Understand the basic workings of the dynamic Texas wholesale and retail markets; how the ERCOT ISO operates; and what changes are coming as ERCOT shifts from a "zonal" to a "nodal" or "LMP-type" form of Market Design.
This easy-to-follow training program will quickly bring you up-to-speed on both the details and the "Big Picture" of this key market.
What You Will Learn
- How ERCOT marketplace is structured and why it is unique.
- Who are the different types of players and their different roles.
- Who the key wholesale and retail stakeholders and market participants are, and how their activities shape ERCOT's operations.
- The key role of the QSE and its Pivotal Role Among all the Players
- Highlights of the move from a "Zonal" to a "Nodal" Market Design.
- What changed after the move to a Nodal Market Design and major transactional differences.
- What are LMPs and the significance of LMP pricing mechanism
What You Will Also Learn
- Congestion Pricing and Management
- What the "Shadow Price" is, and why it is important.
- Critical Parts of the Nodal Wholesale Market
- The role and Importance of Bilateral Markets
- What and How the Day-Ahead Market Works
- Real-Time, Day-Ahead and Ancillary Services Markets Interaction
- The key wholesale market Settlement activities under Nodal LMP design
How This Online Course Works
Get the best of both worlds with this blended learning approach.
- Learn at your own pace and on your own schedule as you first enjoy the internet-streamed, on-demand seminar. Speed up, slow down, or repeat sections of the presentation.
- Upon completion, join us for one of our regularly scheduled live online Q&A sessions. A calendar of live Q&A dates and times is provided in the program access instructions you will receive. You can also email your questions directly to the instructor.
Course Access
You will receive immediate online access to the on-demand training presentation. The audio for the online seminar is only available through your computer or other Internet connected device. You will also receive links in your access instructions to PDFs for all the presentation materials in case you want to print or keep a copy.
The on-demand training presentations are available for a total of 72 hours from the time any one of the training presentations is first accessed. After 72 hours, your access to the on-demand presentations will expire. However the PDF formatted training program slides and other documents you receive are yours to keep.
Course Provider
Mr John Adamiak,
President ,
PGS Energy TrainingJohn 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.
Who Should Attend
This training program will benefit a wide variety of organizations in the electric power, financial and energy industries. Professionals from banks, energy producers, electric utilities, energy marketers, industrial companies, electric generators, and municipals will gain valuable insights, as will natural gas, oil and electric power executives, traders, marketers, (sales, purchasing & risk management professionals), accountants, economists, trading support staff, auditors, attorneys, government regulators, rate specialists, plant operators, engineers and corporate planners.
