U.S. Power Industry Seminar: Learn how it All Fits Together - ISO Markets, Electric Power Transactions, & Renewable Energy Resources (Hilton Head Island, United States - October 22-23, 2019)
DUBLIN, Sept. 17, 2019 /PRNewswire/ -- The "In Depth: The U.S. Power Industry, ISO Markets, Electric Power Transactions, & Renewable Energy Resources" conference has been added to ResearchAndMarkets.com's offering.
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Learn how it all fits together
This in-depth, ambitious and fast-paced program provides a comprehensive and clear explanation of the structure, function, and current status of today's U. S. electric power industry and the many industry topics listed below, but it also adds material to address the fundamentals of power marketing and how competitive physical, financial and heat rate power transactions are designed and executed at the wholesale and end-user retail levels - both within and outside of an ISO footprint. The basics of heat rates, spark spreads, tolling deals, generation optionality, and heat-rate-linked power transactions are also addressed.
Before addressing power marketing and transactions, this fast-paced seminar provides a comprehensive and clear explanation of the structure, function, and current status of today's U. S. electric power industry; who the industry players are, and why it is so difficult to develop new projects and get things done; the fundamentals of ISO day-ahead auctions, LMP, FTRs, CRRs, LSEs, SCs, QSEs and forward capacity markets; the basics of utility cost-of-service ratemaking, competitive customer choice retail markets, heat rates, electricity storage, solar, wind, distributed energy resources (DER), demand response and demand side management (DSM); and the reliability and economic Duck Curve type of issues raised by the integration of renewable energy, DER, and electricity storage resources into the existing power grid.
Each part of this complex industry will be explained piece-by-piece, and then the pieces will be integrated so that attendees will leave with an understanding of how it all fits together.
What You Will Learn
-- The structure and function of the electric service system, its
terminology and units, and the properties of electricity.
-- How the North American power grid is structured, how it operates and
what the different types of electric generation are.
-- How control areas, balancing authorities, spinning reserves, AGC and
security constrained environmental economic dispatch work.
-- Who the key players in the industry are, and why the industry is so
difficult to restructure.
-- How cost-of-service utility ratemaking and open access deregulated
markets work, and why open access retail electricity markets are finally
developing in states that permit them.
-- What ISOs, RTOs, ITCs and merchant transmission companies are, and how
they operate.
-- What the smart grid, demand side management (DSM), distributed energy
resources (DER) and demand response (DR) are, and how these forms of
virtual generation and renewable energy resources are disrupting the
U.S. power industry.
-- The opportunities and challenges associated with wind, solar and other
renewables.
-- How ISO Day-Ahead energy auction markets operate in PJM, New York,
Texas, California, MISO and other ISO areas;
-- What locational marginal pricing (LMP) is and why it is important; how
Day-Ahead and Real Time LMP is applied in the ISO markets, and why FTRs,
TCCs, CRRs, TCRs , virtual bids (Incs & Decs) and convergence bidding
are important to understand.
-- What capacity markets and resource adequacy are, and how this important
issue relates to demand response, DER and demand side management and
affects the integration of wind, solar and other renewables into the
existing power grid.
-- An overview of Utility scale solar, rooftop solar, and net metering, and
wind and other renewable energy resources.
-- What the Western Grid "Energy Imbalance Market" is, and why it is
important to understand Community Choice Aggregators, the California
"Duck Curve" and "FRAC-MOO."
You Will Also Learn
-- The terminology, concepts and mechanics of physical, financial & heat
rate power transactions.
-- How to transport physical power using OASIS and NERC tags, and how and
why companies often move physical power financially causing it to jump'
between regions.
-- The difference between physical, scheduled, and contract path power
flows.
-- What "sellers choice" is, and how transaction "daisy chains" form at
virtual trading hubs.
-- How and why physical power transactions are often booked-out and settled
in cash, and why bilateral transactions in ISO markets are primarily
financial.
-- How to execute wholesale and retail power marketing transactions both
within and outside of an ISO area- including commonly used contract
language and NERC tags; how to manage LMP, basis, delivery, volumetric,
intermittency and operational risks; and why NITS, TAC, UCAP, resource
adequacy and ancillary service charges need to be included.
-- How ICE & CME cash settled futures contacts, commodity swaps and
FTRs/CRRs/TCCs can be used to hedge electricity price, basis and LMP
spread risk.
-- The difference between operating, economic, market and negotiated heat
rates, and what the terms spark spread, dark spread and bark spread
mean.
-- What "tolling deals" are, and how the powerful technique of
heat-rate-linked power transactions can be used.
-- How a natural gas-fired generating plant is a call option on the spark
spread, what "optionality" means, and a simple rule to use to optimize
the economics of a natural gas or coal-fired merchant generating plant.
For more information about this conference visit https://www.researchandmarkets.com/r/lc5nof
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