Ancillary Services Fundamentals and Market Dynamics
November 30 - December 1, 2020 | Online :: Central Time
The emergence of renewable and variable energy resources has drawn attention to the supplemental services — beyond the basics of energy, generating capacity, and power delivery — that bulk-power systems and balancing areas require to ensure grid stability. Some of these ancillary services (such as regulation and reactive power) are required during normal operations to maintain the necessary balance between generation and load in real-time and maintain voltages within the required ranges. Other ancillary services (such as contingency reserves) provide insurance to prevent minor problems from becoming full-scale catastrophes or to restore the bulk-power system to normal operations after a major outage occurs.
This course will explain the functions performed by each ancillary service with a focus on the real-power services. It will also provide an in-depth treatment of several features of ancillary services, regulation and reserve market design:
- Co-optimization in the scheduling and dispatch of energy and ancillary services
- The theory and practice of reserve and regulation shortage pricing
- The pricing and scheduling of demand side ancillary services
- Market design approaches to scheduling, pricing and bidding these services
- Comparison of ancillary services, regulation and reserve products across the various North American independent system operators (ISOs)
- Value and cost components that inform market participant ancillary services, regulation and reserve products bidding opportunities
- Identify what ancillary services are and why the power system needs them
- Discuss what is required to provide ancillary services, regulation and reserve products
- Examine what the cost drivers are for ancillary services, regulation and reserve products
- Assess the reasons that co-optimization of energy and ancillary services is becoming a standard feature of wholesale power markets and how they function
- Examine the relationship between ramp constraints, regulation shortage prices, price variability, and the returns to being on dispatch
- Identify the options of faster ramp and more accurate provision of regulation
- Identify how the increasing penetration of renewable energy, storage and distributed energy resources influence the need and provision of ancillary services, regulation and reserve products
- Interpret FERC Orders and other actions that affect ancillary services, regulation and reserve markets
- Address participation challenges in the ancillary services, regulation markets and reserve markets
- Evaluate ancillary services, regulation and reserve products’ cost, value and bidding approaches
- Examine the need for inertia, virtual trading and other new ancillary services, regulation and reserve products, services and pricing models
- Analyze and understand how the development of demand ancillary services regulation and reserve products is related to the level of price caps and the introduction of meaningful shortage pricing
EUCI has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET). In obtaining this accreditation, EUCI has demonstrated that it complies with the ANSI/IACET Standard which is recognized internationally as a standard of good practice. As a result of their Authorized Provider status, EUCI is authorized to offer IACET CEUs for its programs that qualify under the ANSI/IACET Standard.
EUCI is authorized by IACET to offer 1.0 CEUs for this event.
Requirements For Successful Completion Of Program
Participants must sign in/out each day and be in attendance for the entirety of the conference to be eligible for continuing education credit.
PowerPoint presentations and case studies will be used in program
Monday, November 30, 2020 : Central Time
8:45 – 9:00 a.m. :: Log In and Welcome
9:00 – 9:15 a.m. :: Overview & Introductions
Ancillary Services Fundamentals
- Background / Who is in control
- What Are Ancillary Services (AS)?
- Reliability Performance Requirements
- Comparison of AS across all ISOs
- Normal Conditions
- Frequency Regulation
- Load Following
- Energy Imbalance
- Contingency Conditions
- Frequency Response
- Supplemental Reserves
- Other Ancillary Services
- Voltage Control and Reactive Supply
- Black Start
- Scheduling, System Control and Dispatch
12:30 – 1:15 p.m. :: Break for Lunch
Ancillary Services Fundamentals, Coninued
- Sources of Ancillary Services
- Energy Storage
- Demand Response
- Trends in Ancillary Services
- Impact of FERC orders
- Impact of State Initiatives (New York, California)
- Texas and ERCOT-specific AS conditions, initiative and outcome
- Impact of Variable Energy Resources (wind and solar)
- Aggregated supply from Distributed Energy Resources
- Shifts in resource ownership and offerings
- Multiple services possibilities and practicalities
4:30 p.m. :: Course Adjourns for the Day
Tuesday, December 1, 2020 : Central Time
8:45 – 9:00 a.m. :: Log In
9:00 a.m. – 12:30 p.m. :: Program
Ancillary and Reserve Services Market Design and Valuation
Overview of Ancillary Services, Regulation and Reserve Products in Wholesale Markets
- Co-optimization of energy and ancillary services
- Why is co-optimization needed for economic efficiency?
- How does co-optimization work?
- Reserve and regulation shortage pricing
- Overview of alternative scarcity pricing mechanisms
- The advantages of reserve shortage pricing
- How does reserve shortage pricing work
- Determining energy prices in markets with reserves shortage pricing and co-optimized energy and ancillary service markets
- ERCOT’s operating reserve demand curve
- Ramp constraints, price spikes and regulation shortage values
- The role of scarcity pricing in markets with capacity requirements
- Ramping products
- Evolving need for ramping products
- CAISO flexible ramping product
- MISO ramp capability model
- Storage and demand side ancillary services
- Overview of current storage and demand side ancillary service ISO products
- Economics of storage and demand side ancillary services for provision of ISO products
- Expected evolution of energy storage products and likelihood of broader valuation of multiple uses
- Comparison of ancillary services, regulation and reserve market values across all ISOs
12:30 p.m. :: Program Adjournment
Justin Schnegelberger, Manager – Development Engineering, Burns & McDonnell
Justin Schnegelberger is Manager of Development Engineering at Burns & McDonnell.
He leads a group of proposal managers and development engineers focused on development of client power solutions. Over his 13 years of experience at the firm, Mr. Schnegelberger has served at the firm as Proposal Manager for EPC Projects, Performance Manager and Lead Performance Engineer, Project Manager, Development Engineer, Contract Engineer, and Owners Engineer. He also worked as Performance engineer at McHale & Assocs. He is a mechanical engineering graduate of the University of Nebraska.
We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.
- You will receive a meeting invitation will include a link to join the meeting.
- Separate meeting invitations will be sent for the morning and afternoon sessions of the course.
- You will need to join the appropriate meeting at the appropriate time.
- If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
- The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.
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 registrants for three business days after the event
|Single Connection - Ancillary Services Fundamentals and Market Dynamics||US $ 1195.00|
|Pack of 5 connections||US $ 4,780.00|
|Pack of 10 Connections||US $ 8,365.00|
|Pack of 20 Connections||US $ 14,340.00|
|Call us at 303.770.8800 if you have any specific questions on the volume discounts|
|* all other discounts do not apply to license packs|
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 October 30, 2020 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