ISO Market Settlements FundamentalsLive Streaming Online June 20-21, 2023An EUCI 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 |
Settlements are the accounting methods and processes by which the transfer of power flows between counterparties are documented and value is derived. Their primary function is to ensure all power purchases and sales are correctly reconciled to the terms, agreements and tariffs, and that any discrepancies are properly investigated and disputed. A secondary function of settlements is to provide feedback on the financial implication of power transactions to the Front Office, and to report on the financial performance of transactions to various Back Office departments. This training will present a high-level workflow of RTO/ISO market operations from the beginning to the end. It will focus on generation and load, which together cover 80 percent of market activities. Illustrations from various RTOs will be employed. Course attendees will obtain insights on how to ensure their settlement organizations are wringing out every dollar of compensation to which they are entitled. Learning Outcomes
AgendaTUESDAY, JUNE 20, 2023 9:00 a.m. – 5:15 p.m. Central Time 9:00 – 9:15 a.m. :: Overview & Introductions 9:15 – 10:45 a.m. :: Power Industry & Relationship to Wholesale Power Markets
ISO/RTO Structure & Market Overview
11:00 a.m. 12:45pm :: Market Segments
The Building Block of the Market Settlements – LMP Pricing
12:45 – 1:30 p.m. :: Break for Lunch 1:30 – 3:15 p.m. :: Market Participant Actions
Understanding Settlement Charges
3:15 – 3:30 p.m. :: Afternoon Break 3:30 – 5:00 p.m. :: Charge Scenarios
5:00 pm :: Course Adjourns for the Day WEDNESDAY, JUNE 21, 2023 9:00 a.m. – 12:45 p.m. Central Time 9:00 a.m. – 10:45 a.m. :: Comparing Settlement Charges across Markets
10:45 – 11:30 a.m. :: Morning Break 11:00 a.m. – 1:00 p.m. :: Settlements Strategy
1:00 pm :: Course Adjourns InstructorsHenry Chu, Lead Product Manager, Power Settlements Henry Chu is a senior analyst at Dairyland Power Cooperative, which he joined in 2022. Over his 30-plus year career in the utility/energy industry, he has spent a majority of that time in settlements. Mr. Chu started at BC Hydro and its marketing arm POWEREX. While there, he recovered several million dollars in disputes with CAISO. In 2003, he joined the Midcontinent ISO (MISO) where he worked in various positions, formalizing the market settlement training at the system operator and as well as in support for the integration of four Southern States. Mr. Chu was also Senior RTO/ISO Energy Market Analyst at Entergy, where he spent 6 1/2 years. Before joining Dairyland, he served as Lead Product Manager at Power Settlements, a software and consulting company. Khai Le, Senior Vice President, PCI Energy Solutions Khai Le is Senior Vice President of PCI Energy Solutions, a supplier of power portfolio optimization software for power generation and trading companies. Over the past 42 years, he has conducted over 700 seminars on market-based operations, bidding strategies, portfolio optimization, and shadow settlement for utilities and ISOs worldwide. He is currently working with market participants in CAISO, MISO, SPP, PJM, ISO-NE, and ERCOT to automate their bid-to-bill, portfolio-optimization, ETRM, and BA-operations workflows. Mr. Le has authored more than 100 technical papers on unit commitment, hydro-thermal coordination, emission dispatch, optimization of ancillary services, post analysis, and short-term planning. He received his BS from Harvey Mudd College and his MS from Carnegie Mellon University. Mr. Le is a Fellow of the IEEE.
|