GARP Certified Energy Risks Professional
Exam Prep-Course
As the first and only global certification for energy professionals, the ERP® program delivers a crucial framework for thinking critically about the entire energy value chain, setting you apart in a crowded marketplace. Certified ERPs represent major energy companies, financial institutions with direct and indirect investments in energy, consulting and technology firms with energy-related practices, and government agencies
The 2-part ERP Exam is designed to assess knowledge of the physical energy commodity and electricity markets, trading and structuring of financial energy contracts, and the tools required to identify, measure, and manage risk across the energy value chain. The ERP curriculum is guided by GARP’s Energy Oversight Committee (EOC) comprised of senior practitioners and academics with diverse backgrounds from across the energy industry.
Content
The ERP Part I exam is a 4-hour exam consisting of 80 multiple choice questions drawn from the following physical energy market topics:
- Introduction to Energy Commodities and Risk Management 10% 8 questions
- Crude Oil Markets and Refined Products 35% 28 questions
- Natural Gas and Coal Markets 25% 20 questions
- Electricity Markets and Renewable Generation 30% 24 questions
The ERP Exam Part II is a 4-hour exam consisting of 60 multiple choice questions drawn from the following financial energy market and risk management topics:
- Price Formation in Energy Markets 15% 9 questions
- Financial Energy Products 25% 15 questions
- Risk Management Tools 60% 36 questions
What are the requirements for ERP Certification?
- Pass the ERP Exam Part I
- Pass the ERP Exam Part II within 4 years of passing Part I
- Demonstrate 2 years of professional full-time energy risk related work experience
There are no educational or professional prerequisites needed to register.
| Exam Fees | Early | Standard | Late |
| December 1, 2019 – January 31, 2020 | February 1, 2020 – February 28, 2020 | March 1, 2020 – April 15, 2020 | |
| Part I | Enrollment fee $400
Exam fee $425 |
Enrollment fee $400
Exam fee $550 |
Enrollment fee $400
Exam fee $725 |
| Part II | Exam fee $350 | Exam fee $475 | Exam fee $650 |
| Exam Fees | Early | Standard | Late |
| May 1, 2020 – July 31, 2020 | August 1, 2020 – August 31, 2020 | September 1, 2020 – October 15, 2020 | |
| Part I | Enrollment fee $400
Exam fee $425 |
Enrollment fee $400
Exam fee $550 |
Enrollment fee $400
Exam fee $725 |
| Part II | Exam fee $350 | Exam fee $475 | Exam fee $650 |
Candidate buys material: Part 1: $250and Part II : $250 Plus shipping. Details: https://www.garp.org/#!/erp/study-materials
| Affiliate | Individual Member | Certified FRM |
| $0 | $195 | $150 |
Exam Venue: GARP Lagos Approved Venue (to be announced)
Duration: Lectures 10 Saturdays (10 weekends/ 2 1/2 months), Exam 1 day.
Weekdays: Lectures 10 days, Exam 1 day
REGISTRATION DETAILS FOR:
| Exam preparation: you can choose any of the 2 options:
Classroom Session in Nigeria (This includes Training and Meal). |
Weekend N350,000 | |||
| Weekdays: N300,000 | ||||
| Location | Preparatory Date | Exam Date |
| Lagos/ Weekdays | 3-12 May, 2020 | May 16, 2020 |
| Lagos/ Weekend | 7 March to 9 May, 2020 | May 16, 2020 |
| Location | Preparatory Date | Exam Date |
| Lagos/ Weekdays | 4-13 November, 2020 | Nov 21, 2020 |
| Lagos/ Weekend | 8 September- 10 November, 2020 | Nov 21, 2020 |
|