Energy Training & Electric Power Classroom Seminars

Fundamentals of The Texas ERCOT Electric Power Market
Understand ERCOT & the New World of Texas Electric Power
A Two-Day Classroom Seminar (CPE Approved)
Houston, TX - March 2 & 3, Homewood Suites by Hilton Houston Near the Galleria
Houston, TX - June 8 & 9, Homewood Suites by Hilton Houston Near the Galleria

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.

Click here to register.

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
Seminar Agenda
  • Understand the different types of players, stakeholders and their different roles and multiple functions.
  • The key wholesale and retail stakeholders and market participants are, and how their activities shape ERCOT's operations.
  • The importance of the QSEs' role and who can participate based on qualifications and objectives.
  • The day-ahead auction markets work, the timing issues and the types of products.
  • The critical functions and relationships of the day-ahead and real-time markets and how they interact in the wholesale and retail markets.
  • Locational marginal pricing (LMP) and why and how it's used for choosing offers and product pricing.
  • How LMP is calculated and used for transaction pricing at nodes, zones and hubs.
  • The different functions of ERCOT energy, balancing or “spot market” and ancillary market services.
  • What DRUC, HRUC and related capacity markets mean and why these distinctions are important.
  • The difference between auction and bilateral bulk power markets and the pros & cons of each.
  • How the “Two-Market Settlement” process works and the key wholesale market settlement activities.
  • Load Zone versus hub settlements and LMP calculation differences.
  • The concerns and relationships between reserve margins real-time energy price market caps and reserve markets.
  • New and potential future ancillary services in the works that will change the number of products offered.
  • ERCOT’s and the power industry’s perspectives on “forward capacity” markets and price caps.
  • The concerns and relationships between reserve margins real-time energy price market caps.
  • Generation, Transmission and other infrastructure issues ERCOT faces now and over the next ten years.
  • The "smart grid" is in ERCOT and a discussion of the key issues and how the smart grid is likely to develop and impact wholesale and retail price signals.
  • A summary of the key issues of today and where the ERCOT is headed, including a discussion of the smart grid, renewable energy and the building of new transmission lines.
  • 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.
  • The ERCOT targeted demand response deployments as cost-effective alternatives to transmission and distribution infrastructure upgrades for local reliability.
  • The roles that different distributed energy resources play in a targeted demand management program.
  • The drivers for the growing interest in these non-wires distributed generation (“DER”), demand response (“DR”) and related demand side management (“DSM”) initiatives.
  • The current and future issues facing ERCOT on DER, DR and DSM alternatives.
  • How end-users buy and manage their electric choices and procurement options and what are they today and expected to be in the future.
Your Instructor - Houston

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.

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.

Why choose PGS?

PGS seminars are known for their clear explanations and in-depth content. Register for a PGS class today, and join the over 10,000 energy professionals who have already attended one of PGS's proven programs. View Past Seminar Attendees

Hotel and Seminar Information
This one-day seminar will be held at the hotels listed below or can be conducted on-site at your facilities. The seminar will start promptly at 8:00 AM and will finish at 4:00 PM on the first day. On Day 2 the seminar will begin at 8:00 AM and end 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.
March 2 & 3
Homewood Suites by Hilton Houston Near the Galleria
2950 Sage Road
Houston, TX 77056
Telephone: (713) 439-1305
Call 713-439-1305 and ask for group code "PGM" to get the discounted rate of $149.00 plus Tax for a King room. Cutoff date is 2/10/17. Rooms sell out so make your reservation early.
June 8 & 9
Homewood Suites by Hilton Houston Near the Galleria
2950 Sage Road
Houston, TX 77056
Telephone: (713) 439-1305
Because of the diversity of hotels found in the area, PGS Energy Training will not be holding a block of sleeping rooms with one particular hotel. Should you need a list of local hotels in the area, please contact us at (440) 853-1038 and we can help you with your accommodations.
Registration Fee and Discounts

Register Today!. The price for this comprehensive two-day seminar is $1,795 (USD).

  • Additional attendees and government employees receive a 10% discount.
  • Members of TOGA, AIPRO, INGAA or IOGA-NY receive a 15% discount. Please call (440) 853-1038.
  • Sign up for 4 or more classroom seats during the same month and all attendees will receive a 20% total discount.
    (If you plan to register 4 or more classroom seats for the same seminar, but want attendees to pay by separate credit cards, register one party now and mention this fact in the "Comments" section of the registration form. We will manually subtract the 20% discount from the first registrant's seminar fee and will call you to obtain the credit cards and registration information for your other attendees in order to give them their 20% discount. If applicable the Early Bird discount of either $200 or $100 will be divided evenly between all participants.) Please call (440) 853-1038 for more information.
    Special pricing is available for groups of 5 or more. Please call Janice Ohmura at (440) 853-1038.
Payment and Cancellations

Payment is due prior to the start of the seminar by Visa, Master Card, American Express, Diners Club, or corporate check. Seminar fees will be charged to your credit card at the time of registration unless other arrangements have been made. Please make checks payable to "PGS Energy Training" 26 Teal Lane · Hilton Head Island, SC 29926. Cancellations can be made up to five (5) business days prior to the start of the seminar for a full refund. No refunds will be made thereafter, but a one year full seminar credit will be given toward future workshops upon receipt of $175 which will used to help offset the non-refundable food, beverage, manual and other expenses incurred by PGS. This one year seminar credit is good for any PGS Energy Training program except for seminars offered by PGS affiliate organizations. Colleague substitutions may be made at any time. If PGS needs to cancel a seminar due to instructor unavailability, lack of attendance or other unforeseen reason, you will be offered the choice of rescheduling for another seminar, a seminar credit, or a refund. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (440) 853-1038.

CPE Credits in Specialized Knowledge & Applications

This live group seminar is eligible for 11.0 CPE credits. Be aware that state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. As of January 1, 2002, sponsored learning activities are measured by program length, with one 50-minute period equal to one CPE credit. One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity. You may want to verify that the state board from which your participants will be receiving credit accept one-half credits.

PGS Energy Training is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. CPAs interested in attending any seminars should contact our offices for details on CPE credits granted and any prerequisite requirements. PGS telephone seminars are eligible for CPE credits only if seminar participants use the printed seminar slides - not the Internet posted slides.

PGS Energy Training is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits. PGS Energy Training has determined that attending Fundamentals of The Texas ERCOT Electric Power Market qualifies for 11.0 GARP CPD credit hours. If you are a Certified FRM or ERP, please record this activity in your Credit Tracker at http://www.garp.org/cpd.

The Global Association of Risk Professionals (GARP) is a not-for-profit membership association dedicated to preparing professionals and organizations for making better-informed risk decisions. GARP’s membership represents more than 150,000 risk management practitioners and researchers at academic institutions, banks, corporations, government agencies, and investment management firms in 195 countries and territories. GARP administers the Financial Risk Manager (FRM) and Energy Risk Professional (ERP) Exams – certifications recognized by risk professionals worldwide. Visit www.garp.org/cpe.

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