Participant List
Agenda
Photo Galllery
Tuesday, August 12, 2008
MARKET STRUCTURE DESIGN |
09:00 - 09:05
09:05 - 09:15
09:15 - 09:25
09:25 - 09:30 |
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Welcome Address & Introduction – A.K.D. Sher Md. Khan/USAID - Dhaka
Keynote Address – Denise Rollins/ Mission Director/USAID Dhaka
Inaugural Address - Ministry Official / Govt. of Bangladesh
Introduction to SARI/Energy Program - Michael Ellis/Chief of Party PA Consulting |
10:00 – 10:30 |
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Workshop Overview:
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10:30 – 11:15 |
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11:15 – 11:45 |
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- Privatization of Assets
- What is privatization
- Objectives of privatization
- Issues and complexities
- Examples of countries that privatized their electric power system
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12:00- 12:30 |
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- Preconditions for Electricity Markets
- Size of power system and sufficient number of generation units
- Understanding of electricity fundamentals
- Understanding of markets
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12:30– 13:00 |
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- Overview of Electricity Market Design Elements
- Competitive procurement
- Open access/bilateral wholesale market
- Centralized wholesale market
- Centralized unit commitment vs. no centralized unit commitment
- Nodal vs. zonal prices
- Retail Market
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14:00– 15:30 |
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- Key Issues that Electricity Markets Need to Address
- System operation and reliability
- Congestion
- Transmission expansion
- Demand response
- Market power
- Environmental issues
- Examples of Electricity Markets
- Lessons Learned to Date from Electricity Markets
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15:45 – 17:00 |
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Role of the Regulator in a Competitive Electricity Market:
Characteristics of autonomous regulatory commissions
- Role of State vs. federal regulators
- Status of Retail and Wholesale Competition in the U.S.
- Key Issues: Unbundling, Third Party Access, Market Monitoring
- Role of Regional Organizations of Regulators
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Wednesday, August 13, 2008
ELECTRICITY MARKETS FUTURE TRENDS & CHALLENGES |
9:00 – 11:00 |
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Role of System Operators
I. Real Time Market and System Operations
- Real Time Dispatch
- Managing Constraints and Out of Merit Order Dispatch
II. System Emergency Procedures |
14:00– 15:30 |
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Role of Market Operators
I. Day Ahead Market
- Defining Market Bids and Offers
- Day Ahead Clearing Process
- Commitment of Generators
- Reliability Analysis
- Timeline of Day Ahead Market
- LMP and FTR’s
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15.45 - 17.00 |
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Transmission Planning
I. Reliability Assurance Agreement
II. Transmission Owners Agreement
III. Operating Agreement |
Thursday, August 14, 2008
Spot Markets/Balancing Markets/Trading |
09:00 - 09:45 |
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I. Real Time Market – How it works
II. Balancing Market
- Real Time vs. Day Ahead Position
- Financial Impacts
- Ancillary Services
III. Market Surveillance
a) Need for Market Monitoring
b) Market Monitoring Plan
c) Data and Activities Analyzed by the Market Monitoring Unit |
09:45 - 10:30 |
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- Characteristics of electricity Markets Related to Power Procurement
- Volatile electricity prices
- Emission allowances
- Type of electricity market
- Types of Power Procurement
- Power contracts
- Fixed output
- Unit contract (with and without contingencies)
- System contract
- Fixed vs. variable pricing
- Forward for future contracts
- Fuel price risk
- Congestion risk
- Spot Market
- Trading and risk management
- Forecasting/forward curve
- Risk management and instruments
- Insurance
Trading desks |
10:45 - 13:00 |
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- Economic Characteristics of Contracts
- Long-lived assets
- Sunk
- Value is uncertain
- Contracts by definition bind parties to act in ways that they would prefer not to
- Objects of Well-written Contracts
- Align risk and reward
- Clarity
- Tailored to meet needs of parties
- Elements of a Typical Power Contract
- Contracting Do’s and Don’ts
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14:00– 15:30 |
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Ancillary Services & Operational Planning
- Ancillary Services
- Listing and description of ancillary services
- Operating reserves (ten-minute spinning, ten-minute non-spinning, and thirty-minute reserves)
- Automatic generation control/frequency control
- Blackstart service
- Others
- Purpose of ancillary services
- Procurement of ancillary services (market-based vs. regulated)
II. Unit Commitment and Real-time Dispatch
- Unit Commitment (Security Constrained Unit Commitment)
- Description and examples
- Reasons
- How it forms the basis for the day-ahead market
- Real-time dispatch
- Descriptions and examples
- Reasons
- How it forms the basis for the real-time market
- How the day-ahead and real-time markets work together
- Issues that arise between economics and reliability
III. Generation maintenance scheduling |
