Wholesale Electricity Market (WEM) courses on the east coast
In this section
In this section
- National Electricity Market Overview - industry
- National Electricity Market Overview - public
- Metrology for the NEM
- Network and Frequency Control Ancillary Service constraints in the NEM overview
- An overview of AEMO’s gas markets
- Wholesale Electricity Market (WEM) courses on the east coast
- Wholesale Electricity Market introduction
- Reserve Capacity Mechanism
- Understanding Market Settlement and Transfer Solution (MSATS)
- Energy Markets: STEM, Balancing and LFAS
Course: Wholesale Electricity Market Introduction (including additional detail on the Reserve Capacity Mechanism)
This course provides a high level overview of the Wholesale Electricity Market (WEM) and its mechanisms. In addition, this course will provide additional information on key elements of the Reserve Capacity Mechanism, which is a unique feature of the WEM. No prior knowledge of the WEM is necessary to attend this course.
- Basic introduction to the WA electricity sector.
- Overview of the South West interconnected System.
- Explanation of the market mechanisms. Overview of Market Participants.
- Introduction to the WA Wholesale Electricity Market Rules.
- Reserve Capacity Mechanism.
- The concept of Capacity Credits.
- The certification process through which certified facilities can get paid to offer capacity into the market.
- Obligations certified facilities must meet to receive capacity payments.
- The consequences of a facility failing to meet its reserve capacity obligations.
- The different cost allocations captured through the Individual Reserve Capacity Requirement mechanism.
- Overview of the Energy Markets
City Date Time Availability Melbourne 2 October 2017 9.00am - 1.00pm Places Available Sydney 4 October 2017 9.00am - 1.00pm Places Available Brisbane 6 October 2017 9.00am - 1.00pm Places Available
Course: Energy Markets: STEM, Balancing and LFAS
This course provides an in-depth overview of the WEM’s energy markets and price-setting mechanisms. Attendees are expected to have a prior knowledge of the WEM or have participated in the WEM Introduction course.
- The basics of the following market mechanisms in the WEM:
- The balancing market.
- The Load Following Ancillary Services (LFAS) market.
- Bilateral submissions.
- The Short Term Energy Market (STEM).
- The inter-relationship between the physical and financial aspects of the WEM.
- How the balancing market determines dispatch of generation in the SWIS.
- How prices are determined in the STEM, balancing market, and LFAS Market, and how they are applied in settlements.
- How out of merit generation is determined and compensated.
- The basics of how a participant’s prudential requirements are determined and monitored.
- An outline of STEM and Non-STEM settlement processes
City Date Time Availability Melbourne 2 October 2017 1.30pm - 4.30pm Places Available Sydney 4 October 2017 1.30pm - 4.30pm Places Available Brisbane 6 October 2017 1.30pm - 4.30pm Places Available
Cost:East coast courses are $165, including GST for all market participants.
How to enrol:
- Visit the AEMO Learning Centre.
- Create an individual log in.