Introduction to the Texas ERCOT Power Market
E1026
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.
This proven online training program features the same material used in the popular PGS in-person classroom seminar. Register today and join the over 10,000 industry professionals who trust PGS for their energy training needs.
- 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
- 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
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.
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 30 days from the time any one of the training presentations is first accessed. After 30 days, 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.
CEO Acelerex
Dr. Johnson is CEO of Acelerex and has expertise and experience in the Valuation, Design, Procurement, and Operations of Grid Batteries
Dr. Johnson has been involved in the Energy Storage Road Map for the Maldives, Bermuda Energy Storage Sizing Study, New York Energy Storage Road Map, Massachusetts State of Charge Study, MISO Energy Storage Study, Ontario Energy Storage Study, and numerous other energy storage studies. He was selected by the World Bank to study 100% carbon-free grids with energy storage and Acelerex software and methods were selected by the International Agency for increasing penetration of renewables with energy storage. Dr. Johnson has invented and developed software for battery analytics and battery real time control. He is expert at power markets and valuation of energy storage to maximize utilization of existing transmission systems and co-optimization of transmission and other resources in addition of co-optimization of energy and ancillary services. A Harvard Business Case has been written for energy storage that includes methods pioneered by Dr. Johnson.
Dr. Johnson holds a Ph.D. in Power Engineering from Rensselaer Polytechnic Institute and an MS in Economics from Cass Business School, UK, and a Utility Corporate Finance Certificate for Gas and Electric Utilities from UConn Business School. Dr. Johnson has background in strategy, regulatory finance, economic optimizations, quantitative finance, electricity and energy markets, public policy, technical grid design, real-time optimizations, and high-performance computing.
$295 for a single attendee, $175 per attendee thereafter.
Special pricing is available for groups. Learn more. Questions? Email customercare@pgsenergy.com or call (843) 212-4038.
Payment is required prior to training program access, by Visa, Mastercard, American Express, or corporate check. Your card is charged at the time of registration unless other arrangements are made.
Cancellations for online programs can be made before the access instructions are sent and will result in a credit. For more on PGS policies regarding administrative matters and complaint resolution, contact our offices at (843) 212-4038.