Course Catalog

This course provides a comprehensive overview of Congestion Revenue Rights (CRRs), financial instruments that can be used to hedge against congestion costs in the ERCOT Nodal Market..

This course provides a comprehensive overview of the financial credit management process for companies participating in the ERCOT Nodal Market. While the topic of market credit is included in other ERCOT courses, it is generally limited to credit consumption in market processes. The Credit Management course focuses on establishing and maintaining creditworthiness for companies who are registered as QSEs and CRR Account Holders.

Intermittent Renewable Resources, or IRRs, have unique operational characteristics that set them apart from all other types of Resources. This course highlights these unique characteristics and examines the special provisions built into the ERCOT market design to accommodate IRRs. 

The overall goal is to inform IRR owners/operators of what is expected of them, and how they impact ERCOT’s Market and System Operations.

This course provides an overview of the ERCOT Nodal Market from the perspective of Load Serving Entities (LSEs), including Retail Electric Providers, Municipally-Owned Utilities and Electric Cooperatives. LSE 201 focuses on the tools available to LSEs to manage their cost exposure in the ERCOT Nodal Market.

This course provides a comprehensive overview of financial settlements with QSEs and CRR Account Holders in the ERCOT Nodal Market. Settlements 301 focuses on the charges and payments associated with Congestion Revenue Rights, the Day-Ahead Market, Reliability Unit Commitment and Real-Time Operations. 

This course is available to all Market Participants and ERCOT employees.

Nodal 101 is an introduction to the ERCOT nodal market. The course explores the primary market components of the Day-Ahead Market, Real-time Operations, and Congestion Revenue Rights (CRRs). This course is recommended as a prerequisite before taking more advanced courses offered by ERCOT market training.

Resource 301 expands upon Wholesale Markets 201 by exploring in greater detail the operation of Generation and Load Resources in the ERCOT Markets.

Market Participants involved in ERCOT's Competitive Retail Market should possess a broad knowledge of the environment in which they operate and the daily processes involved.  As new Market Participants enter ERCOT and personnel move to new roles within Market Participant companies, thorough training on the Retail Market is critical to the continued success of the Market.  This course, available on a regular basis, provides a high level overview of ERCOT's Competitive Retail Market.  

Class time is as follows:
9:00 a.m. - 4:30 p.m

Wholesale Markets 101 is an introduction to the ERCOT market. The course explores the primary market components of the Day-Ahead Market, Real-time Operations, and Congestion Revenue Rights (CRRs). This course is recommended as a prerequisite before taking more advanced courses offered by ERCOT market training.

Before arriving for this course, please ensure you have completed the pre-requisites, ERCOT Foundations, Market Participant Relationships, and Locational Marginal Pricing.

Wholesale Markets 201 is a comprehensive study of ERCOT Wholesale Market Operations. This three-day course explores the operational and financial requirements of the Day-Ahead Market, Reliability Unit Commitment and Real-Time Market processes. Numerous scenarios and examples will help the learner to visualize the relationship between market operations and system operations in the ERCOT market design.

This course is the web-based version of the instructor-lead Congestion Revenue Rights course. It introduces the market concepts for Congestion Revenue Rights in the ERCOT Nodal Market and the allocation, auctioning, and settlement of congestion revenue rights (CRRs).

This course is the web-based version of the instructor-led Credit management course. It provides a comprehensive overview of the financial credit management process for companies participating in the ERCOT Nodal Market. The Credit Management course focuses on establishing and maintaining creditworthiness for companies who are registered as QSE's and CRR Account Holders.                               

This is the Congestion Revenue Rights Market User Inferface (CRR MUI) application training module.

This web-based training course addresses the steps ERCOT takes before and during emergency operations. First, the course introduces Physical Responsive Capability (PRC) and demonstrates how it triggers various actions from ERCOT. The course also defines the four types of emergency communications used by ERCOT, including Operating Condition Notices, Advisories, Watches and Emergency Notices. Finally, the course introduces the Energy Emergency Alert, which is ERCOT’s procedure for operating under short supply conditions.

ERCOT Foundations is a web-based course for anyone new to the field of interconnected utilities and Independent System Operators. This course briefly covers the fundamentals of electricity, the history of electric utilities and the progression of Texas to a competitive electric market. The driving legislation and the governance of ERCOT is discussed as well as the basic makeup and functioning of ERCOT and the electric market.

Explores the fundamentals of the Inadvertent Gain process and provides a forum for facilitated discussion between market participants.

Intermittent Renewable Resources, or IRRs, have unique operational characteristics that set them apart from all other types of Resources. This course highlights these unique characteristics and examines the special provisions built into the ERCOT market design to accommodate IRRs. 

The overall goal is to inform IRR owners/operators of what is expected of them, and how they impact ERCOT’s Market and System Operations.

This course explores the fundamentals of ERCOT data extracts, which are used by market participants for operational analysis.

This web-based course provides an overview of the ERCOT Nodal Market from the perspective of Load Serving Entities (LSEs), including Retail Electric Providers, Municipally Owned Utilities and Electric Cooperatives. LSE 201 focuses on the tools available to LSEs to manage their cost exposure in the ERCOT Nodal Market.

This web-based only course provides an entry-level understanding of the concept of Locational Marginal Prices that are at the core of ERCOT price formation. This course is a pre-requisite for several follow-on courses.

The Market Information System (MIS) training module introduces the web-based user interface established as the single-source for all ERCOT-published Market information related to system operations, market operations, and financial settlement and as the gateway through which Market Participants access the applications used in their interactions with ERCOT during the operation of the nodal market.

This online training for the Market Manager blends a combination of written, audio, and interactive material, organized to assist you in understanding, learning, and reviewing the concepts and tasks regarding the use of the Market Manager user interface. 

This web-based only course is for anyone seeking information about the participants in the ERCOT market. This short course briefly describes all of the participants in the market and their basic responsibilities, providing the learner an essential  understanding of roles of each of the Market Participants. This course is a pre-requisite for several follow-on courses.

MarkeTrak is a web based application used to track, manage and store data utilized by ERCOT and Market Participants.  It is the tool used to track issue management and data discrepancies in the ERCOT retail market.

Nodal 101 is a web-based course introducing the ERCOT nodal market. The course explores the primary market components of the Day-Ahead Market, Real-time Operations, and Congestion Revenue Rights (CRRs). This course is recommended as a prerequisite before taking more advanced courses offered by ERCOT market training.

On March 1, 2019 ERCOT updated the Operating Reserve Demand Curve (ORDC). This creates a Real-time Price Adder to reflect the value of the available reserves in real time. It reflects the Value of Lost Load (VOLL) based on the probability that load would have to be shed.

This 30 minute web based training examines how ORDC impacts ERCOT market participants.

This course is a web-based training introduction for QSE and TDSP users to the Outage Scheduler interface. The course is designed for Market Participants involved in owning and operating transmission equipment and Resources.

Resource 301 expands upon Wholesale Markets 201 by exploring in greater detail the operation of Generation and Load Resources in the ERCOT Markets.

Since the implementation of NPRR348 (Generation Resource Start-Up and Shut-Down Processes) there has been some confusion about how the new STARTUP and SHUTDOWN status indicators should be used. This course is intended to alleviate the confusion about the expected use of these two status indicators for operating Generation Resources in ERCOT.

This course is the web-based version of the Retail 101 instructor-led course. The course is designed for Market Participants involved in the ERCOT Competitive Retail Market whether new to the market or new roles within Competitive Retailers, Transmission and Distribution Service Providers and PUCT staff.

The course covers the following topics:
Market History
Roles and Responsibilities
Market Rules
Retail Transactions
Impact of Smart Meter Technology
Data Transparency and Availability

Wholesale Markets 201 is a comprehensive study of ERCOT Wholesale Market Operations. This web based training explores the operational and financial requirements of the Day-Ahead Market, Reliability Unit Commitment and Real-Time Market processes. Numerous scenarios and examples will help the learner to visualize the relationship between market operations and system operations in the ERCOT market design.

Please note: Wholesale Markets 201 is a refocused version of a course previously known as the Basic Training Program.

The 2018 ERCOT Operator Training Seminar is a presentation-based 18-hour training course focused on providing training for TOPs and Generation Operators/QSEs focused on working together to ensure reliability.  Upon completion of the Seminar, the participants will be able to understand the objectives presented and pass the online exam.

Training begins with an optional ten-hour introductory course, replacing Basic System Restoration Principles, and it targeted toward new System Operators and System Operators new to ERCOT. The course focuses on ERCOT’s system restoration strategy, basic system restoration principles, and generator & transmission dynamics. It is recommended for System Operators with less than five years of total experience or two years of System Operations in ERCOT.

This workshop is intended for credit and/or settlement representatives of ERCOT CRR Account Holders (CRRAHs) and Qualified Scheduling Entities (QSEs) wanting a general knowledge of the changes to the current credit calculations based on the implementation of NPRRs 683, 743, 760, and 800. The course is open to the public as well, subject to space availability.

This course is designed to provide an overview of ERCOT-polled settlement (EPS) meter inspector responsibilities.

The Verifiable Cost Workshop will provide a high-level overview of the key components of the Verifiable Cost process in the Nodal market.