Wholesale Basics

The ERCOT wholesale basics training provides a general overview of the ERCOT zonal market, including market structure, wholesale market operations, data management and the settlement process.

This course is an introduction to wholesale concepts. The target audience for this course is personnel new to the ERCOT market or those desiring a refresher in the basics of the wholesale market.

Completion of this training should provide a basic foundation of the ERCOT wholesale market and prepare attendees for advanced studies on any particular market topic.

Registration Information

This course is not currently open for registration. If you have questions or need more information, please e-mail training@ercot.com or call 512-248-3900. Current course registrants may log in to the Learning Management System  to modify their contact information. To withdraw from this course, contact training@ercot.com.

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Registration Information

Please contact ERCOT Client Relations at 512-248-3900 or training@ercot.com for more information.

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Intended Audience

• Representatives of newly registered ERCOT market participants
• Employees from other market participant organizations who are relatively new to the ERCOT wholesale market
• The public, subject to space availability

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Prerequisite Knowledge

Attendees should be familiar with ERCOT protocols and operating guides.

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Course Schedule

Next Session:

March 3-4, 2009

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Course Description

Market Overview

• Key Legislation and Market Structure
• Stakeholder Process
• Roles of ERCOT and Market Participants

Wholesale Market Operations

• Qualified Scheduling Entity
• Wholesale Market Process & Timeline
• Ancillary Services: Description, Procurement and Deployment
• Congestion Management

Settlement and Billing

• Purpose, Role and Process of Settlements; Settlement Timeline
• Settlement of Ancillary Services and Congestion
• Settlement Statement and Invoice
• Dispute Process

Data Processing

• Data Acquisition
• Load Profiling
• Data Aggregation