Energy market

Description

The trends and major driving factors in the energy trading market, energy trades methodologies and practice, and the identification of the major stakeholders in the energy sector.

Alternative labels

energy market trends
trading of energy
energy trading market
trading energy
energy trading
market for energy

Skill type

knowledge

Skill reusability level

cross-sector

Relationships with occupations

Essential knowledge

Energy market is an essential knowledge of the following occupations:

Steam engineer: Steam engineers provide energy and utilities to facilities, such as steam, heat and refrigeration. They operate and maintain equipment such as boilers and air compressors, and research and develop new methods and improvements for the provision of utilities.
Energy trader: Energy traders sell or buy shares of energy, sometimes from different sources. They analyse the energy market and investigate trends in prices to decide when to buy or sell shares and ensure the most profit. They make calculations, and write reports on energy trades procedures, and make predictions on the development of the market.
Energy systems engineer: Energy systems engineers supervise the energy conversion and distribution processes. They analyse the energy supply and consumption efficiency developing new ways to improve the existing processes, taking into account both the technical and the financial aspects. They also study the environmental impact of energy usage and combine the production of renewable energy in the current power systems.
Energy conservation officer: Energy conservation officers promote the conservation of energy in both residential homes as in businesses. They advise people on ways to reduce their power consumption by enforcing energy efficiency improvements and implementing energy demand management policies.

Solar energy engineer: Solar energy engineers design systems which generate electrical energy from sunlight, such as photovoltaic systems. They design and construct systems which optimise the energy output from solar power, and the sustainability of the production process of solar systems.
Gas distribution engineer: Gas distribution engineers design and construct transport systems for natural gas, connecting the gas distribution network to the consumer by designing piping works and mains. They research methods to ensure sustainability, and to decrease environmental impact, as well as optimising cost efficiency.
Waste treatment engineer: Waste treatment engineers design processes, facilities and equipment used in the collection, treatment, and distribution of waste. They research environmental standards and policies in order to optimise waste treatment procedures and ensure minimal strain on the environment by analysing and classifying the processed waste.
Power distribution engineer: Power distribution engineers design and operate facilities which distribute power from the distribution facility to the consumers. They research methods for the optimisation of power distribution, and ensure the consumers’ needs are met. They also ensure compliance to safety regulations by monitoring the automated processes in plants and directing workflow.
Energy engineer: Energy engineers design new, efficient and clean ways to produce, transform, and distribute energy to improve environmental sustainability and energy efficiency. They extract energy through natural resources, such as oil or gas, or renewable and sustainable sources, such as wind or solar power. 
Power plant manager: Power plant managers supervise operations in power plants which produce and transport energy. They coordinate the production of energy in the plant, and supervise the construction, operation and maintenance of energy transmission and distribution networks and systems.
Energy analyst: Energy analysts evaluate the consumption of energy in buidings owned by consumers and businesses. By analysing existing energy systems, they recommend cost-effective alternatives. Energy analysts suggest efficiency improvements, make business analyses and participate in the development of policies concerning the use of traditional fuels, transportation, and other factors relating to energy consumption.

Optional knowledge

Energy market is optional for these occupations. This means knowing this knowledge may be an asset for career advancement if you are in one of these occupations.

Renewable energy engineer: Renewable energy engineers research alternative sources of energy in order to design systems for renewable energy production. They strive to optimise energy production from renewable sources, and reduce production expenses and environmental strain. They design systems which focus on energy sustainability and efficiency.
Electricity and energy vocational teacher: Electricity and energy vocational teachers instruct students in their specialised field of study, electricity and energy, which is predominantly practical in nature. They provide theoretical instruction in service of the practical skills and techniques the students must subsequently master for a electricity and energy-related profession. Electricity and energy vocational teachers monitor the students’ progress, assist individually when necessary, and evaluate their knowledge and performance on the subject of electricity and energy through assignments, tests and examinations.
Electric power generation engineer: Electric power generation engineers design and develop systems which generate electrical power, and develop strategies for the improvement of existing electricity generation systems. They strive to conciliate sustainable solutions with efficient and affordable solutions. They engage in projects where supply of electrical energy is required.
Manufacturing manager: Manufacturing managers plan, oversee and direct the manufacturing process in an organisation. They ensure products and services are efficiently produced within the timeframe and budget given.
Energy manager: Energy managers coordinate the energy use in an organisation, and aim to implement policies for increased sustainability, and minimisation of cost and environmental impact. They monitor the energy demands
and use, and develop improvement strategies, as well as researching the most beneficial source of energy for the organisation’s needs.
Facilities manager: Facilities managers perform strategic planning as well as routine operational planning related to buildings’ administration and maintenance. They control and manage health and safety procedures, supervise the work of contractors, plan and handle buildings maintenance operations, fire safety and security issues, oversee buildings’ cleaning activities, utilities infrastructure and are in charge of space management.
Operations manager: Operations managers plan, oversee and coordinate the daily operations of production of goods and provision of services. They also formulate and implement company policies and plan the use of human resources and materials.
Civil engineer: Civil engineers design, plan, and develop technical and engineering specifications for infrastructure and construction projects. They apply engineering knowledge in a vast array of projects, from the construction of infrastructure for transportation, housing projects, and luxury buildings, to the construction of natural sites. They design plans that seek to optimise materials and integrate specifications and resource allocation within the time constraints.

 


 

References

  1. Energy market – ESCO

 

Last updated on September 20, 2022