Energy Risk Professional™

The Energy Risk Professional (ERP®) Exam is the first and only professional designation for energy risk. It is designed to measure a candidate's knowledge of the major energy markets and gauge their ability to manage the physical and financial risks inherent in the complex world of energy. It provides a comprehensive overview of all major energy markets, including the upstream and downstream processes associated with each, the trading and structuring of diverse energy commodities and the identification, measurement and management of key physical and financial risks.

Exam Details

Time Limit: 8 hours in two 4-hour sessions
Cost: Varies
Number of Questions: 160
Format: Multiple Choice
Prerequisites: None
Corequisites: None
Exam Date(s): May and November
Exam Results: Usually provided within 60 days
Official Exam Website: http://www.garp.org/erp/


Exam Topic Weights

The ERP curriculum covers the following:

Physical Energy Markets - Total weight 40%
  • Petroleum - 15%
  • Gas - 10%
  • Electricity Production and Distribution - 10%
  • Renewables and Carbon Emissions - 5%
Financial Markets - Total weight - 50%
  • Financial Products and Valuation - 20%
  • Modeling and Valuing Energy Transactions - 15%
  • Risk Management Techniques - 15%
Current Issues in Energy - Total weight - 10%

ERP Exam Topic Weights By Section


Terms To Know

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Professionals FAQs
  1.

    Where can I look for a financial planner?

    References from trusted friends or family members can help you find a financial planner; however, keep in mind that your friends' financial situations and goals may differ from yours and, therefore, their planners won't necessarily be the best fit for you.The Certified Financial Planner (CFP) Board of Standards certifies financial planners and maintains an online list of certified financial planners on its CFP Board of Standards website.

  2. If I am looking to get an Investment Banking job. What education do employers prefer? MBA or CFA?

    If you are looking specifically for an investment banking position, an MBA may be marginally preferable over the CFA. The caveat here is that the MBA would most probably need to be from a Top-20 B-School.The Chartered Financial Analyst (CFA) is well worth considering if you (a) are aiming for an entry-level position in investment banking, and/or (b) cannot afford to shell out six figures for an MBA or have to settle for a lesser-known B-school.That's because in the investment banking field, most entry-level positions are at the analyst level.

  3. Can I still pass the CFA Level I if I do poorly in the ethics section?

    You may still pass the Chartered Financial Analysis (CFA) Level I even if you fare poorly in the ethics section, but don't count on it. The CFA Institute has long emphasized that ethics is a particular area of focus for it. The seriousness with which the CFA Institute views ethics is evident from the fact that for exam candidates with borderline total scores, performance on the ethics section can mean the difference between passing and failing the exam.

  4. Under the USA, registration as an IAR includes all of the following EXCEPT:

    Under the USA, registration as an IAR includes all of the following EXCEPT: A. Minimum net capitalB. Passing a qualification examC. Filing a consent to service of processD. Posting a surety bond The correct answer is "A", since only an IA would need to prove minimum net capital requirements.
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