Energy Markets: STEM, Balancing and LFAS

The course provides an in-depth introduction to the Wholesale Electricity Market (WEM) in Western Australia (WA) and its price-setting mechanisms. Attendees are expected to have a prior knowledge of the WEM or have participated in the WEM Introduction course.

Course content:
  • 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.
Learning outcomes:

Attendees will gain an in-depth introduction to the WEM in Western Australia (WA) and its price-setting mechanisms.

Course dates:
Date Time Location Status

12 February 2020

9.00am – 3.00pm (AWST)

Perth

Open for enrolments

 18 March 2020

9.00am – 3.00pm (AWST)

Perth

Open for enrolments

 22 April 2020

9.00am – 3.00pm (AWST)

Perth

Open for enrolments

 20 May 2020

9.00am – 3.00pm (AWST)

Perth

Open for enrolments

 17 June 2020

9.00am – 3.00pm (AWST)

Perth

Open for enrolments

Cost
  • The course is free to WEM participants.
  • Non-WEM participants: $150 (plus GST) per person.
How to enrol
  • Visit the AEMO Learning Academy.
  • Click on the catalogue button to view courses.
  • Add the education course to the Cart.
  • Create an individual log in.

You will also be able to access the AEMO e-learning and education catalogues.

For bulk enrolments (10 attendees or more), please contact wa@aemo.com.au.

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