Overview of the North American Electric Power Industry - ET 

CPE Credits Awarded: 8
Categories: The Power Industry

Course Date Duration Venue Price Registration Deadline Register
13 May 2020 1 Day Houston, TX Country: us
$ (USD) 1,170.00
10 Apr 2020
04 Nov 2020 1 Day Calgary, Canada Country: ca
$ (USD) 1,170.00+5%GST
2 Oct 2020


Deregulation of the electricity marketplace continues to be a controversial topic. During this period of historic and rapid change, there is much to learn. Let this programme be your first step. This one-day event is a combination of presentation and trading simulations.

Includes Online Pre-study Module

This course is accompanied by a preparatory course available online. Delegates will receive a web voucher as part of their joining instructions upon confirmation of registration. By taking advantage of this "blended" learning approach, in-class time and learning are optimized.


Those just starting up or supporting a power trading desk will benefit immensely. We will cover what is of interest to electric utilities, power marketers, IPPs, financial institutions, brokers, and end-users. No previous trading experience is required!



  • What is electricity?
    • Definition
    • How power differs from other commodities
    • Measurements
  • Load
    • Definition
    • Load shape & load profile
    • Load factor
  • Grid
  • Regulation / Deregulation
    • How and why the industry was regulated
    • Why and how deregulation developed
    • State of deregulation today


  • Electricity as a commodity
    • How it is delivered
    • Implications of the lack of storage
  • Qualities:  firm, interruptible, peak, off peak
  • Trading time blocks
    • Next hour
    • Next day
    • Weekly block
    • Balance of the month
    • Monthly block
    • Seasonal block
    • Calendar block
  • Unbundling Power
    • Heat rate
    • Implied heat rate
  • Short term price drivers:  weather, outages


  • Participants
    • Suppliers
      • Investor owned Utilities
      • Publicly owned Utilities and Nonprofits
      • Power Marketers
      • Independent Power Producers
      • Retail Providers
      • Schedulers
  • Consumers
    • Large end users
    • Small end users
    • Consumption statistics
      • Sales
      • Prices / costs


  • Basic concepts and terms
  • Thermal efficiency
  • Resources
    • Review of the cost stack
    • Overview of generation resources (water, wind, solar, and various fossil fuels)
    • Overview of various generation technologies (including technology and cost to operate and build):
      • Hydro
      • Nuclear
      • Coal
      • Natural Gas
        • Combined cycle
        • Simple cycle
      • Renewables
        • Wind
        • Solar


  • Components of the transmission system
  • Control areas
  • Control area operators
  • Regional Transmission Organizations (RTOs)
  • Ancillary Services
  • Smart Grid

Market Structure

  • NERC regions
  • Bilateral vs. pool
  • Power pools – Independent System Operators (ISOs)
  • ISO unit commitment
  • Locational Marginal Pricing (LMP)
  • Valuing congestion
  • Congestion insurance (e.g., FTRs, CRRs)

Review of Regional Markets

  • Characteristics
    • Market structure
    • Transmission characteristics
    • Generation characteristics
    • Evolving resource mixes
    • Seasonal patterns
  • ISO-NE
  • PJM
  • SERC

Market Pricing and Risk Management

  • Indexes
  • Hedging
  • Power Swaps
  • Spark Spreads

Team-based Trading Simulations

  • Next-hour spot market trading
  • ISO bidding simulation

Some topics covered in this workshop are specific to either the American or Canadian market and will be adjusted as necessary.


“Very good bird’s eye view of the power industry basics.” H.R., NRG Energy

UK: (+44) 1865 250521   |   USA: (+1) 713 343 1699   |   Singapore: (+65) 6809 1170


Email us at info@mennta.com

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Mennta Energy Solutions (formerly The Oxford Princeton Programme, Inc.) is not affiliated with Princeton University, Oxford University, or Oxford University Press.