Energy Trading and Risk Management (ETRM) (Udemy.com)
Inspired by the GARP - Energy Risk Professional Curriculum
Created by: Chirag Ahuja
Last updated September 2025
What you will learn
- Master the fundamental core concepts within ETRM
- Quickly Prepare for Your ETRM Consulting Interview - Access the most commonly questions asked in an ETRM interview!
- Learn the intricacies of the different energy commodity value chains - Oil, Gas, Coal and Power
- Provide real world examples and case studies during interviews, presentations and sales pitches
- Formulas with working excel spreadsheets - better grasp how they work when variables are changed.
- Outshine the competition by demonstrating deep understanding of the energy and commodity trading business.
- One stop shop for all your ETRM queries
- 100+ must know fundamental terminologies to help you speak like an ETRM professional
- Access to energy podcasts - Meet the industry professionals and hear their stories
- Visualize the "big-picture" of an energy company and how different departments work
How it compares
Against the other 1,210 rated Udemy courses in Business on CourseDuck:
- Rating4.5 out of 5higher than 46% of them
- Reviews876#489 of 1,211 by number of reviews
- Length14.5 hourslonger than 92% of them
- Last updatedSeptember 2025more recently than 50% of them
Course Description
Energy - More important than ever right now!
Some economists say that the GDP of a country is directly proportional to its energy consumption. The global population is predicated to reach nearly 10 billion people by 2050. This will put high requirements on the demand for energy globally, requirements for leaner and more efficient supply chains, a push towards a diversified energy portfolio mix and stricter environmental and regulatory control. The impact would be a spurge in need for specialists having deep domain knowledge within the energy space to help our precious blue planet face some of its biggest energy challenges and hopefully help us transition into the "new-energy" age.
Course Overview:
The course is specifically designed to impart you with the fundamental concepts to thrive and succeed in banking, commodity and energy companies and get your foot in the door of the world of ETRM - Energy Trading and Risk Management. I have attempted to simplify and break down complex concepts into easy digestible pieces to ensure maximum learning is transitioned to you, in an entertaining manner.
The focused cheat sheets will help you solidify your learning. The wide range of questions in the form of quizzes (multiple choice questions) will assist in consolidating your knowledge. Lastly, I talk to industry professionals from a wide range of backgrounds within energy and upload them in the form of podcasts. You get access to those as well in this course.
Ideally, you should be able to complete it within 3 months. But since you will get lifetime access, feel free to take your own sweet time.
So come, join hands with me and let's partner together to understand the intricacies and dynamics of the ETRM industry. I wish you all the luck in the world and hope you clear it in the first attempt :)
What you get with the course:
All the fundamental core concepts you need to thrive in the ETRM industry
250+ Practice Quiz Questions - aligned to the GARP - ERP paper pattern
7 previous years GARP Practice Papers
Formulas with working Excel Spreadsheets - better grasp how they work when variables are changed.
Consolidated links to important learning materials available online - all required help in one place.
One Stop Shop for all your ETRM Queries - via other participants on this course who passed the exam and myself of course
Access to Energy Podcasts within the course - Meet the professionals from various backgrounds.
100+ Must Know Fundamental Terminologies - speak like an Energy Risk Professional
Learn ETRM in a fast pace and structured manner with all the content in one stop shop!
Core concepts covered in this course:
ETRM - Part 1 - Physicals
Hedging, Speculation and Arbitrage
Risks involved in energy trading
Crude Oil Value Chain
What the hell is "Dated Brent" ?
Natural Gas Value Chain
Power Value Chain
Power Trading - Calculating the clearing price
Coal Value Chain
Price Reporting Agencies
Agro Value Chain (Bonus)
122 practice questions for ERP - Part 1
ETRM - Part 2 - Financials
Forwards and Futures
Energy Commodity Options
Black Scholes Option Pricing
Costless Collar Hedging Strategies
The Brent Complex and Brent CFD
Cross Hedging Strategies
Energy Swaps
Valuation of Energy Swaps
Energy Exchanges and Trade Mechanisms
Exchange Futures for Physicals (EFPs)
PnL, VaR and CFaR
142 practice questions for ERP - Part 2
Post registering, click on the "resources" button provided by Udemy under each lecture to open the cheat sheets, presentation and ready made excel formula sheets for you to leverage.
Course Disclaimer:
1. This is a beginner level course and not designed for advanced industry experts. However, post registering, you get access to our community of over 3000+ Energy Professionals. You can leverage this community for interactions or advance queries through this platform.
2. Sometimes the audio volume tends to get low (my apologies in advance). I urge you to use headphones and after that, it should be perfectly audible. In case you still face issues, just drop me a mail and I will assist you on the same.
3. Honest and transparent participant feedback on the Udemy course platform. You may probably not find this anywhere else on the internet.
4. Note - the closest certificate available to demonstrate competency in the ETRM industry, used to be the GARP - ERP exam. However, the exam itself is discontinued from GARP. At the same time, the ETRM industry continues to thrive and in my view is going to witness strong growth over the next decade.
#Learn ETRM #ETRM Course #ETRM online course
Instructor Details
- 4.5 Rating
876 Reviews
Chirag Ahuja
Hello there! I'm a certified Energy Risk Professional and ERP Coach from GARP and have been working in the energy markets for the past 12 years. I have also done my MBA in Energy Trading and Risk Management.
Prior to that, I was a corporate trainer at Peak Performance trainings and have trained over 300+ people in the energy operations business.
Currently, I work as an energy trading and risk management analyst in Hamburg, Germany - helping my company implement the best practices w.r.t design/process and technology for the energy markets in Europe.
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Reviews
By Amit Tomar on 6/3/2026
This is an amazing course on ETRM. Any aspirant looking to learn ETRM/OpenLink, it is best for the learning. Chirag has explained each concept in absolute depth. I gained massive knowledge from this course. Thanks Chirag for putting up such a valuable course for all of us.
By Ria Sindwani on 4/4/2026
This course offers a well-rounded introduction to commodity and energy trading risk management, making it particularly useful for beginners trying to understand the industry as a whole. The content is presented in a clear and structured manner, helping learners gradually build their understanding of trading, markets, and risk management concepts. I especially appreciated the practical examples, quizzes, and industry insights, which helped bridge the gap between theory and real-world applications. The podcasts were another highlight, providing perspectives from experienced professionals. Overall, it is a comprehensive learning package that lays a strong foundation for anyone interested in the energy trading ecosystem.
By Cooper Steele on 10/29/2025
This course offers a thorough introduction to Energy Trading and Risk Management (ETRM) and ties together both physical and financial aspects of the industry. The lectures are well-organized, breaking down complex energy and commodity concepts into digestible modules that are easy to follow, even for beginners. I appreciate the wide range of real-world examples and the focus on practical application through quizzes, cheat sheets, and practice problems. The inclusion of industry podcasts brings valuable insights from professionals and helps add context to the learning. Overall, it’s an engaging resource for anyone preparing for a career in energy trading or risk management, or gearing up for ETRM-related interviews.
By Faizal Hussain on 8/20/2025
As a seasoned Test Manager with years of experience in tech, this course provides detailed domain knowledge to help grasp the key concepts required to under the system requirements of the Energy Trading Lifecycle and the Risks associated. thank Chriag for taking time to put the material together!
By Kirti Khandelwal on 7/12/2025
This training by Chirag is just awesome for a person trying to get into commodity trading space. It definitely is an excellent resource of training put together to give a feel of how the commodity trade firm operates. I would suggest this course to every BA/ developers getting into the commodity trading sector
By Merve Celebi on 6/1/2025
I recently completed this ETRM course and I can’t recommend it highly enough. Chirag does an amazing job of breaking down the complexities of the energy and commodities markets in a way that’s clear, structured, and engaging. The course not only covers the fundamentals—like how energy products are created, transported, and traded—but also dives into real-world reporting done by ETRM systems and the different hedging strategies used by trading firms. What really sets this course apart is the depth of insight. Chirag shares knowledge that you simply won’t find in the public domain—these are things you usually only learn if you’re already working in an energy trading firm. As someone trying to break into the industry, I found this incredibly valuable. On top of all that, Chirag has been incredibly supportive, showing a genuine commitment to helping others learn. If you’re looking to understand ETRM systems and the energy trading landscape, this course is a fantastic investment in your knowledge and career.
By Aditya Karmakar on 10/20/2024
I liked that all the important concepts about the Energy Trading has been explained in the course in quite a concise manner. Though the videos are old, the concepts explained in them are evergreen. My only suggestion would be to re-record the audio for the videos so that it can be easier for the audience to understand.
By Kristi Hammond on 8/20/2024
I enjoyed this course at the start however the audio issues became more prevalent as the course progressed. There also seem to be a few slides missing that are being spoken to during the course. There is valuable content but having the audio issues and consistency across modules would be beneficial.
By R Anderson on 10/4/2023
Generally good but some typos on slides and some explanations could be better. Some slide points passed over without explanation. Sound quality is poor on some presentations. Quality assurance of slides and presentations could be better. Overall coverage is good though.
By Sonthosh Sandeep Pendiyala on 11/28/2019
This course has brought a wonderful confidence, in my career. Mr. Chirag, is obviously an expert in this field, and it was great to be able to learn from him." Gave specific enough examples that can then be used,Techniques were easy to understand and apply. Academic slant on the presentation is really helped in my daily work at office.
Quality Score
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Overall Score : 90 / 100






