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.
For more information about this conference visit https://www.researchandmarkets.com/research/2pvn36/todays_u_s