The importance of wholesale power markets continues to grow. For those who work for or provide services to an organization involved in electric markets an understanding of how these markets function is critical to success. Key areas include which services are traded, how bilateral and Independent System Operator (ISO) transactions are completed, how ISO markets operate, how bilateral and locational marginal prices (LMP) are determined, how risk is managed through physical and financial products, and how markets continue to evolve with the growth of renewable and distributed resources. Wholesale Power Markets: Trading, ISOs, Pricing, and Products explores each of these key principles in depth and can be customized to a specific ISO.
What participants will learn
- Basic market concepts including demand, supply, and factors driving price
- Who market participants are and what roles they play
- The various electric market structures in North America including regulated and competitive wholesale and retail markets
- Details on bilateral, electronic exchange, ISO, and regulated markets as well as the option of self-provision
- Details on each of the services traded in markets including capacity, energy, ancillary services, transmission rights, renewable energy credits, emission allowances, and financial services
- How each of the various markets set prices
- Concepts used to measure value, risk, and opportunity
- Techniques used to manage risk
- Market strategies used by generation, wholesale, and retail market participants to achieve success
- How wholesale markets are likely to evolve in the future
Contact us at 866-765-5432 or e-mail for more information.