Preparing for the Energy Risk Professional (ERP) Exam

For those of you who are new to this certification, ERP is a certification program offered by GARP for energy risk professionals.

In this article, we will talk about how to prepare for the ERP exam, what are the topics covered, and other exam preparation details.

To start with, you must know that ERP is a comprehensive exam and tests your knowledge on the various aspects of energy and financial markets.

Exam Syllabus

The various sections of the exam and their weightings are given below:

The test weights and question allocation for the 2011 ERP Exam will be as follows:

Physical Energy MarketsTotal weight 40%
Petroleum15%
Gas10%
Electricity Production and Distribution10%
Renewables and Carbon Emissions5%
Financial MarketsTotal weight - 50%
Financial Products and Valuation20%
Modeling and Valuing Energy Transactions15%
Risk Management Techniques15%
Current Issues in EnergyTotal weight - 10% 

Exam Details

The ERP exam is a a paper based exam, which is conducted in two sessions. The exam will have a total of 180 multiple-choice questions, 90 questions in each session.

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