Understanding and Succeeding in Electricity Markets

December 6-7, 2004 - Trump International Sonesta Beach Resort - Miami, FL
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Attend this unique seminar and get an in-depth introduction to the basic concepts, tools, and strategies needed to understand and excel in the fast paced and changing electric power industry.

Features:

  • Classroom Exercises to Reinforce Fundamentals

  • Market Simulation to Explore

  • Lessons Learned and Successful Strategies to Enhance Your Firm's Bottom Line

Course Description:

This in-depth introductory course is designed for those with a limited knowledge of the electric power system and restructured markets. It provides an overview of the industry focusing on the linkages between power system engineering, markets, regulatory policy, and business strategies. Specific examples and actual market data is used to illustrate basic principles and ideas. This seminar uses several approaches to elicit participation from attendees including group exercises and an electricity market simulation in which participants bid a portfolio of generation resources over the course of the seminar under various market rules and conditions. Participants will have plenty of opportunities to ask questions and discuss issues of special interest to them. Extensive and comprehensive course notes are provided to each attendee.

What Attendees Will Learn:

This intensive two-day course will provide participants with a solid understanding of the basic engineering and economic terms, issues, and methods of analysis necessary to be successful in electricity markets. Attendees will learn the following:

  • The basic components, design, and operation of electric power systems

  • Types of generation units and price-responsive load

  • The fundamentals of various electricity markets, including locational marginal pricing, bilateral, day-ahead, real-time, capacity, and ancillary services markets and how these markets are designed to be consistent with the engineering fundamentals of electric power systems

  • The impetus for restructuring the electric power system and introducing competition and the status of restructuring in different regions of the United States

  • The major industry players and the strategies that are being pursued

  • The fundamentals of risk management as applied to electricity products

  • Critical issues confronting the industry such as market power and reliability and likely future directions

  • Successful bidding, asset development, and ISO/RTO regulatory strategies

Course Instructor

Frank A. Felder

Frank A. Felder, PhD, is an expert on the economics and reliability of restructured electric power systems. He consults to a wide range of clients in the industry, advising them on market design, market power, electricity price forecasting, and risk management. He has testified before the Federal Energy Regulatory Commission and several state public utility commissions. As part of his consulting practice, Frank has conducted numerous seminars and lectures, and has widespread experience explaining complex -and sometimes arcane - material in an intuitive, humorous, and accessible manner. Frank is also Assistant Research Professor at the Bloustein School of Planning and Public Policy, Rutgers University where he conducts research in electricity markets with the Center for Energy, Economic & Environmental Policy. He holds a PhD in Technology, Management, and Policy from the Massachusetts Institute of Technology, where his research focused on the economics and reliability of restructured electric power systems. Visit online - www.independent-consultants.com.

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Click Here For A Complete Listing Of Upcoming Conferences






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