Industry
Electric Markets Overview
An introduction to U.S. electric markets and the services sold in them
This one-day seminar presents a basic overview of electric markets and how they function. Topics covered include the various electric market structures found in the U.S., the electric services that are bought and sold in them, and how markets are used to ensure reliability and schedule services. Also considered are various electric market participants and their goals and business strategies for success.
This course was designed with your participation in mind! Questions and discussion among attendees are highly encouraged. And you will participate in a number of group exercises that will give you a real-world perspective of how electric markets actually work. You will leave this information-packed seminar with relevant and current information that can be applied immediately to your work!
Prerequisites: No prerequisites or advance preparation is required.
Contact us at 866-765-5432 or 'info' for more information.
No dates are currently scheduled for this seminar. Please Contact Us for more information.
Is Electric Markets Overview the right seminar for me?
If you need a fundamental overview of electric markets and how they function, but can’t spend more than a day away from the job, this seminar is for you! Whether you are new on the job or you’ve been in the electric industry for a while, you will benefit from the insights you will receive on how electric markets function and how services are bought and sold.
While anyone with a connection to the electric power business should consider this fundamental seminar, here are the types of employees who have found this class especially helpful to their continued success in the industry:
- New hires needing a background in markets
- Finance and accounting professionals
- Fuel buyers and sellers
- Legal, regulatory and sales professionals whose work focuses on the electric business
- Support functions for wholesale trading and risk management
- Employees of ISOs/RTOs without daily exposure to markets
- Utility account representatives and department managers
- Previous participants in Enerdynamics' Electric Business Understanding or Electric Industry Overview seminar wanting more focus on markets
- Technical employees needing a fundamental industry business overview
- Experienced professionals moving into the electric industry
- Experienced energy industry employees needing a fundamental markets overview
- Sales professionals providing services to the electric industry
How will Electric Markets Overview help me?
After participating in this one-day seminar, you will return to your job with a solid overview of what the different electric markets are, how they vary across the U.S., what services are bought and sold in markets, and how market participants use them to transact business. In this fundamental overview, you will learn enough to interact with others who know the markets in more detail and understand what they are talking about. You will also be able to describe to your clients and co-workers why electric markets work the way they do and explain to them how markets affect their day-to-day business.
In one information-packed day, this dynamic course will provide you with a solid understanding of:
- Electric market structures
- The roles of various market participants
- The role of the ISO/RTO
- What the different markets are and the services that are traded in them
- How market participants interact to transact business
- How market mechanisms are used to enable reliable service to end-use customers
Introduction
- What is an electric market?
- Unique properties of electricity that affect how markets operate
- Electric units
- Electric customers and their needs
- Seasonal load curves
- Key factors driving electric demand
- Key generation characteristics (costs, operational flexibility, environmental considerations, location, time to construct)
- Fuel costs and their impacts on generation
- Daily scheduling decisions and the key considerations that impact them
Electric Market Structures
- Monopoly vs. competitive market structures
- What is restructuring and why has it given us different market structures in different regions?
- The 4 basic market structures
- The various market participants and their roles
Electric Markets and Services
- The five key market types (self-schedule, bilateral, exchange, ISO, regulated utility)
- Services sold in electric markets (forward capacity, forward energy, day-ahead energy, real-time energy, ancillary services, transmission rights, renewable energy credits, emission allowances)
- Pricing of services
- Scheduling of generation, loads, and transmission in day-ahead
- Locational marginal pricing (LMP)
- Transmission congestion and financial transmission rights (FTRs)
- Operating the system in real time
- Imbalance energy dispatch and pricing
Market Participants and Transactions
- Market participants and their goals
- Business strategies
- Market risks and ways to mitigate them
- Managing a portfolio (needs and risks)
“Well prepared instructor and materials.”
“The most valuable aspect was learning how the generation/transmission/distribution and market systems work.”
“This course was informative and well presented.”
“Great class!”
“The instructor was very knowledgeable about the subject, and added examples and clear descriptions of each item.”
Group discount
Attend this seminar with your workgroup and you can save up to 25%. For every three people from the same company who attend this course, the fourth is free!
Course length
One day.
Seminar times
This seminar begins at 8:30 eand ends at 5:00. But feel free to come early to enjoy complimentary breakfast, ask questions of your instructor and network with other class participants.
Registration fee
$795 (save $100 - only $695 if paid three weeks prior to seminar). This fee includes continental breakfast, lunch and morning and afternoon breaks. The fee also includes course materials.
Cancellation policy
All class sizes are limited and your place in class is held exclusively for you. Registrations cancelled two weeks or more prior to the seminar date will receive a full refund minus a 10% administrative fee or a credit for 100% of the registration fee good towards any other Enerdynamics product. Registrations cancelled with less than two weeks notice but more than two days notice will receive a credit for 100% of the registration fee good towards any other Enerdynamics product. Registrations cancelled with less than two days notice are not eligible for refund or credit. Substitutions may be made at any time and without additional cost.
Contact us at 866-765-5432 or 'info' for more information.
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CPE credits? Absolutely!
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Bring this seminar onsite
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No risk to you!
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