ONLINE COURSES

Power Industry Fundamentals

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E1026
Introduction to the Texas ERCOT Power Market
A 1/2 Day Online Training Program
Available October 9 (72 hour access)

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.

What You Will Learn
  1. How ERCOT marketplace is structured and why it is unique.
  2. Who are the different types of players and their different roles.
  3. Who the key wholesale and retail stakeholders and market participants are, and how their activities shape ERCOT's operations.
  4. The key role of the QSE and its Pivotal Role Among all the Players
  5. Highlights of the move from a "Zonal" to a "Nodal" Market Design.
  6. What changed after the move to a Nodal Market Design and major transactional differences.
  7. What are LMPs and the significance of LMP pricing mechanism
What You Will Also Learn
  1. Congestion Pricing and Management
  2. What the "Shadow Price" is, and why it is important.
  3. Critical Parts of the Nodal Wholesale Market
  4. The role and Importance of Bilateral Markets
  5. What and How the Day-Ahead Market Works
  6. Real-Time, Day-Ahead and Ancillary Services Markets Interaction
  7. 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.

  1. 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.
  2. 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.

Your Instructor
Dr. Randell Johnson
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.

Program Pricing
$295 for single attendee, $175 per attendee thereafter.
Special pricing is available for groups. Please click here for more information.

If you have additional questions please email customercare@pgsenergy.com or call (843) 212-4038.
Payment and Cancellations

Payment is required prior to training program access. Payment can be made by Visa, Mastercard, American Express, or corporate check. Your credit card will be charged at the time of registration unless other arrangements have been made.

Cancellations for online training programs can be made before the program access instructions are sent by PGS, and cancellations will result in a credit. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (843) 212-4038.

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.

Prerequisites and Advance Preparation

This fundamental level online training program has no prerequisites. No advance preparation is required.

Why Choose PGS?

PGS training programs are known for their clear explanations and in-depth content. Register today, and join the over 10,000 industry professionals who trust PGS with their energy training needs.