Getting Ready for the New Southwest Power Pool (SPP) Market
April 11, 2006 - Marriott Denver City Center - Denver, CO
Click Here To Download A Complete Conference Brochure

Overview:

The goal of this one-day workshop is to prepare market participants for the new SPP market, which is planned to start on May 1, 2006. The seminar will use concrete case studies to illustrate the impact of the SPP market on the bottom-line profit for your genco assets. The workshop will cover the following ?hot? issues:

  • What are the main objectives of the new SPP market? What are the physical and financial impacts of the SPP market on your generation fleet?

  • How should you best prepare your genco team (portfolio managers, traders, risk managers, back-office personnel, and plant managers) for the new energy imbalance market in SPP?

  • How can you formulate unit offers to fully account for price and volumetric risks, operational constraints, production costs, and market mitigation rules?

  • What tools do you need to formulate the daily resource and ancillary-service plans to be submitted to SPP?

  • How can you formulate unit offers to manage your risks and maximize your expected profits?

  • How well can you forecast costs, revenues, profits & losses, fuel consumption, and emissions for units that are scheduled

  • by SPP?

  • How can you make sure that the 5-minute dispatch schedule received from SPP meets your plant operational constraints (NOx, take-or-pay gas, etc.)?

  • How can you verify that the SPP real-time dispatch is ?optimal? for your units?

  • What rules does SPP use to penalize units for uninstructed deviation?

  • How much money are you leaving on the table if you decide to self-schedule selected units? Or can you profit by self-scheduling?

  • How does a lower availability affect revenues and profits for your portfolio?

  • Why does SPP penalize market participants for under/over scheduling?

  • What are the key risk drivers in SPP? What is the best way to formulate hedging strategies for your genco assets?

  • In the long run, will your plants collect enough revenues from the energy, capacity, and ancillary service markets to cover for their operating and capital costs?

  • Do you need to have your own shadow settlement software to check the SPP settlement statements and invoices?

  • What are the key settlement charges in SPP?

  • How does SPP allocate revenue-neutrality charges?

  • What IT infrastructure should you build to automate the bid-to-bill process?

 Register Today!

Who Should Attend This Seminar:

  • Portfolio managers and traders responsible for optimizing unit commitment, formulating resource plan and ancillary-service plan, and submitting real-time unit offers for genco assets in SPP

  • Back-office employees who need to gain a good understanding of the new market rules, settlement rules, mitigation rules, and dispute resolution in SPP

  • Power-plant managers who would like to understand the impact of LIPs on their plant profitability

  • Genco executives who need a good understanding of the potential impacts of the new SPP market on their genco profits and losses

  • Employees of ISO/RTOs, attorneys, and regulators who need to understand market rules, congestion management philosophy, and mitigation guidelines in SPP

Topics Include:

  • Overview on SPP EIS Market

  • Definition of Locational Imbalance Prices (LIPs)

  • IT Infrastructure to Automate Bid-to-Bill Workflow

  • Forecast Loads

  • Key Factors Influencing Unit Costs

  • Running Shadow Settlement to Check SPP Invoices

  • Settlement Workflow

  • Understanding Settlement Statements

  • Market Mitigation

  • Rules for Market Monitoring and Mitigation

  • Preparing for New SPP Market

  • Training Key Personnel (Traders, Power-Plant Managers, Fuel Procurement, Risk Managers, Load Forecasters, etc) for Market-Based Operations

  • What IT Infrastructure Do You Need to Automate your Bid-to-Bill Process?

Course Instructors:

Khai Le, Vice President, PCI: Mr. Khai Le has conducted over 60 seminars on market-based operations, bidding strategies, and shadow settlement for market participants in MISO, PJM, ISO-NE, NYISO, SPP, ERCOT, and CAISO. He authored over 100 technical papers on unit commitment, hydro-thermal coordination, emission dispatch, optimization methods, post analysis and short-term planning. Five of his papers received prize awards. Mr. Le received his BS from Harvey Mudd College and his MS from Carnegie Mellon University. He is a Fellow of the IEEE and a Registered Professional Engineer in Pennsylvania.

Doug Logan, Vice President, PCI: Dr. Doug Logan is a recognized expert on market design, shadow settlement, FTR, and market mitigation. As chief designer of the PCI GenManager settlement module, he is currently working with market participants in MISO, PJM, SPP, CAISO, and ERCOT to build the IT infrastructure to automate their settlement workflow. He received his PhD in Engineering-Economic Systems from Stanford University and is a registered Professional Engineer.

Walter Hobbs, Vice President, PCI: Mr. Walter Hobbs is currently working with several SPP market participants to deploy the PCI suite consisting of PCI GenManager, PCI GenPortal, and PCI GenTrader to automate the SPP bid-to-bill workflow. Over the past 28 years, Walter has conducted many short courses on market-based operations, unit commitment, fuel optimization, long-range planning, and bidding strategies for utilities in North America. Walter received his Masters degree in Electrical Engineering from Brigham Young University. He is a registered Professional Engineer in Pennsylvania.