This comprehensive course provides participants with a deep understanding of the critical factors involved in gas procurement for power plants and the associated risks and tradeoffs. Through a combination of theoretical knowledge and practical examples, attendees will gain valuable insights into the decision-making process and learn how to optimize gas purchasing strategies while considering the impact on power generation operations.
List of Important Topics:
- Gas procurement decision making for municipal power plants
- Cost calculations and market purchases for efficient power generation
- Factors influencing dispatch costs: heat rates, NG $/MMBtu + delivery charges, O&M, emissions $ adder, market power price $/MWh
- SoCal Gas system setup: pipes, storage, and interpreting storage inventory
- Gas scheduling and balancing within SoCal Gas
- High and low operations flow orders: understanding, tolerance, penalties, and compliance requirements
- Fundamentals of gas trading: locations, ICE Trading vs. Bilateral, typical trading days/schedule
- Delivery points: Citygate vs. SoCal Border and their relevance to municipal operations
- Forward curves and daily price services: Natural Gas Intelligence, ICE, S&P Global Platts
- Gas contracts: essential terminology and terms and conditions
- Hedging power positions with gas: evaluating pros and cons for municipalities
- Impact of US LNG exports on the Southern California natural gas market
Staff involved in procuring natural gas for power plants, scheduling transportation and interacting with gas marketers and the SoCal Gas BTS pipeline system. Anyone who needs a better understanding of the risks involved in the above processes and factors affecting the Southern California natural gas market.
(626) 793-9364 ext. 212