-
Electricity Price Formation and Forecasting
Develop New Business Practices to Ensure Long-Term Viability in a Rapidly Changing Market
23-24 Jul 2019
NBC TOWER | Chicago, IL, United States of America
- Why You Should Attend
-
Electricity Price Formation and Forecasting
The content will cover forecasting prices – with or without sophisticated modeling tools – in the face of new policies, an evolving resource mix and changing market rules. A deion of U.S. locational marginal pricing (LMP) style markets is explained. Going beyond the traditional three-bus LMP example, attendees will learn how the market forms prices, and become familiar with how this knowledge supports decision-making, trading and negotiation. Following a review of LMP formation, real-world situations will be dissected using publicly-available data. Some solved “what-if” examples will illustrate the impact on LMPs of emerging bulk power developments using a simplified market model and the mathematics that solve them.