Market Overview

2 Day Program: Today's U.S. Electric Power Industry, Renewable Energy, ISO Markets and How Electric Power Transactions Are Done -


The "Today's
U.S. Electric Power Industry, Renewable Energy, ISO Markets and How
Electric Power Transactions Are Done"
conference has been added
to's offering.

Learn how it all fits together.

This in-depth two-day program provides a comprehensive and clear
explanation of:

  • the structure, function, and current status of today's U.S. electric
    power industry
  • the fundamentals of ISO day-ahead auctions, LMP, FTRs, CRRs and
    capacity markets
  • the reliability and economic issues raised by the integration of
    solar, wind, distributed generation and demand response resources into
    the existing power grid
  • how physical and financial electricity transactions are done at the
    wholesale and end-user retail levels both within and outside of an ISO
  • and the basics of heat rates, spark spreads, tolling deals and a
    heat-rate-linked power transactions

Each part of this complex industry will be explained piece-by-piece and
then the pieces will be integrated using several clear cut examples so
that attendees will leave with an understanding of how everything fits

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
  • 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.
  • and much more...

For more information about this conference visit

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