For those in the electric industry who work in a region with an Independent System Operator (ISO), understanding how ISO markets operate can be critical to on-the-job success. ISO Market Basics explains in simplified terms how ISO markets work, how services (capacity, energy, operating reserves, and financial transmission rights) are bought and sold in an ISO, the role of ISOs and various market participants, and the various types of electric markets available to market participants. The course is designed for those with limited knowledge of how ISO markets function. It includes practical examples and exercises to help learners understand how markets are used in real life by various market participants. Note that two versions of this learning path are available: one that is applicable to all ISOs and another that is specific to the Midcontinent ISO (MISO).
This course comprises the following modules:
- Introduction to ISO Market Basics
- Electricity Basics
- What Are Electric Markets?
- Who Are Market Participants
- Electric Services
- Markets for Electric Services
- Capacity Markets
- Energy Markets
- Operating Reserves Markets
- Financial Transmission Rights Markets
- A Day in the Life of ElectriCo
Contact us at 866-765-5432 or e-mail for more information.