Energy Risk Professional (ERP 2020/2021) Part 1 focuses on the physical energy markets.

Energy trading involves products like crude oil, electricity, natural gas, and wind power. Since these commodities often fluctuate abruptly they can be attractive to speculators. Energy Markets is organized into five sections, covering the following component parts of the energy complex:

? the basics of energy trading:

• economic and social forces shaping energy markets;

• organization of an energy trading company;

• the “plumbing” of the energy markets (the basic components

of market infrastructure); and

• recent legal and regulatory developments.

? natural gas markets;

? crude oil and refined products markets;

? electricity markets; and

? emission markets. (Kaminski, V, 2012)

You have made a very valuable decision to learn about the physical side of energy trading markets. It is a smart huge investment of your time and energy. This practice series will help you expand your knowledge of the physical side of energy trading markets using an effective questions and solutions methodology. Congratulations!!

The 80 questions with full solutions and explanations are distributed over 6 practice tests. The first two tests have 10 questions each and a test duration of 30 mins. The last four practice tests have 15 questions each and a test duration of 45 mins.

As you aim for 80 percent in the practice tests, you will build your knowledge and gain meaningful awareness of the physical side of energy trading markets.