Two Day Seminar: Fundamentals of The Texas ERCOT Electric Power Market (Houston, United States – December 7-8, 2017) – Research and Markets

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Fundamentals
of The Texas ERCOT Electric Power Market” conference to their
offering.

This new in-depth two-day program provides a comprehensive and clear
explanation of the structure, function, and current status of the Texas
ERCOT ISO including its operations, the fundamentals of day-ahead and
real-time energy auctions, LMP, CRRs, generation capacity markets
(Resource Adequacy) and the new operational and economic issues raised
by the integration of solar, wind, distributed generation (DER), demand
response (DR) and demand side management (DSM) resources.

Gain an understanding of the dynamic Texas wholesale and retail
competitive markets, and learn how these markets interface with ERCOT
ISO energy auctions and ISO operations. Understand, enhance and apply
knowledge of the ERCOT nodal market operations for Energy, Ancillary
Services, Market Settlements, Capacity, Retail and Renewables.

This seminar will also address the rapidly expanding new market
opportunities in Texas Renewables – Wind, Solar, etc., Distributed
Generation (DER), Demand Response and Demand Side Management (DSM) as
well as the new opportunities that will be emerging from the current
re-design of ERCOT Ancillary Services, future Ancillary and Capacity
market initiatives and the further unbundling of ERCOT services.

What You Will Learn:

– ERCOT’s market functions, market participants and players and how they
interface and do business.

– The importance of the QSEs’ central role in representing market
participants before ERCOT,

– What makes the ERCOT market unique compared to all other ISOs and RTOs.

– What changed after the move to a nodal market design and major
transactional differences.

– What the “Shadow Price” is, and why it is important and its
relationship to LMP.

– Nodal System: LMPs, congestion management and CRRs and settlement
processes.

– The functions and importance of congestion revenue rights and why
these financial instruments are used.

– ERCOT’s zonal and local congestion management operations and
differences.

– Day-Ahead and real-time markets for energy, ancillary services and
capacity – RUC and HRUC.

– The workings and relationship of the day-ahead and real-time markets.

You Will Also Learn:

– How Bilateral and Auction Markets interface and how they work
independently and together.

– Wholesale pricing, retail market Functions and structures for retail
business.

– The key wholesale market settlement operations under the nodal market.

– How ERCOT’s retail market works and what’s going on in this market.

– The controversial relationships between reserve margins and real-time
energy price market caps.

– What Generation, Transmission and infrastructure issues ERCOT faces
now and over the next ten years.

– ERCOT has targeted demand response deployments, renewable energy and
DSM programs and those on the horizon.

– The interconnectivity issues in natural gas and power markets.

– How the different IT systems fit together and are used in the
Wholesale and Retail Markets.

– What are the steps for planning and accomplishing resource
interconnections with ERCOT.

For more information about this conference visit https://www.researchandmarkets.com/research/gwcj6m/fundamentals_of

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
U.S.
Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related
Topics: Electricity