Industry
Fundamentals of Economic Demand Response in Wholesale Markets
Learn how wholesale markets are designed and implemented to allow Economic Demand Response (EDR) to participate as a supply resource
In this interactive one-day seminar you will gain a solid understanding of how wholesale EDR markets work and they ways in which various end users and aggregators can participate. Whether your exposure to EDR is from the utility, ISO, wholesale market participant, supply or reliability planning, or end user perspective, this course will help you to understand the goals, challenges and opportunities for integrating EDR into wholesale markets. Details on the various markets where EDR can participate and the mechanisms by which the markets function are also discussed.
This course is 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 the issues that affect the success of DSM programs. 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 Fundamentals of Economic Demand Response in Wholesale Markets the right seminar for me?
If you need a detailed overview of how wholesale markets are designed to allow EDR to participate and how benefits of such participation are measured this seminar is for you! Whether you are new to your job or are a more experienced electric professional transitioning into a position involving EDR, this class will help you to understand why and how EDR markets function, and the benefits they create for both the customer and the electric system as a whole.
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 employees in organizations involved in EDR
- ISO/RTO employees transitioning into positions related to EDR
- Employees of demand side aggregators needing a market overview
- Utility DSM planners needing an understanding of how their programs interact with wholesale EDR markets
- Account managers working with customers who may wish to participate in EDR programs
- Customer service employees working with customers who may wish to participate in EDR programs
- Resource and reliability planners needing to incorporate wholesale EDR into supply planning
- Regulatory, PR and legal personnel who will be tasked with supporting or evaluating EDR programs
- Staff involved with sustainability efforts who want to understand how wholesale EDR fits into their planning process
How will Fundamentals of Economic Demand Response in Wholesale Markets help me?
After participating in this one-day seminar you will return to your job with a solid overview of what wholesale EDR markets are about and how various market participants can benefit from participating in them. You will understand how EDR markets are designed and implemented and what is required for end users and aggregators to participate. With this foundation of knowledge you will be well positioned to discuss with colleagues, customers and regulators the benefits and reasoning behind wholesale EDR markets.
In one information-packed day, this dynamic course will provide you with a solid understanding of:
- What EDR is and how it relates to Demand Side Management (DSM)
- The goals and benefits of EDR markets
- Key technologies behind EDR
- Which markets EDR can participate in
- EDR market design
- Actual experience with EDR markets
- Key principles for successful participation in EDR markets
- The influence of retail DSM in wholesale markets
- How EDR is likely to evolve in the future
EDR in the Wholesale Market
- The role of EDR in the wholesale market
- Markets in which EDR can participate (capacity, energy, regulation, reserves)
- Criteria for market participation
- Illustrative steps in EDR market participation
- Key EDR principles in the wholesale market
- The role of ISOs and the federal government in EDR wholesale markets
- Types of EDR and which markets work for which technology
- How EDR impacts market prices
- ISO New England case study (DSM's participation in forward reserve market)
- How EDR resources qualify to participate in ISO markets
- Verification of resources
- Barriers to demand response
- Using incentives to encourage EDR participation
- FERC's role in EDR wholesale market (rulemaking, research, information, action plans)
- Future of EDR in wholesale markets
Mechanics of Demand Response Programs
- Participation in ISO/RTO programs
- The role of the Curtailment Service Provider (CSP)
- The process of identifying and contracting with end-use customers
- The EDR business proposition
- Strategies for customer participation
- Key customer decision points
- The operational process
- Real world program examples
- Customer issues
EDR Markets Evaluation
- Why evaluation is important
- The basic measurement and verification (M&V) equation
- Key evaluation questions
- Typical evaluation methods
- Key questions to ask
- Determining deemed savings
- How M&V results can be used
- Tracking systems
The Future of DSM
- Future directions in DSM
- Smart grid
- Smart house
- A different grid
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.
Prerequisites
No prerequisites or advance preparation is required.
Seminar times
This seminar begins at 8:30 and 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.
-
CPE credits? Absolutely!
-
Bring this seminar onsite
-
No risk to you!
![Close [X]](../_images/btn_X.png "Close [X]"){kind=small}