Settlements are the accounting methods and processes by which the transfer of power flows between counterparties are documented and value is derived. Their primary function is to ensure all power purchases and sales are correctly reconciled to the terms, agreements and tariffs, and that any discrepancies are properly investigated and disputed. A secondary function of settlements is to provide feedback on the financial implication of power transactions to the Front Office, and to report on the financial performance of transactions to various Back Office departments.
This training will present a high-level workflow of RTO/ISO market operations from the beginning to the end. It will focus on generation and load, which together cover 80 percent of market activities. Illustrations from various RTOs will be employed. Course attendees will obtain insights on how to ensure their settlement organizations are wringing out every dollar of compensation to which they are entitled.
