References

The programme offered a thorough understanding of financial theories related to practical use in the power market. The span of the theories and relevant examples from key actors gave the programme a well balanced mix. I especially found option theories and risk management beneficial from my perspective. The programme provides a balanced understanding of pricing and financial derivatives. Option pricing and Value at Risk were key elements.

I have quite a few years experience from the power market and I also benefited from an update and repetition of terms and models in frequent use in the market. Although I was familiar with some models I gained a better and deeper understanding through this education.

Teaching was concentrated in three day seminars. I would say three days was necessary in order to obtain the best focus and concentration. Finding time for studying is always a challenge, but I feel this investment was well worth my time and effort.

The coming programme should attract more participants from Denmark, Sweden and the rest of Europe. The programme is very relevant and since it now is offered in English and located in Copenhagen it should be accessible for a larger market.

I am very satisfied with the programme. I found it widened my horizon and I gained deeper insight into the power market and its mechanisms. The principal benefit was new knowledge: the new theories, models and tools I learned about in the programme. There was also an element of updating for me as certain theories and models were familiar, but had not been covered in my principal education. It was thus beneficial to gain an improved understanding of other relevant models and tools.

The most important benefit for me has been the usefulness of the theories in internal discussions and operations. A better theoretical understanding has aided me in analysing and discussing projects and challenges, for instance related to further market developments.

The structure of the programme was well suited for professional participants. Excellent lecturers and challenging and diversified topics made each assembly interesting. As a mathematician, I liked the preciseness of the programme, both with respect to terminology, models and the underlying structure. Studying together with people from different parts of the market throughout almost a year is
beneficial both professionally and socially. Although it was convenient for me with seminars located in Oslo I especially enjoyed the final seminar which took place at NHH in Bergen. 

The programme provided thorough understanding of the basis
and workings of a volatile energy market. It enabled me to better understand how to operate and manage market positions and how to improve forecasts. The combination of theoretic and practical focus provided by NHH and eager participation in discussion by my fellow students were of key importance for this understanding.

I was offered a new position within Statoil shortly after finishing the course. In my previous position where I analysed short-time
optimizing in the European gas market the topic of the programme was highly relevant. In my new position on a strategic level, the benefit is more indirect and more related to a generally improved understanding of the market.

I enjoyed each seminar. I found it beneficial to use Thursday to Saturday. It provided a good frame for concentration and focus on the topics, a balance between business hours and private time and still left part of the weekend. I think this programme is relevant outside Scandinavia. Adapting the theories to more markets and different energy sources should make it even more relevant.

The general comment about the benefit of this programme is the academic depth and relevance for the power market. I gained a better and deeper understanding of how the market operates and the lecturers provided me with useful tools. The Nordic power market has so far been central and thus financial electricity derivatives. I understand there will be some changes in the focus with respect to also covering additional power sources, as NHH are approaching a larger European market for this programme.

The programme provided a broad in-depth overview over the power market ranging from power trading to production planning.  The financial approach was both beneficial and familiar to me. Pricing of derivatives and Value-at-Risk are central topics in my job as an analyst. Topics related to production planning, bottle necks etc gave me a broader understanding - and has been valuable in my com­munication with customers in the power market and my colleagues at Nord Pool.

NHH provided excellent lecturers. Both the professors covering the theoretic basis and the executives from the market had interesting angles and ensured that the programme was challenging and relevant. Participants from other fields of the power market also added quality through interesting discussions and assignments. I will no doubt keep in touch with several of my classmates both for professional and social purposes.