricing, and investment. This training equips professionals with foundational and advanced insights into energy market design, pricing mechanisms, economic drivers, and policy impacts across electricity, oil & gas, and renewables sectors.
Participants will engage with market structures, competition, regulatory environments, policy instruments, and economic modelling — gaining analytical tools to interpret trends, evaluate policy options, and make sound strategic decisions in public and private sector roles.
2. Training Objective
By the end of this programme, participants will be able to:
- Understand key economic concepts relevant to energy markets.
- Analyze market structures, price formation, and competition in energy systems.
- Interpret policy frameworks and regulatory environments that shape energy sectors.
- Evaluate economic and policy impacts on investment, sustainability, and consumer welfare.
- Apply analytical tools to real‑world energy market data.
- Design policy recommendations aligned with economic and environmental goals.
- Communicate insights to technical and non‑technical stakeholders.
3. Targeted Group
This programme is ideal for:
- Energy economists and analysts
- Policy makers and regulatory officials
- Utility managers and market strategists
- Energy consultants and researchers
- Investment and financial professionals in energy
- Engineers with strategic planning roles
- Graduate students in energy, economics, or public policy
4. Course Duration
- Total Duration: 2 Weeks
- Weekly Commitment: ~16 Hours (Lectures + Discussions + Activities)
Total Learning Hours: ~40–45 hours
5. Training Methodology
A blended learning approach incorporating:
- Instructor‑Led Lectures
- Interactive Discussions
- Real‑World Case Studies
- Market Simulations & Scenario Analysis
- Hands‑On Exercises with Data
- Group Projects
- Policy Debate Workshops
- Assessment Quizzes
Participants will be assessed through applied exercises, case study responses, and a final project that synthesizes markets, economics, and policy insights.
6. Course Modules & Content
Module 1 — Fundamentals of Energy Economics
- Introduction to micro and macro economic principles
- Supply and demand fundamentals
- Elasticity, market equilibrium, and welfare economics
- Price signals in energy systems
Activity: Demand‑supply curve analysis with energy data
Module 2 — Structure of Energy Markets
- Types of energy markets (competitive, monopolistic, hybrid)
- Electricity markets & deregulation
- Oil & gas market segmentation
- Renewable energy market frameworks
- Market power and competition
Case Study: Comparing electricity market structures
Module 3 — Energy Pricing & Risk Management
- Price formation and volatility drivers
- Spot vs. forward markets
- Hedging and financial instruments
- Risk analysis in energy trading
Workshop: Price forecasting and risk assessment simulation
Module 4 — Energy Policy & Regulatory Frameworks
- Policy objectives: security, affordability, sustainability
- Regulatory roles and institutions
- Market regulation tools and compliance
- Tariff design and subsidy impacts
Discussion: Policy options for energy access and affordability
Module 5 — Economics of Renewable Energy & Decarbonization
- Levelized Cost of Energy (LCOE) and economic comparison
- Subsidy mechanisms and incentives
- Integration economics for distributed generation
- Carbon pricing and emissions trading
Group Exercise: Design a renewable energy incentive scheme
Module 6 — Energy Investment & Project Economics
- Investment appraisal: NPV, IRR, payback period
- Capital budgeting for energy projects
- Risk and return in energy investment
- Financing models and public‑private partnerships
Hands‑On: Economic evaluation of an energy project
Module 7 — Policy Impact Evaluation & Modelling
- Policy impact assessment tools
- Economic modelling for energy and environment
- Scenario and sensitivity analysis
- Evaluating trade‑offs (economic vs. environmental)
Application: Build a simple policy impact model
Module 8 — Capstone Project: Market & Policy Strategy
- Integrate learning across markets, economics, and policy
- Analyze a real or simulated energy market challenge
- Develop evidence‑based recommendations
- Present the findings to peer group
Deliverable: Capstone strategy report and presentation
7. Expected Outcomes
Participants completing the programme will:
✔ Demonstrate mastery of core energy economic principles
✔ Analyze market structures and price dynamics with confidence
✔ Evaluate the impacts of policy and regulation on energy systems
✔ Apply economic tools to real data and scenarios
✔ Advise on strategy, investment, and policy decisions
✔ Communicate insights effectively to stakeholders
8. Certificate of Completion
Participants who:
- Attend at least 80% of sessions
- Complete module assignments and activities
- Present and submit the capstone project
will receive a Certificate of Completion from:
FOTADE Training, Research and Resource Development Centre
Certificate Details Include:
- Participant’s Full Name
- Programme Title: Energy Markets, Economics & Policy
- Duration & Date of Completion
- Summary of Competencies Achieved
- Official Seal & Signature of Programme Director
