EnergyNewswatch

Introduction to Regional Wholesale Electricity Markets - RTOs and ISOs

Live Streaming Online August 4-5, 2022

A BankWebinars.com Program

Click Here to register ($1195)

If you are unable to attend at the scheduled date and time, we make recordings available to all registrants for three business days after the event

New electricity transmission, transmission expansion, and transmission upgrades are being proposed in every region of the US and Canada. Electricity transmission – and the need for more of it – is the key to many of North America’s energy goals, including increased reliability and security, the integration of more renewable energy, more competitive markets, and the construction and implementation of a smart grid. In addition, new transmission market mechanisms are being applied in many US regions. 

This course is designed to provide a practical overview of electricity transmission and the transmission system for non-engineers or those who are new to the industry. The course will cover how new transmission is designed and planned, as well as how the transmission system is regulated. Important topics such as markets and new technologies will also be discussed. 

Learning Outcomes

  • Define and describe the major concepts of electricity transmission
  • Explain considerations that impact transmission planning and design
  • Analyze the importance of transmission reliability and the factors that can affect it
  • Review the purpose, role, and impact of NERC
  • Identify the main drivers for new transmission and discuss the many challenges of transmission expansion
  • Examine the structure of major transmission markets in the US and comprehend how the market system operates

Agenda

TUESDAY, AUGUST 2, 2022

9:00 a.m. – 4:30 p.m. Central Time

Basic Electricity Concepts

  • Terms and definitions
  • Relationship of voltage, current, resistance and power
  • Direct and alternating current and voltage

Load

  • Sectors and characteristics
  • Electricity demand drivers
  • Load shapes, coincidence factor, and load factor

Generation

  • Electricity generation basics
  • Types of renewable and conventional generating resources

Transmission

  • Primary functions and voltage class
  • Major components of power lines and stations
  • High voltage AC transmission (HVAC)
  • Impact of transmission outages
  • High voltage DC transmission (HVDC)

FERC and State Regulation

Power System Reliability and Compliance

  • NERC compliance process overview
  • Bulk electric system reliability

Transmission Line Losses

System Integration and Grid Operation

  • System operations terminology
  • Balancing area concepts
  • Ancillary services

Power System Protection Basics

Transmission Planning Concepts and FERC Orders

Design & Planning

  • ROW considerations
  • Configurations
  • NECS
  • Survey
  • Types of structures

WEDNESDAY, AUGUST 3, 2022

9:00 a.m. – 12:00 p.m. Central Time

Renewable and Conventional Generating Resource Interconnection Requirements

Role of Transmission in Wholesale Real Time Power Markets

RTOs/ISOs

  • RTO advantages and disadvantages
  • FERC authority over RTOs/ISOs

Regional Organized Markets

  • The players

Locational Marginal Prices (LMP)

  • Components of LMP
  • Three bus examples for LMP

Transmission Congestion and Risk Management

  • Financial Transmission Rights (FTRs)

Emerging Issues:  Challenges and Opportunities

 

 



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