Participant List: (Excel) or (PDF)
Agenda
Photo Gallery
Monday, August 18, 2008
SETTING THE STAGE |
09:30 - 09:35
09:35 - 09:45
09:45 - 09:55
09:55 - 10:00 |
: |
Welcome Address – Mr. S. Padmanaban / Regional Program Director/ USAID SARI/Energy
Inaugural Address – Mr. Ranjith Gunawardane, Additional General Manager, Ceylon Electricity
Board
Opening Remarks- Prof. Ranjit Perera, Director General, Public Utilities Commission
Introduction to SARI/Energy Program - Michael Ellis/ Chief of Party -PA Consulting |
MARKET STRUCTURE DESIGN |
10:00 - 10:30 |
: |
Workshop Overview:
|
10:30 - 11:15 |
: |
- Objectives of Electricity Markets
- Economic efficiency
- Economic development
- Reliability
- Environmental objectives
|
11:15 - 11:45 |
: |
- Privatization of Assets
- What is privatization
- Objectives of privatization
- Issues and complexities
- Examples of countries that privatized their electric power system
|
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
|
14:00 - 15:30 |
: |
- 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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Tuesday, August 19, 2008
Wednesday, August 20, 2008
SPOT MARKETS/BALANCING MARKETS/TRADING |
09:00 - 09:45 |
: |
I. Real Time Market – How it works
II. Balancing Market
- Real Time vs. Day Ahead Position
- Financial Impacts
- Ancillary Services
III. Market Surveillance
- Need for Market Monitoring
- Market Monitoring Plan
- Data and Activities Analyzed by the Market
Monitoring Unit
|
09:45 - 10:30 |
: |
- 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 - 1:00 |
: |
- 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
|
14:00 - 15:30 |
: |
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 |
17:00 - 1730 |
: |
Closing Session and Graduation |
Friday, August 22, 2008
OVERVIEW OF THE INDIAN ELECTRICITY MARKET |
09:00 - 09:30 |
: |
- Overview of the Indian Electricity Market – Mr. Shri Ravinder, Chief (Engg), Central Electricity Regulatory Commission
- Rules to enter market
- Structure and key players of the electricity market
- Current status and future plans – the Future Indian Electricity Exchange
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09:30 – 10:15
10:15 – 11:30 |
: |
- Role of the Regulator – Mr. Shri Ravinder, Chief (Engg), Central Electricity Regulatory Commission
- Open access regulation
- Recent tariff and market orders
- Availability Based Tariff (ABT) Overview of Guiding Principles – Mr. Shri Ravinder, Chief (Engg), Central Electricity Regulatory Commission
- What is Availability Tariff
- How do the beneficiaries share the payments
- How does the mechanism work
- Why was Availability Tariff necessary
- How does it benefit everyone
- U.I. Rate vs. System Marginal Cost
- Incentives for helping the grid
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11:45 – 12:45 |
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13:45 – 14:45 |
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14:45 – 15:30 |
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- Role of the Indian Power Trader - Mr. Shiv Shankar Sharma, Executive Vice President, PTC India Ltd.
- The trader’s perspective on ABT
- Intraregional energy exchange
- Level of trading in India
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15:45 - 17:00 |
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