This article discusses a novel professional development workshop whose objective was to build an understanding of the relationships in the Australian energy sector and to appreciate the key issues for operating and investing in energy markets.
Firstly we provide a clear exposition of the relationships between energy market segments, and how these relationships impact the investment and operational activities of businesses.
Secondly we describe the formulation and reflect on experiences relating to a training workshop for energy professionals based on a simulation of the energy sector. The delivery mechanism was through game-based learning requiring active participation to simulate operational and investment decisions, where an understanding of the integrated energy market was essential for success.
The workshop succeeded in conveying the complex ways in which electricity, environmental and gas markets interact in Australia. An important observation from the training program was the way in which participants used the provided spreadsheet models to ‘reverse-engineer’ how the market operates, rather than simply using the software as a device for decision support.
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
A Simulation Based Approach to Professional Development in Integrated Energy Markets,
Spreadsheets in Education (eJSiE):
2, Article 1.
Available at: http://epublications.bond.edu.au/ejsie/vol9/iss2/1