Today’s U.S. Electric Power Industry, Renewable Energy, ISO Markets, & Electric Power Transactions (Houston, United States – December 5-6, 2017) – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Today's
U.S. Electric Power Industry, Renewable Energy, ISO Markets, & Electric
Power Transactions" conference has been added to Research
and Markets' offering.

This in-depth two-day program (CPE approved) 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 and capacity markets.

The operational and economic issues raised by the integration of solar,
wind, distributed generation, and demand response power resources into
the existing Power Grid; how to market and trade physical and financial
electricity both within and outside an ISO footprint; and how
heat-rate-linked, spark spread, and tolling deals are structured within
and outside of Texas.

Each part of this complex industry will be explained in step-by-step
fashion and then all the pieces will be integrated using several clear
cut examples so that attendees will leave with an understanding of how
it all fits together.

The seminar also addresses the basics of the electricity futures
contracts which trade on the Intercontinental ("ICE") and Chicago
Mercantile ("CME") Exchanges.

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 and how it operates;
  how the major sources of electric generation work (coal, natural gas,
  nuclear, renewables) and the issues they face; how control areas,
  spinning reserves, AGC and economic dispatch works.
• Who the key players in the industry are, and why the industry is so
  difficult to restructure.
• The differences between cost-of-service regulation, open access
  markets, ISOs, transcos, ITCs, RTOs, and ICTs.
• What the "smart grid" is, a summary of the different business models
  being tested, a discussion of the key issues and how the smart grid is
  likely to develop.
• The major issues facing wind energy, solar and other renewables and
  how these generation sources relate to the proposed buildout of the
  backbone power grid.
• How ISO Day-Ahead auction markets operate in PJM, New York, Texas,
  California and other markets; what locational marginal pricing (LMP)
  is, and why it is important; how LMP is applied in the ISO markets,
  and why FTRs, TCCs, CRRs, TLRs, RPM and forward capacity markets are
  important concepts to understand. (The seminars presented at the
  Houston and California locations will discuss the Texas and
  California/Western Power markets respectively. Philadelphia, New York
  and Washington D.C. seminars will focus on PJM, MISO and the New York
  ISO.)
• What capacity markets and resource adequacy are, and how these
  important issues affect the integration of wind, solar and other
  renewables and how all these issues relate to demand response and the
  Smart Grid. You will also learn what California's new "Energy
  Imbalance Market" and "Duck Curve" are and why these topics are
  important.

You Will Also Learn:

• The structure and characteristics of the wholesale bilateral spot and
  forward physical and financial power markets.
• The terminology, concepts and mechanics of power marketing & trading,
  and the difference between physical, scheduled and contract path power
  flows.
• Why open access retail electricity markets may finally now develop.
• The details of how to structure and execute wholesale and retail power
  marketing transactions both within and outside of an ISO footprint –
  including common contract language, NERC tags, LMP basis risk, NITS &
  ancillary service charges, etc.
• What "sellers choice is", and how forward "daisy chains" form at
  virtual trading hubs.
• How to financially trade physical power with financial bookouts.
• How power marketing wholesale and retail transactions are done within
  the ISOs, why wholesale bilateral transactions in theses markets are
  primarily financial, AND how each piece of end-user transactions is
  assembled and hedged step-by-step, including price, basis, delivery,
  NITs charges, UCAP charges, ancillary charges, etc.
• An overview of the three different types of forward electricity
  markets: physical, over-the-counter financial and CME & ICE
  electricity futures contracts.
• The basics of the ICE and CME electricity cash-settled futures
  contracts, and how these contracts can be used to hedge electricity
  price and LMP spread risk.
• How the Dodd-Frank law implementation is impacting power markets.
• An introduction to electricity swaps and Cfds and how these relate to
  ISO financial transmission rights (FTRs, CRRs and TCCs).
• The difference between operating, economic, market and negotiated heat
  rates, and what spark spreads, dark spreads, are bark spreads are.
• What "tolling deals" are, and how the powerful techniques of physical
  and financial heat-rate-linked power transactions work.
• Spread trading, trading around assets, how to make electricity
  financially "jump" between regions, and other basic power trading
  techniques.
• 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 merchant generating plant.

For more information about this conference visit https://www.researchandmarkets.com/research/4l83vj/todays_u_s

Contacts

Research and Markets
Laura Wood, Senior Manager
[email protected]
For
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related
Topics: Electricity
, Renewable
Energy