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Ancillary Services (A/S) Fundamentals & Market Design 2019

Mon, March 18 - Tue, March 19, 2019 Charleston, South Carolina
Charleston Marriott 170 Lockwood Boulevard Charleston, South Carolina 29403 United States +1 843-723-3000

About Ancillary Services (A/S) Fundamentals & Market Design 2019

ANCILLARY SERVICES (A/S) FUNDAMENTALS & MARKET DESIGN, CHARLESTON, MARCH 18-19, 2019

The emergence of renewable and variable energy resources has drawn attention to the supplemental services — beyond the basics of energy, generating capacity, and power delivery — that utilities, balancing areas and bulk-power systems require to ensure grid stability.  Some of these ancillary services(A/S), such as regulation and reactive power, are required during normal operations to maintain the necessary balance between generation and load in real-time and voltages within the required ranges.  Other ancillary services, such as contingency reserves, provide insurance to prevent minor problems from becoming full-scale catastrophes, or to restore the bulk-power system to normal operations after a major outage occurs.

This course will explain the functions performed by each ancillary service with a focus on the real-power services.  It will also provide a comparison of A/S products across the various North American independent system operators (ISOs).  Attendees will leave this program with a clear understanding of what functions these services provide, why they are important and their cost components. It will also prepare attendees to understand how these functions relate to available market participant bidding opportunities,with special emphasis on these three elements of market design:

  1. Co-optimization in the scheduling and dispatch of energy and ancillary services
  2. The theory and practice of reserve and regulation shortage pricing
  3. Market design approaches to scheduling and pricing ramp capability

AGENDA

  • Identify the different types of ancillary services (A/S) and their functions
  • Assess the reliability performance requirements of specific A/S
  • Examine and compare A/S services, nomenclature and functions across ISOs
  • Analyze distinctions between normal and contingency conditions, and how they relate to other A/S
  • Evaluate the different sources of A/S
  • Discuss how the role and importance of A/S is likely to evolve as storage, renewable energy and other variable energy resources attain higher penetration
  • Assess the reasons co-optimization of energy and ancillary services is becoming a standard feature of wholesale power markets and how co-optimization functions
  • Examine the relationship between ramp constraints, regulation shortage prices, price variability, and the returns to being on dispatch
  • Analyze and understand how the development of demand ancillary services is related to the level of price caps and the introduction of meaningful shortage pricing

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