North American Power Markets (ON-DEMAND) - NAPM
Course Summary
North American Power Markets is an online training course that describes the electric power industry origins, early technical and structural development, outlines key milestones leading to the development of a monopoly structure, how this structure shifted towards greater competition and the development of a competitive marketplace. Key regional hubs and associated physical and financial trading practices are outlined; some technical developments with Smart Grid are described, bringing the grid into the 21st Century technologically.
Course Content
You will learn to:
- Identify the historical origins of the US and Canadian power markets
- Recognize the regulated monopoly utility model that prevailed until the 1970s
- Point out key legislative, policy and regulatory initiatives which shaped the power industry
- Choose the drivers for the creation of competitive markets
- Identify the main types of generation in North American power industry
- Identify how the transmission system developed and how the interconnected grid in North America functions
- Point out the differences between ISO and non-ISO market areas
- Identify the main components of an ISO market, including day-ahead and real-time energy markets, capacity markets and ancillary services markets
- Recognize North America’s nine ISO and three non-ISO markets and their main characteristics
- Identify the key characteristics of physical and financial forward electricity trades
- Point out the differences between bilateral and exchange traded instruments
- Identify some of the key pricing locations used in North American electricity trading
Practice exercises and self-assessment quizzes are included to help reinforce key topics introduced throughout the course.
A comprehensive final test will be given at the end of the course.
