Course Catalog

Congestion Revenue Rights, an eight-hour one-day course, introduces the attendee to terminology used in the auctioning and scheduling of congestion revenue rights (CRRs) in the ERCOT markets. 

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.          

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 training offers a closer look at the more common MarkeTrak subtypes used for issue resolution in the retail market. MarkeTrak is the web-based database application used to track and manage ERCOT Retail Market data discrepancies. Part I will explore general navigation, administration, reporting, and bulk insert functionality along with several more common subtypes such as Usage & Billing, Missing Enrollment Transactions, and additional Day to Day subtypes.

This training takes a deep dive into two of the most common MarkeTrak subtypes used for issue resolution in the retail market - exploring the fundamentals of the Switch Hold Removal process and the Inadvertent Gain/Loss/Rescission (IAS) processes providing a forum for facilitated discussion of these issues, best practices, and a review of the IAS market reporting. MarkeTrak is the web-based database application used to track and manage ERCOT Retail Market data discrepancies.

Resources and Day-Ahead Operations – this class explores in greater detail the operation of Resources in the Day-Ahead Market. This course covers the Day-Ahead topics that were previously covered in the Resources 301 course.

Resources and Real-Time Operations – this class explores in greater detail the operation of Resources in the Real-Time Market. This course covers the Real-Time topics that were were previously covered in the Resources 301 course.

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.  

This course provides a comprehensive overview of financial settlements related to Ancillary Services transactions.

This course provides a comprehensive overview of financial settlements related to Congestion Revenue Right transactions.

This course provides a comprehensive overview of financial settlements related to Energy transactions and Day-Ahead Market Point-to-Point Obligation transactions.

This class is designed to provide a basic understanding of TxSET and the retail market processes driving the standard electronic transactions.

This course explores the operational and financial requirements of the Day-Ahead Market and Reliability Unit Commitment processes. This course covers the Day-Ahead Operation sections that were previously covered in Wholesale Markets 201.

This course explores the operational and financial requirements of the Real-Time Market processes. This course covers the Real-Time Operations sections that were previously covered in Wholesale Markets 201.

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.

This course introduces the learner to the Ancillary Services products utilized by ERCOT on a daily basis. The course is designed around answering some of the most basic questions about Ancillary Services, including the definitions, how they are procured and how Ancillary Services are deployed .

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

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. 

ERCOT uses eFactors to calculate a company’s credit exposure for bids and offers in the Day-Ahead Market. This course provides an in-depth review of how eFactors are calculated and how they impact Day-Ahead Market Credit exposures.

ERCOT the ISO is for anyone new to the field of interconnected utilities and Independent System Operators. This course introduces the learner to ERCOT’s functions as the Independent System Operator for the ERCOT grid.  The following topics are included: The basics of electricity production and delivery The de-regulated landscape of the ERCOT interconnection The basic responsibilities of ERCOT as the Independent System Operator

ERCOT the Market is for anyone new to the field of interconnected utilities and Independent System Operators. This course introduces the learner to ERCOT’s role in facilitating Wholesale Electrical Markets.  The following topics are included: The goals of Wholesale Market Operations The specific Markets facilitated by ERCOT Operating Reserves and how they are provided The players involved in the ERCOT Markets Introduction to Wholesale Market Settlement

ERCOT the Retail Transaction Clearinghouse is for anyone new to the field of interconnected utilities and Independent System Operators. This course introduces the learner to ERCOT’s role in facilitating the competitive Retail Electrical Market in Texas.  The following topics are included: Retail Competition in ERCOT Areas with Customer Choice Players in the ERCOT Retail Markets ERCOT’s role in facilitating Customer Choice

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. 

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 the market of what is expected of IRR owners/operators, and how these Resources 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. 

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.

This web-based course is designed for participants in the ERCOT Competitive Retail Market seeking information on the Mass Transition process that occurs when a Competitive Retailer defaults or exits the market abruptly. This course is primarily of interest to Competitive Retailers and Transmission and Distribution Service Providers.

On March 1, 2019 and March 1, 2020, 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 course is a web-based training introduction for QSE and TDSP users to the Outage Scheduler interface. 

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 provides an overview of the responsibilities for operating Resources in ERCOT.

This course provides an overview of Resource facilities that may be registered with 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.

This brief Web-based Training provides an introduction to the Settlements Process in ERCOT. This course is intended as a pre-requisite for the following Instructor-led courses: Settlement: Energy and PTP Obligations Settlement: Ancillary Services Settlement: Congestion Revenue Rights It is strongly recommended that you complete this Web-based Training shortly before attending either one of these Instructor-led courses.

This class is designed to provide a basic understanding of TxSET and the retail market processes driving the standard electronic transactions.

Wholesale Markets 101 is a web-based course introducing the ERCOT wholesale 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.

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.

This brief Web-based Training provides an introduction to Wholesale Market Operations in ERCOT.

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.