In Depth: The U.S. Power Industry, ISO Markets, Electric Power Transactions, & Renewable Energy Resources
Dec 10 & 11, Houston
Mar 25 & 26, Hilton Head Island
Apr 21 & 22, Houston
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Learn «how it all fits together.» This in-depth, ambitious and fast-paced program provides a comprehensive and clear explanation of the structure, function, and current status of today’s U. S. electric power industry and the many industry topics listed below, but it also adds material to address the fundamentals of power marketing and how competitive physical, financial and heat rate power transactions are designed and executed at the wholesale and end-user retail levels–both within and outside of an ISO footprint. The basics of heat rates, spark spreads, tolling deals, generation optionality, and heat-rate-linked power transactions are also addressed.

Before addressing power marketing and transactions, this fast-paced seminar provides a comprehensive and clear explanation of the structure, function, and current status of today’s U. S. electric power industry; who the industry players are, and why it is so difficult to develop new projects and get things done; the fundamentals of ISO day-ahead auctions, LMP, FTRs, CRRs, LSEs, SCs, QSEs and forward capacity markets; the basics of utility cost-of-service ratemaking, competitive customer choice retail markets, heat rates, electricity storage, solar, wind, distributed energy resources («DER»), demand response and demand side management («DSM»); and the reliability and economic «Duck Curve» type of issues raised by the integration of renewable energy, DER, and electricity storage resources into the existing power grid.

Each part of this complex industry will be explained piece-by-piece, and then the pieces will be integrated so that attendees will leave with an understanding of «how it all fits together.»

What You Will Learn

Please click on the link above for full details. This seminar is the most comprehensive training program available for this important and exciting industry.

Today’s Natural Gas Industry, New Regulatory/Pipeline Dynamics, and How Physical Natural Gas Transactions Are Done
Dec 11 & 12, Houston

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This comprehensive and clearly explained program is for professionals who are seeking an in-depth understanding of today’s North American natural gas industry and want to be up and running to make intelligent and prudent trading and buying decisions.

Learn how the transportation/delivery infrastructure works and how deals are done. Know who the natural gas market participants are and how commercial transactions occur along each segment of the value chain. Understand and apply your knowledge of how the wholesale natural gas and transportation markets operate and where the new opportunities are in today’s dynamic natural gas marketplace.

You will be more confident and benefit from knowing comprehensive nuts-and-bolts fundamentals through to understanding physical transactions and strategies to start making money and avoiding costly mistakes.

What You Will Learn

A detailed understanding of all parts of the natural gas value chain, infrastructure components and how the natural gas industry operates across the value chain spectrum. • What natural gas is, how it is created, the different «types» of natural gas based on various factors and sources, terminology, measurements and conversions. • The essential of understanding how gas is used, by whom and what are demand drivers and related issues. • The basics of natural gas production, drilling techniques and economic and market issues around production operations in different types of production basins that impact supply availability. • What does the unprecedented growth of unconventional gas supplies mean for the future of natural gas production and how it is change infrastructures, pipeline flows and delivery options. • How to assess transportation services and options and understand the wide range of transportation services and arrangements. • How the natural gas transportation and capacity release business is handled along each segment of the delivery value chain and how it operates. • The essentials and the changing dynamics of transportation capacity markets due to unprecedented infrastructure operational and flow changes. • The details of gas transportation, pooling, nominations, confirmations, scheduling, receipt and delivery point priorities and balancing through the delivery chain. • What PDAs, OBAs, OFOs, etc., allocations, penalties, interruptions and curtailments are, and why they are important. • The essentials of factors involved in bringing gas to market, transportation services and types, rates and rate components and pipeline tariff components. • The terminology, concepts and mechanics of physical natural gas trading, wholesale market centers, and pool-to-pool virtual title transfers. • The changing dynamics of capacity markets with new production sources, pipelines, storage and LNG projects and the impacts on overall gas transactions, including commodity pricing, basis differentials and pipeline capacity. • Who the key commercial value chain participants are and how they manage their respective segments and their different objectives. • How marketers put together and process deals through each step in the «Front, Middle and Back Offices». • How wholesale physical gas trading is done at physical market centers and the critical roles that transportation management and capacity release play in determining gas delivery pricing. • Natural gas pricing concepts and mechanisms and the essentials of locational basis, commodity pricing and overview of the different types of price tools. • The essentials of factors impacting price volatility and commodity price components. • The major types of transaction risks, the fundamentals of price risks and risk assessment in commercial operations. • How to apply pricing strategies, market prices, risk assessment and load requirements for gas procurement strategies and requirements.

Fundamentals of The Texas ERCOT Electric Power Market
Dec 11 & 12, Houston

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This new in-depth two-day program provides a comprehensive and clear explanation of the structure, function, and current status of the Texas ERCOT ISO including its operations, the fundamentals of day-ahead and real-time energy auctions, LMP, CRRs, generation capacity markets (Resource Adequacy) and the new operational and economic issues raised by the integration of solar, wind, distributed generation («DER»), demand response («DR») and demand side management («DSM») resources.

Gain an understanding of the dynamic Texas wholesale and retail competitive markets, and learn how these markets interface with ERCOT ISO energy auctions and ISO operations. Understand, enhance and apply knowledge of the ERCOT’ nodal market operations for Energy, Ancillary Services, Market Settlements, Capacity, Retail and Renewables.

This seminar will also address the rapidly expanding new market opportunities in Texas Renewables – Wind, Solar, etc., Distributed Generation («DER»), Demand Response and Demand Side Management («DSM») as well as the new opportunities that will be emerging from the current re-design of ERCOT Ancillary Services, future Ancillary and Capacity market initiatives and the further unbundling of ERCOT services.

What You Will Learn

ERCOT’s market functions, market participants and players and how they interface and do business. • The importance of the QSEs’ central role in representing market participants before ERCOT, • What makes the ERCOT market unique compared to all other ISOs and RTOs. • What changed after the move to a nodal market design and major transactional differences. • What the «Shadow Price» is, and why it is important and its relationship to LMP. • Nodal System: LMPs, congestion management and CRRs and settlement processes. • The functions and importance of congestion revenue rights and why these financial instruments are used • ERCOT’s zonal and local congestion management operations and differences • Day-Ahead and real-time markets for energy, ancillary services and capacity – RUC and HRUC. • The workings and relationship of the day-ahead and real-time markets

In-Depth: Practical Statistical Analysis for the Energy & Power Markets
Dec 11, 12 & 13, Houston
Apr 22, 23 & 24, Houston

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Learn «how it all fits together.» This in-depth, ambitious and fast-paced program provides a comprehensive and clear explanation of the structure, function, and current status of today’s U. S. electric power industry and the many industry topics listed below, but it also adds material to address the fundamentals of power marketing and how competitive physical, financial and heat rate power transactions are designed and executed at the wholesale and end-user retail levels–both within and outside of an ISO footprint. The basics of heat rates, spark spreads, tolling deals, generation optionality, and heat-rate-linked power transactions are also addressed.

Before addressing power marketing and transactions, this fast-paced seminar provides a comprehensive and clear explanation of the structure, function, and current status of today’s U. S. electric power industry; who the industry players are, and why it is so difficult to develop new projects and get things done; the fundamentals of ISO day-ahead auctions, LMP, FTRs, CRRs, LSEs, SCs, QSEs and forward capacity markets; the basics of utility cost-of-service ratemaking, competitive customer choice retail markets, heat rates, electricity storage, solar, wind, distributed energy resources («DER»), demand response and demand side management («DSM»); and the reliability and economic «Duck Curve» type of issues raised by the integration of renewable energy, DER, and electricity storage resources into the existing power grid.

Each part of this complex industry will be explained piece-by-piece, and then the pieces will be integrated so that attendees will leave with an understanding of «how it all fits together.»

What You Will Learn

Please click on the link above for full details. This seminar is the most comprehensive training program available for this important and exciting industry.

Energy/Electricity Hedging, Trading, and Commodity Markets
Dec 12 & 13, Houston
Apr 23 & 24, Houston
Jun 25 & 26, New York City
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This proven program is for energy and electric power professionals who are looking for a comprehensive and clearly explained understanding of natural gas, oil and electricity financial instruments, the markets they trade in, and how these powerful tools can be used to manage risk and structure profitable transactions.

What You Will Learn

How to use futures contracts, options, swaps, trigger deals, “The Master Energy Hedging Equation” and other techniques to create customized risk management solutions. • How your company may be missing out on significant money by under valuing energy options. • What The “Master Energy Trading Equation” is, and why trading energy and electricity is different. • How energy & power traders can get an «edge» on the competition. • How to financially turn one commodity into another. • And much, much more… • Please click on the above Web link to see a detailed seminar Agenda.

Additional Upcoming Seminars

Fundamentals of Modern Electrical Transmission and Distribution Systems
December 10 & 11 • Orlando, FL • Click here to learn more

In Depth: The U.S. Power Industry, ISO Markets, Electric Power Transactions, & Renewable Energy Resources
March 25 & 26 • Hilton Head Island, SC • Click here to learn more

In-Depth: Practical Statistical Analysis for the Energy & Power Markets
April 22, 23 & 24 • Houston, TX • Click here to learn more