Electricity market training
7 May 2004Overview
M-co was instrumental in forming the New Zealand Electricity market - the first fully deregulated electricity market in the world. Today we are involved in running and evolving that market, along with other commodity markets in Australasia. So when Chinese officials wanted to prepare for changes in their local electricity industry they asked M-co to provide the training.
The challenge
China is reforming public electricity sectors in various provinces. One of these provinces, Heilongjiang, wanted local power company executives to gain the skills needed to develop, build and operate a pool-based electricity market. M-co was asked to provide training.
The solution
M-co provided a comprehensive training programme covering both market theory and practical approaches to designing and operating an electricity market.
The training took place in New Zealand to enable attendees to observe what had been achieved here - but the approach was international. We looked at reforms in other countries and at cultural issues that could affect operations in china.
M-co used a variety of training methods to keep things interesting - lectures, tutorials, field trips, study tours and case studies. Plus participants had the chance to take advantage of New Zealand's lush scenery and exciting outdoor tourism adventures.
Our approach
No two markets are the same. M-co training is customised to meet the aims of participants - and to ensure all information presented is relevant to the markets they are involved with.
M-co worked closely with the Heilongjiang Electric Power Company to identify their training objectives - and the theoretical and practical knowledge that would enable participants to input to any future electricity market in China.
Lecturer and session leaders are selected for their experience and expertise on the topic. For the Heilongjiang programme lecturers were typically senior managers with considerable experience in the development or operation of the New Zealand Electricity Market.
