How This Seminar Works
	1. This live seminar consists of two 75-minute, high quality conference call combined with your choice of printed or Internet-posted slides. 2. The day before the seminar, you will be emailed a toll-free telephone number to access the audio portion of the live seminar session. The seminar's slides will be attached to the email as a PDF file, and a Website link will be provided so you can view the slides on the Internet if you prefer. Phone calls originating from outside of the USA and Canada will be a toll call billed to you by your telephone service provider. 3. A few minutes before the seminar is to begin, you will call the toll-free phone number to access the audio portion of the seminar. You can follow the visual portion of the presentation by using the printed PDF files or by viewing the Internet-posted slides on your computer screen. 4. A professional moderator will manage the seminar teleconference and there will be ample opportunity to ask questions. All participants will hear both the question and the instructor's response. After the seminar is over, further questions can be directed to the instructor via email.

Understand the basic workings of the dynamic Texas wholesale and retail markets; how the ERCOT ISO operates; and what changes are coming as ERCOT shifts from a “zonal” to a “nodal” or “LMP-type” form of Market Design.

This easy-to-follow seminar will quickly bring you up-to-speed on both the details and the "Big Picture" of this key market. . Click Here to Register

What You will Learn (Session #1 from 1:00 pm to 2:30 pm):

• How ERCOT marketplace is structured and why it is unique.
• Who the different types of and their different roles.
• Who the key wholesale and retail stakeholders and market participants are, and how their activities shape ERCOT’s operations.
• How ERCOT handles power transactions at the wholesale level.
• What the role of Market Clearing Prices are and how they are determined.
• What “Merit-Order” and “Out-of-Merit” mean and why these distinctions are important.
• The important Market and Commercial Operations functions.
• The ERCOT scheduling process and how it works.
• The different types of ERCOT Ancillary Capacity and Energy market services.

What You will Learn (Session #2 from 3:00 pm to 4:30 pm):

• The key wholesale market Settlement activities.
• ERCOT’s Zonal and Local Congestion Management procedures.
• What the “Shadow Price” is, and why it is important.
• Wholesale Balancing and the importance of the QSEs’ role.
• How ERCOT’s retail market works and what’s going on in this market.
• The retail market information system tools (SET, MarkeTrak and the TML) and their functions.
• Highlights of the move from a “Zonal” to a “Nodal” Market Design.
• What will and won’t change after the move to a Nodal Market Design.
• What Generation, Transmission and infrastructure issues ERCOT faces now and over the next ten years.

Your Instructor

Greg Peters has over 20 years of energy industry consulting and management experience and is an expert in energy products and services, marketing, and supply planning, procurement and energy management. Mr. Peters' consulting experience includes several years as Manager of Price Waterhouse's National Public Utilities Consulting Services and currently as President, Envision Energy Solutions Company. Envision provides gas, electric and fuel management consulting services to utilities, power producers, IT companies and a wide range of, industrial, commercial and municipal end-users. Previously, Mr. Peters has had "hands-on" and managerial responsibilities in gas supply planning, procurement, fuel management, corporate planning and rates responsibilities for Columbia Energy Services Corporation, Equitable Gas Company, and The Peoples Natural Gas Company.

Who Should Attend this Seminar

Professionals from natural gas and electric utilities, pipelines, attorneys; government regulators, traders & trading support staff, energy producers and marketers, banks and hedge funds, government regulators, buyers and operators, accountants & auditors, industrial trade groups, shipping and cargo executives, equipment manufacturers and suppliers, environmentists, and anyone needing a solid overview and foundation in understanding how ERCOT works and current issues.

Why Choose PGS?

Save time and travel expenses while you increase your knowledge. PGS seminars are known for their clear explanations and in-depth content. Over 3,000 energy and financial professionals have already attended PGS Energy Training's proven courses. View Past Seminar Attendees

Prerequisites

This fundamental level, group live seminar has no prerequisites. No advance preparation is required before the seminar.

Registration Fee