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United States Electric Power Industry Conference: ISO Markets, Energy Trading, and Renewable Energy Resources (New York, USA – November 15-16, 2022) – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “The Electric Power Industry in the United States Today, ISO Markets, Energy Trading, and Renewable Energy Resources” training has been added to from ResearchAndMarkets.com offer.

If you really want to understand the electric power industry in the United States, this course is for you.

This in-depth program provides a comprehensive and clear explanation of the structure, function, and current state of the electric power industry in the United States today; the many industry topics listed below; and how PPAs and other electricity transactions are carried out.

Each part of this complex industry will be explained piece by piece and then the pieces will be integrated so that you leave the seminar with an understanding of “how it all fits together”.

What you will learn

  • The structure and function of the electrical utility system, its terminology and units, and the properties of electricity.

  • How the North American electricity grid is structured, how it works and what are the different types of electricity production.

  • How Control Zones, Balancing Authorities, Spinning Reserves, AGC, and Safety Constrained Environmental Economic Dispatch work.

  • Who are the major players in the industry and why the industry is so difficult to restructure.

  • How cost-of-service utility pricing and deregulated open-access markets work, and why open-access retail electricity markets are finally growing in states that allow them.

  • What ISOs, RTOs, ITCs and merchant transmission companies are and how they work.

  • What are smart grid, demand side management (“DSM”), distributed energy resources (“DER”) and demand response (“DR”), and how do these forms of “virtual generation” and resources Renewable energy sources are disrupting the US power supply industry.

  • The opportunities and challenges associated with wind, solar and other renewable energies.

  • How ISO Day-Ahead Energy Auction Markets work in PJM, New York, Texas, California, MISO and other ISO areas;

  • What is Locational Marginal Pricing (LMP) and why is it important? how day-ahead and real-time LMP are applied in ISO markets, and why FTRs, TCCs, CRRs, TCRs, virtual offerings (“Incs & Decs”) and convergence auctions are important at to understand.

  • What are capacity markets and resource adequacy, and how this important issue relates to demand response, DER and demand side management and affects the integration of wind, solar and energy. other renewables into the existing power grid.

  • An overview of utility-scale solar, rooftop solar and net metering, as well as wind power and other renewable energy resources.

  • What is the Western Grid “Energy Imbalance Market” and why it is important to understand Community Choice Aggregators, California’s “Duck Curve” and “FRAC-MOO”.

Who should attend:

Among those who will benefit from this seminar are energy and electricity executives; Lawyers; government regulators; merchants and business support staff; marketing, sales, purchasing and risk management personnel; accountants and auditors; plant operators; engineers; and business planners.

The types of businesses that typically participate in this program include energy producers and distributors; public services ; banks and financial institutions; industrial enterprises; accounting, consulting and legal firms; municipal utilities; government regulators and electric generators.

Main topics covered:

DAY 1

  • The properties and terminology of electricity – current, power, var, voltage, etc.

  • An overview of the electrical service system and how it works.

  • The structure and function of the North American electrical grid.

  • How control zones and balancing authorities work, what are spinning reserves, and how the lights are kept on.

  • The advantages and disadvantages of the different sources of electricity production (coal, natural gas, nuclear, renewable energies) and how they work.

  • How Cost-of-Service Pricing and Open Access Retail Markets Work

  • Why open access retail electricity markets are finally growing in states that allow them.

  • Who are the different players in the industry and their roles.

  • Why restructuring today’s electricity markets is such a complicated task.

  • The difference between ISOs, RTOs, ITCs and merchant transmission companies.

  • Why it is so difficult to build new high voltage power lines.

  • How ISO Day-Ahead Energy Auction Markets work in PJM, New York, Texas, California, MISO and other ISO regions.

  • What is Locational Marginal Pricing (LMP) and why it matters.

  • How Day-Ahead and Real-Time LMPs have been applied and managed in ISO markets.

  • Virtual auctions (“Incs & Decs”) and convergence auctions and their purpose.

  • Financial Transmission Rights (“FTR”), Congestion Revenue Rights (“CRR”), TCC, TCR and TR.

  • Futures capacity markets, resource adequacy and production reserve margins.

DAY 2

  • Wind, utility scale solar, rooftop solar, community solar and the net metering debate.

  • The opportunities, challenges and risks associated with wind, solar and other renewable energies.

  • Smart Grid, Demand Side Management (“DSM”), Distributed Energy Resources (“DER”), and Demand Response (“DR”), and why these assets are forms of “virtual” power generation.

  • How Wind, Solar, DER, DSM, Demand Response, and Conservation Are Disrupting the US Electric Industry

  • Western Grid’s “Energy Imbalance Market”, California’s “Duck Curve”, and California’s “FRAC-MOO”.

  • The fundamentals of bilateral power transaction units, concepts and terminology.

  • Common contractual language used for bilateral energy transactions.

  • Firm point-to-point transmission service, firm and non-firm network, and how to purchase transmission contracts on OASIS.

  • How to transport physical energy using a purchased transmission service and the purpose of NERC tags.

  • What are “seller’s choice” and “buyer’s choice”, and how do “daisy chains” form in virtual commerce centers.

  • The difference between physical, programmed and contractual energy flows, and why energy transactions have nothing to do with the flow of electrons.

  • How trading floors and futures markets help traders manage risk.

  • How and why physical energy transactions are often “reserved” and settled in cash.

  • Why do companies often financially move physical energy, causing it to “jump” from one region to another.

  • An introduction to cash-settled power futures, swaps and CFDs, and how these products relate to ISO-administered Financial Transmission Rights (FTRs), Congestion Revenue Rights (CRRs) and TCCs.

  • Detailed examples of how to execute wholesale and retail electricity marketing transactions inside and outside an ISO area, including commonly used contract language and NERC tags; how to manage price, PMT, basis, delivery, volumetric, intermittency and operational risks; and the importance of including NITS, TAC, UCAP, resource adequacy and ancillary service charges.

  • The difference between operating, economic, market and traded heat rates, and what the terms spark spread, dark spread and bark spread mean.

  • What are “toll agreements” and how the powerful technique of heat rate linked electricity transactions can be used.

  • How a natural gas-fired power plant is a call option on spark spread, what “optionality” means, and a simple rule to use to optimize the economics of natural gas or coal-fired merchant generation

For more information on this training, visit https://www.researchandmarkets.com/r/fjtuvw