Load Serving Entity 201

Load Serving Entity 201, a one day course, familiarizes Load Serving Entities (LSEs) with the wholesale costs of serving load in the ERCOT nodal market. The objective of this course is to define these costs, introduce several tools available for managing these costs, and then practice using the tools in various scenarios.

The course begins with a review of the overall nodal market structure, including the roles of various Market Participants and the often complex relationships between them.

Next, the course explores the factors influencing locational marginal prices (LMPs) and the resulting Settlement Point Prices.  This section builds upon knowledge gleaned from the Nodal 101 prerequisite course and pushes deeper into the nature of price separation between Settlement Points when ERCOT experiences transmission congestion.

The next section introduces the wholesale market costs of serving load, including costs for Energy, Capacity, Congestion and Ancillary Services. The course explores how the various costs are realized and then introduces the following tools available in the Nodal Market design to hedge or manage these costs:

  • Bilateral Trades – Includes energy trades, capacity trades,  and ancillary services trades
  • Day-Ahead Market – Includes Bids to buy Energy and PTP Obligations
  • Congestion Revenue Rights (CRRs) -- Examines the basic types of CRRs and how CRRs are acquired.

The remainder of the course is scenario-based and focuses on using these tools to hedge the wholesale market costs of serving load.  This portion includes both instructor-facilitated scenarios and team-based exercises to explore various combinations of these tools.

Prerequisites: ERCOT Nodal 101

Note: Attendees are required to take the above prerequisite course. The Load Serving Entity 201 course will be taught assuming that the student possesses a thorough understanding of the information covered in the prerequisite courses listed above prior to attending.

Class time is as follows:
8:30 a.m. - 5 p.m.

This course is designed to provide key market information for all LSEs including REPs, load aggregators, cooperatives, and municipalities. Personnel from REPs, load aggregators, and utility departments including executives, directors, managers, schedulers, coordinators, traders, planning engineers, operations engineers, EMS - AGC engineers, engineering technicians, IT support staff, accountants, and others will gain valuable insight into the business functions of operating a LSE in the Texas nodal market.

Course Schedule

Start Date Duration Location Delivery Registration
Thu Sep 11 1 day Ambit Energy Instructor led Enroll OnlineNew browser window will be launched

Prerequisites: ERCOT Nodal 101

Note: Attendees are required to take the above prerequisite course. The Load Serving Entity 201 course will be taught assuming that the student possesses a thorough understanding of the information covered in the prerequisite courses listed above prior to attending.

Class time is as follows:
8:30 a.m. - 5 p.m.

 

Please check back frequently for updated course schedules. 

Download Texas Nodal Program training class materials and presentations in PDF format. As new classes are offered, key materials will be posted here.

Course materials for instructor-led courses will be provided in hardcopy on the day of the class.


Load Serving Entities 201
(02.07.13, pdf, 16.4 MB)