“This course is exactly what I was looking for to better understand price formation and dispatch in the electricity market. The speaker is the only industry expert who addresses this topic in such complete detail.”
Associate, EDF Renewables
June 26 - 27, 2025 Online :: Central Time
“This course is exactly what I was looking for to better understand price formation and dispatch in the electricity market. The speaker is the only industry expert who addresses this topic in such complete detail.”
Associate, EDF Renewables“Great way to learn how LMPs are calculated.”
Rates and Policy Director, Northwest Requirements Utilities“Presentation highly organized. Speaker extremely knowledgeable and very clear in his explanations. Very extensive research conducted in preparation for presentation.”
Senior System Metering Engineer, TriState G&T“Explains a relatively unclear subject.”
Economist, Bonneville Power Administration“This course provided the insights into price formations that has taken my understanding to the next level.”
Market Operations Engineer, ERCOT“Excellent approach: we can read formal text book LP descriptions ourselves but this added valuable intuition.”
Principal Economics & Business Advisor – Transmission Planning, Xcel Energy“Nicholas Pratley is an incredible asset to the course, since he is so well versed in the subject. In addition to an overview of LMP formation, he provides a comprehensive review of North American wholesale electricity markets.”
Power Analyst – Senior, Tacoma Power“A very comprehensive and informative course. I am much better prepared for my customers now.”
Senior Director – Energy Markets, Nodal ExchangeThis course examines the value of understanding, analyzing and forecasting electricity prices in the North American wholesale markets (ISOs and RTOs). It forms a comprehensive introduction an overview of the locational pricing market (LMP) pricing structures, their evolution and possible extrapolations to the future of each independent system operator (ISO/RTO) organization. Data sources that influence and shape LMP pricing will be identified, the mathematics of price formation discussed and some analytical approaches described.
The information presented will benefit generation, transmission, financial, and other market participant staff who deal with current and future LMPs in wholesale electric markets by providing a deeper understanding of:
This course will:
Please Note: This event is being conducted entirely online. All attendees will connect and attend from their computer, one connection per purchase. For details please see our FAQ
If you are unable to attend at the scheduled date and time, we make recordings available to all attendees for 7 days after the event
Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before May 23, 2025 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800
Thursday, June 26, 2025
Central Time
Online
Friday, June 27, 2025
Central Time
Online
Nicholas Pratley has worked in electrical power systems analysis and design for more than three decades. He began his career as a consulting engineer designing power distribution for heavy industrial projects and moved on to become a subject matter expert in power systems analysis for software vendors and consulting firms. Mr. Pratley has experience with generation interconnection studies and transmission planning, including more than 15 years in electricity market simulation and price forecasting. He has received in depth training on Plexos, GE MAPS and PROMOD IV production cost models, and provided training and consulting services using PROMOD for many years. Clients have included transmission owners and developers, municipal utilities deciding whether to join an ISO market or where to construct a new generating plant, competitive generation (IPP) developers forecasting transmission congestion risk for wind/solar/storage project siting and contract negotiation, and pension funds investing in renewable generation projects. His work has influenced decisions to acquire, divest, build or invest in dozens of projects worth multiple billions of dollars. In his current professional capacity, Mr. Pratley focuses on the U.S. northeast wholesale electricity markets, federal and state policy, and transmission plans with respect to large-scale renewable energy development. He also prepares and presents training courses using his expertise in LMP wholesale electricity markets. His academic training in Electrical Engineering was at McGill University and the Universite de Montreal polytechnical school.
EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.
EUCI is authorized by IACET to offer 1.0 CEUs for this event
Verify our IACET accreditation
Participants must log in each day and be in attendance for the entirety of the event to be eligible for continuing education credit.
This program will use PowerPoint Presentations and group discussions.
Upon successful completion of this event, program participants interested in receiving CPE credits will receive a certificate of completion.
Course CPE Credits: 11.5
There is no prerequisite for this Course.
Program field of study: Specialized Knowledge
Program Level: Basic
Delivery Method: Group Internet Based
Advanced Preparation: None
EUCI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Only registered attendees can request CLE credits for an EUCI course/event. Please email [email protected] prior to the course start date and list the state where you are licensed and your bar# as well as the name and date of your course/event in your request, and someone will be in contact.
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