Fundamentals of Today's Texas ERCOT Electric Power Market Seminar

A New Two-Day Classroom Seminar (CPE Approved)


8 June, 2017 - 9 June, 2017
Houston, United States
ASDR-15737

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

  1. ERCOT's market functions, market participants and players and how they interface and do business.
  2. The importance of the QSEs' central role in representing market participants before ERCOT,
  3. What makes the ERCOT market unique compared to all other ISOs and RTOs.
  4. What changed after the move to a nodal market design and major transactional differences.
  5. What the "Shadow Price" is, and why it is important and its relationship to LMP.
  6. Nodal System: LMPs, congestion management and CRRs and settlement processes.
  7. The functions and importance of congestion revenue rights and why these financial instruments are used
  8. ERCOT's zonal and local congestion management operations and differences
  9. Day-Ahead and real-time markets for energy, ancillary services and capacity - RUC and HRUC.
  10. The workings and relationship of the day-ahead and real-time markets


You Will Also Learn

  1. How Bilateral and Auction Markets interface and how they work independently and together.
  2. Wholesale pricing, retail market Functions and structures for retail business.
  3. The key wholesale market settlement operations under the nodal market.
  4. How ERCOT's retail market works and what's going on in this market.
  5. The controversial relationships between reserve margins and real-time energy price market caps.
  6. What Generation, Transmission and infrastructure issues ERCOT faces now and over the next ten years.
  7. ERCOT has targeted demand response deployments, renewable energy and DSM programs and those on the horizon.
  8. The interconnectivity issues in natural gas and power markets.
  9. How the different IT systems fit together and are used in the Wholesale and Retail Markets.
  10. What are the steps for planning and accomplishing resource interconnections with ERCOT


Who Should Attend this Seminar

Professionals from natural gas and electric utilities, pipelines, attorneys; government regulators, traders & trading support staff, energy producers and marketers, banks and hedge funds, government regulators, buyers and operators, accountants & auditors, industrial trade groups, shipping and cargo executives, equipment manufacturers and suppliers, environmentalists, and anyone needing a solid overview and foundation in understanding how ERCOT works and current issues.

Prerequisites and Advance Preparation
This fundamental level group live seminar has no prerequisites. No advance preparation is required before the seminar.

Program Level

Basic level. This fundamental course begins with basic material and then proceeds to the intermediate level.

Delivery Method
Group-live.


Hotel and Seminar Information

This two-day seminar will be held at the hotels listed below. The seminar will start promptly at 8:00 AM and will finish at 4:00 PM on the first day. On the second day, the seminar will resume at 8:00 AM and will finish at noon. The program includes continental breakfast, lunch on the first day and coffee breaks. Attendees also receive a professionally produced seminar manual that can serve as a valuable office reference. Dress is casual for all seminars.

Homewood Suites by Hilton Houston Near the Galleria
2950 Sage Road
Houston, TX 77056
Telephone: (713) 439-1305
View Seminar Location Website

Because of the diversity of hotels found in the area, we will not be holding a block of sleeping rooms with one particular hotel.


Your Instructor

Greg Peters
Greg Peters is President, EnVision Energy Solutions and the natural gas consultant to the Midwest ISO and author of several of the MISO’s electric – natural gas infrastructure interdependency studies. Mr. Peters has over 25 years of energy industry consulting and management experience and is an expert in energy products and services marketing and supply planning, procurement and energy management. Mr. Peters' consulting experience includes several years as Manager of Price Waterhouse's National Public Utilities Consulting Services and currently as President, Envision Energy Solutions Company. Envision provides gas, electric and fuel management consulting services to a wide range of industrial, commercial and municipal end-users. Previously, Mr. Peters has had fuel procurement, fuel management and planning responsibilities for Columbia Energy Services Corporation, Equitable Gas Company, and The Peoples Natural Gas Company.


Seminar Agenda

Registration form
Fundamentals of Today's Texas ERCOT Electric Power Market Seminar


8 June, 2017 - 9 June, 2017
Houston, United States
ASDR-15737

Fax or email back this form to: +31 (0)20 486 02 16 or sales@asdevents.com

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Standard - Two Day Seminar US$1,840.00 

Government Employees - Two Day Seminar US$1,661.00 

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ASDEvents.com / ASD Media BV
Veemkade 356
1019HD Amsterdam
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Phone +31 (0)20 486 12 86
Email: sales@asdevents.com

 


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