Energy markets undergo substantial changes. The influence of the European Union on national legislation and the stepwise liberalization of the electricity and gas industry coupled with an ongoing development of the regulatory framework (e.g. using incentives) reshape the reasoning of the industry. They affect the relation between the energy supply companies (utilities) and their suppliers as well. Alongside, first effects of the expansion of renewable energies in the context of the federal energy strategy 2050 and the convergence of energy (electricity, gas, heat) begin to show at the enterprise level. Against the background of these business challenges for utilities, the CC Energy Management at the University of St. Gallen offers a course that answers the important business and regulatory issues of management of energy supply companies by scientifically sound concepts.
The lecturers represent academia and practice alike and avail themselves of a long-standing experience and expertise in their field of specialization. This course aims especially at medium and small utilities. Their managers are taught modern risk management concepts that allow the assessment of full supply contracts with producers and suppliers with markets as benchmarks or based on production costs. The utilities get their individual real, actually valid contracts confidentially evaluated based on these risk management concepts. By means of a final thesis, all participants have the opportunity to tackle current problems business environment under expert supervision.