Online Courses

Day Ahead Energy Auctions, LMP, and ISO Virtual Transactions

1.5 hour on-demand seminar with Live Q&A
Available Now. (96 hour access)

How this online course works

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.)

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.

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.

On-Demand Access Time

The on-demand training presentation is available for a total of 96 hours from the time the training program is first viewed. After 96 hours, your access to the online presentation will expire. However the PDF training program slides and other materials you receive are yours to keep.

Program Pricing

 PGS online courses are known for their clear explanations and in-depth content. 
 
1.5 hour on-demand seminar with Live Q&A - Available Now. (96 hour access)

$245 for the first attendee, $195 for the second attendee, and $95 for each attendee thereafter

Payment and Cancellations

Payment is required prior to training program access. Payment can be made by Visa, Master Card, 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.
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