Energy Trading and Risk Management ETRM

Inspired by the GARP – Energy Risk Professional Curriculum
Energy Trading and Risk Management ETRM
File Size :
397.95 MB
Total length :
11h 9m



Chirag Ahuja


Last update




Energy Trading and Risk Management ETRM

What you’ll learn

Master the fundamental core concepts within ETRM
Learn the intricacies of the different energy commodity value chains – Oil, Gas, Coal and Power
Provide real world examples and case studies during interviews, presentations and sales pitches
Formulas with working excel spreadsheets – better grasp how they work when variables are changed.
Outshine the competition by demonstrating deep understanding of the energy and commodity trading business.
One stop shop for all your ETRM queries
100+ must know fundamental terminologies to help you speak like an ETRM professional
Access to energy podcasts – Meet the industry professionals and hear their stories
Visualize the “big-picture” of an energy company and how different departments work
Understand the functions of Front / Mid and Back offices within an energy trading house
Understand the most crucial reports such as PnL, Mtm, Exposure, VaR , etc and how they are structured
Learn the different types of contracts and how to model them within an ETRM application
Learn how energy exchanges operate across different regions
Learn the different types of energy instruments and how they are typically used in hedging
Understand the different types of risks faced by an energy company and how to mitigate them

Energy Trading and Risk Management ETRM


Proficiency in the English Language.


Energy – More important than ever right now! Some economists say that the GDP of a country is directly proportional to its energy consumption. The global population is predicated to reach nearly 10 billion people by 2050. This will put high requirements on the demand for energy globally, requirements for leaner and more efficient supply chains, a push towards a diversified energy portfolio mix and stricter environmental and regulatory control. The impact would be a spurge in need for specialists having deep domain knowledge within the energy space to help our precious blue planet face some of its biggest energy challenges and hopefully help us transition into the “new-energy” age. Course Overview:The course is specifically designed to impart you with the fundamental concepts to thrive and succeed in banking, commodity and energy companies and get your foot in the door of the world of ETRM – Energy Trading and Risk Management. I have attempted to simplify and break down complex concepts into easy digestible pieces to ensure maximum learning is transitioned to you,  in an entertaining manner.The focused cheat sheets will help you solidify your learning. The wide range of questions in the form of quizzes  (multiple choice questions) will assist in consolidating your knowledge. Lastly, I talk to industry professionals from a wide range of backgrounds within energy and upload them in the form of podcasts. You get access to those as well in this course. Ideally, you should be able to complete it within 3 months. But since you will get lifetime access, feel free to take your own sweet time.So come, join hands with me and let’s partner together to understand the intricacies and dynamics of the ETRM industry. I wish you all the luck in the world and hope you clear it in the first attempt 🙂 What you get with the course:All the fundamental core concepts you need to thrive in the ETRM industry250+ Practice Quiz Questions –  aligned to the GARP – ERP paper pattern7 previous years GARP Practice Papers Formulas with working Excel Spreadsheets – better grasp how they work when variables are changed. Consolidated links to important learning materials available online – all required help in one place. One Stop Shop for all your ETRM Queries – via other participants on this course who passed the exam and myself of courseAccess to Energy Podcasts within the course – Meet the professionals from various backgrounds. 100+ Must Know Fundamental Terminologies – speak like an Energy Risk ProfessionalLearn ETRM in a fast pace and structured manner with all the content in one stop shop!Core concepts covered in this course:ETRM –  Part 1 – PhysicalsHedging, Speculation and ArbitrageRisks involved in energy tradingCrude Oil Value ChainWhat the hell is “Dated Brent” ?Natural Gas Value ChainPower Value ChainPower Trading – Calculating the clearing priceCoal Value ChainPrice Reporting AgenciesAgro Value Chain (Bonus)122 practice questions for ERP – Part 1ETRM – Part 2 – FinancialsForwards and FuturesEnergy Commodity OptionsBlack Scholes Option PricingCostless Collar Hedging StrategiesThe Brent Complex and Brent CFDCross Hedging StrategiesEnergy SwapsValuation of Energy SwapsEnergy Exchanges and Trade MechanismsExchange Futures for Physicals (EFPs)PnL, VaR and CFaR142 practice questions for ERP – Part 2Post registering, click on the “resources” button provided by Udemy under each lecture to open the cheat sheets, presentation and ready made excel formula sheets for you to leverage. Course Disclaimer:1. This is a beginner level course and not designed for advanced industry experts. However, post registering, you get access to our community of over 600+ Energy Professionals. You can leverage this community for interactions or advance queries through this platform. 2. Sometimes the audio volume tends to get low (my apologies in advance). I urge you to use headphones and after that, it should be perfectly audible. In case you still face issues, just drop me a mail and I will assist you on the same. 3. Honest and transparent participant feedback on the Udemy course platform. You may probably not find this anywhere else on the internet. 4. Note – the closest certificate available to demonstrate competency in the ETRM industry, used to be the GARP – ERP exam. However, the exam itself is discontinued from GARP. At the same time, the ETRM industry continues to thrive and in my view is going to witness strong growth over the next decade. #Learn ETRM  #ETRM Course #ETRM online course


Section 1: Let’s Get Started!

Lecture 1 Course introduction and Overview

Section 2: ETRM – Physical Value Chains and Energy/Commodity Market Operations

Lecture 2 Purpose of Energy/Commodity Trading

Lecture 3 Risks Involved in Energy/Commodity Trading

Lecture 4 Electricity Market Structure

Lecture 5 Crude Oil & Products – Value Chain

Lecture 6 What the hell is “Dated Brent” afterall?

Lecture 7 Natural Gas Value Chain – Part 1

Lecture 8 Natural Gas Value Chain – Part 2

Lecture 9 Coal – Value Chain

Lecture 10 Power/Electricity Value Chain – Part 1

Lecture 11 Power/Electricity Value Chain – Part 2

Lecture 12 Power/Electricity Value Chain – Part 3

Lecture 13 Price Reporting Agencies (PRAs)

Lecture 14 Agro – Value Chain

Section 3: ERP Part 1 – Question Bank

Section 4: ETRM – Financial Concepts, Risk Management Instruments and Reporting

Lecture 15 Forwards & Futures

Lecture 16 Commodity Options – Part 1

Lecture 17 Commodity Options – Part 2

Lecture 18 Black-Scholes Option Pricing

Lecture 19 Costless Collar and Cross Hedging – Part 1

Lecture 20 Costless Collar and Cross Hedging – Part 2

Lecture 21 Energy Swaps

Lecture 22 Valuation of Energy Swaps

Lecture 23 Energy Exchanges & Trade Mechanisms and Role of a CCP

Lecture 24 The Brent Complex and Brent CFD

Lecture 25 Exchange Futures for Physical

Lecture 26 Calculating PnL, VaR and CFaR

Section 5: ERP Part 2 Question Bank

Section 6: Energy Podcasts – In Conversation with Industry Professionals

Lecture 27 Technology Evolution in Energy Industry with Dr. DK Punia

Lecture 28 A Day in A Life of an Oil Trade Analyst – with Ishita Ranjan

Lecture 29 A Day In A Life of a Power Trader – with Sandeep Pendiyala

Lecture 30 Energy Portoflio Management – with Amit Paul

Lecture 31 Autralian Energy Markets – with Ramanathan Hariharan

Lecture 32 FX Hedging – Real World Use Cases

Section 7: Talk like an Energy Risk Professional

Lecture 33 Some Fun Reference Materials

Lecture 34 Talk like an Energy Risk Professional – 1 to 10

Lecture 35 Talk like an Energy Risk Professional – 11 to 20

Lecture 36 Talk like an Energy Risk Professional – 21 to 30

Lecture 37 Talk like an Energy Risk Professional – 31 to 40

Lecture 38 Talk like an Energy Risk Professional – 41 to 50

Lecture 39 Talk like an Energy Risk Professional – 51 to 55

Lecture 40 Talk like an Energy Risk Professional – 56 – 60

Lecture 41 Talk like an Energy Risk Professional – 61 to 70

Lecture 42 Talk like an Energy Risk Professional – 71 to 80

Lecture 43 Talk like an Energy Risk Professional – 81 to 90

Lecture 44 Talk like an Energy Risk Professional – 91 to 100

Business Analysts / Consultants involved in the ETRM indsutry and want to extend their knowledge,Financial Analysts – To understand the nature of the different financial risks involved within a commodity/energy firm.,Consultants & Analysts – To demonstrate the nuances of different commodity value chains and risks involved in your company,Junior Traders – Get early access to knowledge what the senior trader might not teach you yet!,Trade Support Staff – Learn what’s going on behind the screens and apply critical thinking to the trade processes and documentation.,Students – Currently pursuing or wish to pursue a career within the energy / commodity supply chain industry,Teachers – This will help you to demonstrate real life examples within the industry.,Energy Job Candidates – Use this course to quickly brush up your skill sets before your interview process

Course Information:

Udemy | English | 11h 9m | 397.95 MB
Created by: Chirag Ahuja

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