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ERP Programs and Exams

Overview

As announced on November 30, 2020, GARP will only give Part II Exams for the ERP in 2021 and will discontinue the entire program thereafter but continue to provide research, content, events, and networking for the energy risk community.

ERP Certification will continue to be awarded after a candidate has successfully completed the ERP Exam Part I and Part II and demonstrated two years of relevant work experience. A mandatory Continuing Professional Development (CPD) program helps to ensure Certified ERPs remain up to date with industry developments, market trends, and best practices. This will also continue.

Path to earning a certificate for existing candidates

REGISTER AND PREPARE

Once you have registered for the ERP Exam Part II, you will receive access to the GARP portal where you can manage all your program information, track your progress, and schedule your Exam when applicable. For more information, see our FAQs. During this process you should:

  1. Create a study plan.
  2. Prepare with the ERP books. Candidates who study with the books are often more successful than those who don’t.
  3. Choose your exam site.
  4. Familiarize yourself with ERP deadlines.
  5. Read through the ERP Exams Policies.
  6. Review and agree to GARP’s Code of Conduct and Candidate Responsibility Statement.

Candidates who have passed Part I of the ERP Exam, can register for the Part II Exam by logging in to the GARP portal and completing registration there. GARP is no longer accepting new registrations for ERP Part I Exams.

 

PREPARE FOR THE EXAM

GARP offers a number of resources to help you prepare. Learn More

 

PASS ERP EXAM PART II

 

DEMONSTRATE TWO YEARS OF RELEVANT WORK EXPERIENCE*

*Note: Work experience accrued more than 10 years prior to passing the ERP Exam Part II is not eligible for certification.

 

MAINTAIN YOUR GARP INDIVIDUAL MEMBERSHIP AND PARTICIPATE IN THE CPD PROGRAM

ERP Exam Part II

The ERP Exam Part II is offered via computer-based testing (CBT). It will be administered in English at testing sites around the world in May and November 2021.

 

ERP EXAM PART II – QUESTIONS

The ERP Exam Part II builds on concepts from the Part I Exam, emphasizing the understanding and application of energy derivatives and how they are applied to effectively mitigate risk. Core concepts such as energy price modeling techniques, and the assessment of market, credit, and operational risk associated with commercial operations are covered from a practical energy market perspective. The Part II Exam is always offered in the afternoon and must be completed in four hours or less.

 

SCORING AND RESULTS

Exam results are pass/fail and are emailed approximately eight weeks after a candidate takes the Exam. Passing scores are determined by the Energy Oversight Committee. There are no penalties for wrong answers. Candidates will receive quartile results comparing their performance to other candidates.

Policies and procedures on exam day

To maintain and protect the integrity of the ERP program and ensure a fair exam process for all, there are a number of policies and procedures that candidates must comply with. Failure to comply may result in suspension or termination from the ERP Program. A full list of these is provided in our Exam Policies.

The Energy Oversight Committee

One of the things that sets the ERP Program apart is its oversight and governance. The program is developed by the Energy Oversight Committee comprised of leading industry experts and senior energy market practitioners from around the world. The ERP curriculum is reviewed and revised annually by the Energy Oversight Committee, ensuring it remains aligned with current industry practices and the latest market trends.

View Members of the Energy Oversight Committee

Pass Rates

ERP PART I

Pass Rates 2016-2020

2016-pt1 2017-pt1 2018-pt1 2019-pt1 2020-pt1

 

ERP PART II

Pass Rates 2016-2020

2016-pt2 2017-pt2 2018-pt1-1 2019-pt2 2020-pt2

 

ERP HISTORICAL PASS RATEs

2011-2015

2011 2012 2013 2014 2015

Prior to 2016, the ERP was offered as a single-part exam.

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