ONLINE COURSES

Power Marketing

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EJS-201
Day Ahead Energy Auctions, LMP, and ISO Virtual Power Transactions
1.5 hour on-demand seminar with Live Q&A
Available Now (15 day access)

Regardless of how you interact with the U.S. electric power industry, an understanding of ISO day-ahead energy auctions and ISO terminology is important.

This seminar will bring you quickly up-to-speed on this complex topic. Learn key concepts, terms, and acronyms in 90 minutes instead of wasting two years trying to figure out what everyone is talking about.

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. A clear explanation of how the ISO/RTO day-ahead two-settlement energy auctions work.
  2. How an ISO functions as a non-profit semi-firm clearinghouse.
  3. Real world adjustments and generator restrictions that have turned ISO auctions into a semi-competitive/semi-administrative market.
  4. What Locational Marginal Pricing ( "LMP" or "LBMP" ) is and how it is used.
  5. The difference between Day-Ahead LMP, Hour-Ahead LMP, and Real Time LMP and how these these three markets relate to each other.
  6. What generator offer price caps and the generation "stack"are, and some of the the obligations created when generators receive capacity or resource adequacy payments.
  7. The definition of the terms operating reserve allocation, accounting true-ups, uplift/make whole payments, and Extended LMP.
  8. Virtual/Convergence Bidding, Incs/Decs, and Dart swaps.
  9. What the terms LSE, QSE, SC, and FTR/CRR/TCC mean, and why they are important.
  10. A brief overview of FTRs/CRRs/TCCs/TRs (Hint: They are the same financial product with different names.)
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 15 days from the time any one of the training presentations is first accessed. After 15 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.

Your Instructor
John Adamiak
President PGS Energy

John 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.

Program Pricing
$245 for single attendee, $155 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 (440) 853-1038.
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 (440) 853-1038.

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 online training program has no prerequisites. No advance preparation is required before the seminar, but a basic understanding of what an ISO is would be helpful.

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.