If you want to truly understand the U.S. electric power industry
, this course is for you.
This in-depth program provides a comprehensive and clear explanation of the structure, function, and current status of today's U.S. electric power industry
; the many industry topics listed below; and how PPAs and other power transactions are done.
Each part of this complex industry will be explained piece-by-piece, and then the pieces will be integrated so that you will leave the seminar 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 powergrid.
- 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."
Who Should Attend this Seminar
Among those who will benefit from this seminar include energy and electric power executives; attorneys; government regulators; traders & trading support staff; marketing, sales, purchasing & risk management personnel; accountants & auditors; plant operators; engineers; and corporate planners.
Types of companies that typically attend this program include energy producers and marketers; utilities; banks & financial houses; industrial companies; accounting, consulting & law firms; municipal utilities; government regulators and electric generators.Prerequisites and Advance Preparation
This fundamental level group live seminar has no prerequisites. No advance preparation is required before the seminar.Program Level & Delivery Method
Basic level. This
fundamental course begins with basic material and then proceeds to the
intermediate level. Delivery method is "Group-Live."
Your Instructor - Houston, Washington D.C.John Adamiak
John Adamiak is President and Founder of PGS Energy Training and an expert in energy derivatives and electric power markets. Mr. Adamiak is a well-known and highly effective seminar presenter who has over 20 years experience in the natural gas and electric power industries. His background includes 15 years as a seminar instructor, 9 years of energy transaction experience, and 6 years of strategic planning and venture capital activities. John's academic background includes an M.B.A. degree from Carnegie Mellon University.
Please fill in your name and email to receive the Seminar Agenda of this event.
VenueCourtyard Marriott Houston by the Galleria
2900 Sage Road, 77056
Houston, TX, USATelephone
: 713-622-3611View Hotel Website
There is a courtesy block of rooms for the rate of $109 USD per night, plus tax. There are a limited number of rooms, so book early. Last Day to book: Monday, November 14, 2022, if rooms are still available. To book your group rate click here
or call the hotel and ask for the DECEMBER PGS ENERGY TRAINING discount.
The seminar will start promptly at 8:00 AM
and will finish at 4:30 PM
on the first day. On the second day, the seminar will resume at 8:00 AM
and will finish at 3:00 PM
. The program includes continental breakfast, lunch, and coffee breaks on the first day. On the second day a continental breakfast, snack and coffee breaks are included. Attendees also receive a professionally produced seminar manual that can serve as a valuable office reference. Dress is casual for all seminars.