Online Seminars

Introduction to ISO Day Ahead Energy Auctions and Locational Marginal Price (LMP)

On-Demand Recording ‐ Available Now! (72 hour access)

How These Online Seminars Work

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

This easy-to-follow 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 seminar features the same material used in the popular PGS in-person classroom training program. Register today and join the over 10,000 energy professionals who have already benefited from an in-depth PGS seminar.

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 Seminar

This seminar 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 group live seminar 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 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.

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.

Seminar Price

$179 for the first attendee, $99 for the second attendee, and $49 for each attendee thereafter
for either the live or on-demand version of this seminar.

Payment and Cancellations

Payment is required prior to seminar attendance. Payment can be made by Visa, Master Card, or American Express. Seminar purchases will be charged to your credit card at the time of registration unless other arrangements have been made.

Live seminar registrations can be cancelled for a full refund up to 5:00 PM (U.S. Eastern Time) two (2) business days before the scheduled seminar date. For example if the live seminar is on Thursday then the cancellation would need to occur by 5:00 PM Eastern Time on the Tuesday before the seminar. No refunds will be made thereafter, but a streamed recording of the live seminar can be provided. Attendee substitutions may be made at any time. 

Due to the nature of a recorded event, no refunds can be made for on-demand recorded seminars. For more information on PGS policies regarding administrative matters and complaint resolution, please contact our offices at (440) 853-1038.

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