Industry
Trading Arrangements: How Electric Markets Work
Length: About 45 minutes
Subscription: 15 days
Cost: $69.00
Prerequisites: Electric Industry Overview (online course) or a general knowledge of the electric industry including the basics of generation, transmission, distribution, customers, and regulation.
This course focuses on the way in which resources are acquired and scheduled under each of the trading arrangements models found in the U.S. today (wheeling model, integrated ISO model, and decentralized ISO model). The course considers each model individually and provides details on how trading arrangements are structured and electric resources are acquired. This module is also included in the full-length course, Electric Market Dynamics.
Contact us at 866-765-5432 or 'info' for more information.
- What trading arrangements are
- The 3 basic trading arrangements models and how the various electric markets function under each
- How sufficient capacity to meet peak needs is ensured
- How services are scheduled
- The markets available for buyers and sellers
- How prices are set
- The roles available for market participants
- A definition of trading arrangements
- The variables that determine how trading arrangements are structured
- The Wheeling Model
- Trading arrangements
- Ensuring sufficient capacity
- Scheduling
- Pricing
- Roles for market participants
- The Integrated Model
- Trading arrangements
- Ensuring sufficient capacity
- How capacity obligations are allocated
- Sources of capacity
- Capacity auctions
- Scheduling
- Generator bids
- Transmission scheduling
- Pricing
- Locational marginal pricing (LMP)
- Roles for market participants
- The Decentralized Model
- Trading arrangements
- Ensuring sufficient capacity
- Generation and load scheduling
- Transmission congestion
- Scheduling ancillary services
- Pricing
- Real-time energy and dispatch
- Roles for market participants
You may view this course as many times as you wish during the license period (45 days for a full-length course and 15 days for a short course). However, you may not share access to the course with anyone else. Enerdynamics will not be liable to you, or to anyone who may claim any right due to a relationship with you, for any acts or omissions in the performance of services under the terms of this license unless such acts or omissions are due to willful misconduct. With your purchase and/or use of this course you are accepting the terms of this license agreement.
This Enerdynamics online training product has been uniquely designed to offer the best value in the business. With your purchase, you will receive:
- A 45-day single user subscription (15 days for short courses) to the course: view the course material as many times and in any order you like during the subscription period.
- E-mail access to Enerdynamics: feel free to ask any questions relevant to the course material.
- Professional audio and animated content developed by experienced education professionals: this is not a page turner!
- Online exercises and interactions: designed to cement your understanding.
- Reference materials: a list of acronyms and a glossary that you can view online with your course.
- Expert instruction: this course was developed by professionals with decades of energy experience in the industry.
- Full-color presentations: our seminars are carefully designed for maximum impact and interest.
- Learn anytime and anywhere: wherever you have Internet access.
- Your satisfaction is guaranteed: so you have nothing to lose!
Contact us at 866-765-5432 or 'info' for more information.
-
Group sales and site licenses
![Close [X]](../_images/btn_X.png "Close [X]"){kind=small}