July 27, 2023
Maximizing Value of Energy Storage Resources in CAISO Market
Course Topics
Over the next 5-10 years, California will see a rapid growth of Energy Storage Resources (ESR) due to FERC Order 841 and Investment Tax Credits. This workshop will cover:
Experience with bidding ESRs in CAISO market
o Understanding Operating
Characteristics of ESR
o Reviewing CAISO Day-Ahead and
Real-Time Bidding Workflow
o Reviewing CAISO Market Statistics
for ESR
o Bid-to-Bill Timeline & Challenges for ESR
Strategies for Bidding Energy & Ancillary Services for
ESR in CAISO Market
o Formulating 3-part Energy Offers
for ESR
o Should ESRs be Offered in
Day-Ahead Market or Self-Scheduled in Real-Time Market?
o Formulating A/S Offers for ESR
o Understanding Lost Opportunity
Costs
o Using Co-Optimization to Validate
DA Energy & A/S Awards & Prices for ESR
o Computing ESR Revenues, Costs,
and P&L for Providing Energy and Ancillary Services
o Using Profit & Loss Metrics to Provide Feedback to Traders on Effectiveness of Day-Ahead and Real-Time Bidding Strategies for ESR
Validating market settlements for ESRs in CAISO market
o Submitting meter data for ESRs
o Understanding Key settlement
charge codes for ESRs
o
Do ESRs qualify for make-whole payments?
o
What Are the Most Common Causes for
Settlement Disputes for ESR?
Who Should Attend?
- Front-Office
personnel who would like to maximize profits for
their Electric Storage Resources (ESR) in the CAISO MRTU Market
- Back-office
employees who need to understand the settlement rules for their Electric
Storage Resources (ESR) in the CAISO MRTU Market
- ESR
Power-plant managers who would like to understand the impact of settlement
on their plant profitability
- IT
personnel who need to build the IT infrastructure to support the
bid-to-bill workflow for ESR
- Employees
of ISO/RTOs, attorneys, and regulators who need to understand market rules
for ESR
Registration Info
Provider: PCI Energy Solutions
Date: July 27, 2023
Time: 8:30 am - 5:00 pm
Length: 1 day
Platform: In-Person
Capacity: minimum of 10 attendees: maximum of 30 attendees
Estimated Enrollment Fee
SCPPA MEMBER RATE (per attendee)
$360 - $1,030
(NOTE: the actual cost will be based on the final number of attendees and billed directly to the respective utilities. SCPPA Members do not need to make any payments online.)
SCPPA PRIVATE NON MEMBER RATE (per attendee)
$510 - $1,180
(NOTE: the actual cost will be based on the final number of attendees and billed directly to the government agency.)
Questions? (626) 793-9364 ext. 212 |