| Time | Session & Speaker |
|---|---|
| 09:00 – 09:30 Hr. | Inaugural and Program Overview |
| 09:30 – 11:00 Hr. | Power Procurement and Sales Portfolio Optimization Dr. Anoop Singh, Professor, IIT Kanpur |
| 11:00 – 11:30 Hr. | Tea / Coffee Break |
| 11:30 – 13:00 Hr. | Power Market Operation and Price Discovery Dr. Puneet Chitkara, SVP Strategy, IEX |
| 13:00 – 14:00 Hr. | Lunch Break |
| 14:00 – 15:30 Hr. | Understanding Energy Derivatives Dr. Ajay Pandey, Professor, IIM Ahmedabad |
| 15:30 – 16:00 Hr. | Tea / Coffee Break |
| 16:00 – 17:30 Hr. | Risk Hedging in the Power Sector Dr. Anoop Singh, Professor, IIT Kanpur |
| 19:00 – 20:00 Hr. | Fireside Chat @Lawn Mr. Hemant Kumar Pandey, Chief Engineer, Ministry of Power Mr. Sanket Srivastava, Head (Power Management, Sustainability & Policy), NPCL Mr. Deepak Raizada, Director (Corporate Planning), UPPCL |
| Time | Session & Speaker |
|---|---|
| 09:30 – 11:00 Hr. | Framework for Electricity Derivatives in India Ms. Ruchi Shukla, Head-Energy, MCX |
| 11:00 – 11:30 Hr. | Tea / Coffee Break |
| 11:30 – 13:00 Hr. | Derivative Pricing and Hedging Strategies Dr. Sankarshan Basu, Professor, IIM Bangalore |
| 13:00 – 14:00 Hr. | Lunch Break |
| 14:00 – 15:30 Hr. | Electricity Derivatives - International Experience (Online) Mr. Steffen Riediger, Business Development Director, EEX |
| 15:30 – 16:00 Hr. | Tea / Coffee Break |
| 16:00 – 17:30 Hr. | Application Session I: Derivatives Applications for Generators and Energy Storage System Dr. Anoop Singh, Professor, IIT Kanpur |
| 17:30 – 18:00 Hr. | Open Brainstorming Session Dr. Anoop Singh, Professor, IIT Kanpur |
| 20:00 – 22:00 Hr. | Gala Dinner |
| Time | Session & Speaker |
|---|---|
| 09:30 – 11:00 Hr. | Electricity Derivatives: Market Participants Prespectives Mr. Chandra M. Verma, VP, PTC India Ltd. |
| 11:00 – 11:30 Hr. | Tea / Coffee Break |
| 11:30 – 13:00 Hr. | Application Session II: Derivatives Strategy for Captive, Open Access Consumers & DISCOMs Dr. Anoop Singh, Professor, IIT Kanpur |
| 13:00 – 14:00 Hr. | Lunch Break |
| 14:00 – 15:30 Hr. | Panel Discussion: Regulatory Framework for Electricity Derivatives Way Forward Panelist: Mr. Alok Kumar, Director General, AIDA Mr. Abhishek Ranjan, CEO & SVP, BSES Rajdhani Power Ltd. Mr. Satish Jindal, Head Power Trading, Jindal Power Company Ltd. Mr. Bikram Singh, Executive Vice President, PTC India Ltd. |
| 15:30 – 16:00 Hr. | High Tea / Coffee Break |
| 16:00 – 17:30 Hr. | Valedictory & Closing Remarks |
The Centre for Energy Regulation (CER) at IIT Kanpur is engaged in capacity building and regulatory research in the power and energy sector. As electricity markets evolve and procurement becomes increasingly exposed to price volatility and market uncertainty, effective procurement planning and risk management assume growing importance.
The Masterclass on Electricity Derivatives aims to develop a comprehensive understanding of derivative instruments and their applications in electricity procurement and risk management. It covers power market operations, derivative instruments and hedging strategies, Indian and international market developments, and the regulatory framework governing these instruments.
The programme also examines applications in power portfolio management and procurement strategies for generators, traders, and commercial and industrial (C&I) consumers, including captive and open-access consumers, with a focus on opportunities and challenges in India's evolving power market.
Officials from electricity regulatory commissions; professionals from generation, transmission, distribution, and trading companies merchant power plant renewable energy and energy storage developers power exchange participants and market analysts C&I, captive, and open-access consumers professionals from financial institutions, banks, consulting firms, investment funds, and risk-management teams researchers, policymakers, and other stakeholders interested in electricity markets and risk management.
Explore the six lectures covering the economic fundamentals, market structure, power procurement and functioning of power exchanges. Lecture materials are accessible to registered participants after login.
Fee information as provided by the programme organisers.
GST (18%): ₹20,160
Participation category: All Participants
GST (18%): ₹1,800
Pre-recorded foundation modules on CER OLET, optional.
Course code: IITK/OOA/2026-27/072
Course title: Masterclass on Electricity Derivatives: Power Procurement Market Operation and Risk Management
Course dates: 07.12.2026 – 09.12.2026
Registration deadline: 30th November 2026, Limited seats, first-come-first-served.
Centre for Energy Regulation (CER)
Department of Management Sciences
Indian Institute of Technology Kanpur, Kanpur – 208016, India
Email: cer_cbp@iitk.ac.in
Website: cer.iitk.ac.in
