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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.

Key Topics

  • Impact of market rule changes
  • Locational Marginal Prices
  • Electricity Supply, Demand and Transmission Market Basics
  • Developing a Realistic Dispatch on a Simple Network
  • Input Data for Fundamental Modeling
  • Previous Attendees Include

    Austin Energy
    Baltimore Gas & Electric
    Black Hills Energy
    CPS Energy
    Direct Energy
    DTE Energy
    Enbridge Gas Distribution
    Entergy Texas
    First Choice Power
    Garland Power & Light
    Georgia Power
    Memphis Light Gas & Water
    National Grid
    Nicor National
    Peco Energy
    Philadelphia Gas Works
    Salt River Project
    Southern California Gas Company

    Why Choose marcus evans?

    marcus evans specialises in the research and development of strategic events for senior business executives. From our international network of 63 offices, marcus evans produces over 1000 event days a year on strategic issues in corporate finance, telecommunications, technology, health, transportation, capital markets, human resources and business improvement.

    Above all, marcus evans provides clients with business information and knowledge which enables them to sustain a valuable competitive advantage and makes a positive contribution to their success.

    Practical Insights From

    Nicholas Pratley
    with 30 years of experience in power systems engineering and analysis, including 13 years simulating wholesale power markets in the U.S. Canada and Europe. He has been analyzing short-term and long-term behavior of wholesale electricity markets includes nodal LMP in the United States, and zonal in Canada and Scandinavia. Transmission owners, municipal utilities, electric co-ops, generation developers and power traders are among his clients. He currently supports the development and financing of wholesale wind, solar and other renewable energy generation facilities at EDF Renewable Energy. Previously, Nicholas has worked as an electrical power engineering consultant, specializing in power system analysis and design for EHV transmission, HVDC transmission, and MV and LV distribution design for heavy industry. He has evaluated economic opportunities for transmission and generation development. He has also supported independent utilities in decisions to join organized electricity markets.

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    Event Contact

    For all enquiries regarding speaking, sponsoring and attending this conference contact:

    Emily Jones

    marcusevans, The NBC Tower
    455 N. Cityfront Plaza Dr.
    Chicago, IL 60611

    312.540.3000 x6714
    Fax: 312.894.6304