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CAISO EDAM Market: Potential Operational Impacts & Settlements Best Practices

March 19 - 20, 2025 Seattle, WA and Online :: Pacific Time Seattle City Light

“This course gave a great overview of EDAM structure and settlements and its relation to EIM.”

Economist, Salt River Project

“…was an excellent experience, backed up with real-world content that applies to the different dynamics facing the CAISO market and its participating entities.”

ESM Analyst, Tucson Electric Power

“…fantastic job and I appreciate the opportunity to listen to the professionals provide their expertise.  I look forward to future EUCI trainings.”

Energy Market Analyst, Salt River Project

The California ISO (CAISO) western energy imbalance market (WEIM) will expand in 2026 to incorporate an enhanced day ahead market (EDAM). The EDAM, which will be available to participants in the CAISO-run Western Energy Imbalance Market, is projected to bring a range of benefits — including improved grid reliability, renewables integration, and resource and transmission planning. Many WEIM market participants, as they evaluate the cost-benefit the EDAM for their operations, would like to understand the potential impacts of EDAM on the CAISO WEIM in three critical aspects:

  • Potential impacts of EDAM on merchant operations, BA operations, and settlement charge codes for WEIM
  • Best practices for the front-office group in terms of submitting EDAM bids for resources, loads, and interties
  • Best practices for the back-office group in the areas of meter validation, shadow settlements, dispute management, transmission billing, and month-end closing

Market participant attendees will come away from this intensive course with a wealth of valuable knowledge:

  • How the new EDAM will impact the workflow for the merchant front-office group, BA group, and back-office group
  • Understand new EDAM charge codes and assess how settlement results can be used as a strategic tool to validate WEIM settlement statements and invoices, identify settlement errors, submit settlement disputes, compute profits & losses, provide feedback on the effectiveness of bidding strategies, and maximize the bottom-line profits for assets in WEIM

Front office, back office and settlement staff at WEIM and interested EDAM market participants will want to register early for this EUCI training, as in-person space is limited.  On-line attendance is also available.

Learning Outcomes

Attendees at this course will learn how to:  

  • Identify how EDAM will influence the front-office workflow
  • Operate resources to maximize their value in WEIM
  • Explore how to validate day-ahead (DA) market awards and compute DA settlement charges for resources and loads
  • Assess whether will CAISO provide DA bid-cost recovery payments for resources
  • Evaluate the potential impacts of EDAM on market operations and settlement charge codes for WEIM
  • Examine how to compute DA and DART P&L for resources
  • Review how CAISO handles over-collected DA congestion revenues and losses
  • Demonstrate the main charge codes for a BA group (Loads, Interties, and Non-participating Resources)
  • Guide BAs to compute annual transmission revenue requirements
  • Compute profit and loss (P&L) metrics
  • Minimize costs for serving loads in the SPP markets
  • Specify how BAs bill transmission customers for network and point-to-point services
  • Allocate WEIM settlement charges for BAs to transmission customers
  • What are the potential impacts of market power mitigation on settlement results
  • Train the back-office team to understand complex charge codes in WEIM

Registration & Attendance Criteria

This course is open to utilities, power and energy industry operating companies (see above), consumer groups, project developers and regulators only.  Registrations from software vendors and others that do not meet these criteria – or that may be construed as a competitive conflict – will be evaluated on a case-by-case basis and may not qualify for attendance.  Any determination as to the fulfillment of a registration to attend this program shall reside solely with EUCI.  Questions re: the application of this restriction can be addressed to [email protected].

Register

REGISTER NOW FOR THIS EVENT:

Individual attendee(s)$ 1495.00 each(early bird rate)
(price after February 28, 2025 is $ 1,695.00)
- OR - I choose to attend remotely
Individual remote connections(s)$ 1495.00 each(early bird rate)
(price after February 28, 2025 is $ 1,695.00)
Volume pricing also available

Individual attendee tickets can be mixed with ticket packs for complete flexibility

Pack of 5 attendees$ 6,350.00 (15% discount)(early bird rate)
(price after February 28, 2025 is $ 7,205.00)
Pack of 10 attendees$ 11,960.00 (20% discount)(early bird rate)
(price after February 28, 2025 is $ 13,560.00)
Pack of 20 attendees$ 22,425.00 (25% discount)(early bird rate)
(price after February 28, 2025 is $ 25,425.00)

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 February 14, 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

Day one

Wednesday, March 19, 2025

Day two

Thursday, March 20, 2025

Agenda

Wednesday, March 19, 2025
Pacific Time

Seattle, WA and Online

On-site Continental Breakfast and Registration

8:00

Group Luncheon

12:15 - 1:15

Adjourn for the day

5:00 PM

8:00 - 8:30 AM

On-site Continental Breakfast and Registration

8:15 - 8:30 AM

Online Log-In

8:30 - 9:00 AM

Overview and Introductions

9:00 - 10:30 AM

Potential Impacts of EDAM on WEIM Market Operations and Settlements

  • Overview of western markets
  • Lessons learned from 10 years of market operations
  • Understanding CAISO full-network model and commercial model
  • Key objectives for adding EDAM
  • Potential impacts of EDAM on…
    • Merchant group
    • BA group
    • Settlement group
  • Reviewing DA bidding workflow for WEIM
    • Merchant market participants
    • BA participants
  • How does security-constrained economic unit commitment (SCUC) work?
  • Bid-to-bill timeline and challenges
  • Quantifying EDAM benefits
  • Frequently-asked questions about EDAM
10:30 - 10:45 AM

Morning Break

10:45 - 12:15

Reviewing EDAM Bid-to-Bill Workflow for Participants

  • Reviewing EDAM bidding workflow
  • Submitting 4-part energy bids and imbalance-energy bids for resources
  • Submitting self-scheduled bids for interties
  • Downloading CAISO DA awards for…
    • Resources
    • Interties
    • Loads
  • Reviewing EDAM & RT front-office workflow for merchant group
  • Timeline for settlement statements and invoices
  • Downloading settlement statements and invoices
  • Understanding new EDAM charge codes
  • Validating EDAM charge codes and managing settlement disputes
  • Best practices for EDAM market operations
12:15 - 1:15

Group Luncheon

1:15 - 3:00 PM

Validating EDAM Charge Codes for Merchant Groups

  • Understanding key DA & RT settlement charge codes for participating resources
  • Reviewing back-office workflow for merchant group
  • Computing DA energy payments for participating resources
  • Computing DA imbalanced-energy payments for participating resources
  • Computing DA GHG payments for participating resources
  • Understanding CARB compliance
  • Validating DA bid-cost recovery (BCR) payments
  • Computing RT energy-imbalance payments and charges for participating resources
  • Computing RT flexible-reserve payments for participating resources
  • Validating RT GHG payments for participating resources
  • Understanding CAISO administrative charges
  • Best practices for WEIM back-office
3:00 - 3:15 PM

Afternoon Break

3:15 - 5:00 PM

Using Settlement & P&L Metrics to Provide Feedback to Traders

  • Using settlement and production-costing results to compute DA & DART Profits & Losses (P&L) for your resources
  • Key factors influencing P&L
  • Using P&L metrics to provide feedback to…
    • Traders on effectiveness of EDAM bidding strategies
    • Plant managers on plant performance
    • Build key performance indices
  • Settlement forensics – where front and back offices meet
  • Lessons learned for using business-intelligence tools to analyze settlement results and validate market operations
  • Best practices for P&L feedback
- 5:00 PM

Course Adjourns for the Day

Agenda

Thursday, March 20, 2025
Pacific Time

Seattle, WA and Online

On-site Continental Breakfast

8:00

Group Luncheon

12:15 - 1:15 PM

Adjourn for the day

4:00 PM

8:00 - 8:30 AM

On-site Continental Breakfast

8:15 - 8:30 AM

Online Log-In

8:30 - 10:15 AM

Validating Charge Codes for BA Group

  • Reviewing BA workflow in EDAM
  • Understanding key DA & RT settlement charge codes for BA group
  • Computing DA energy charges for loads
  • Validating meter data for resources, tie lines, and loads
  • Deadlines for submitting settlement quality meter data (SDMQ) to CAISO
  • Computing energy-imbalance payments and charges for non-participating resources, interties, and loads
  • Computing actual system loads
  • Validating over/under scheduling penalties and credits
  • Understanding offset charges for loads
  • How does CAISO compute settlement charges for unaccounted-for-energy?
  • How does CAISO handle DA over-collections for congestion and losses?
  • Best practices for BA operations and settlements
10:15 - 10:30 AM

Morning Break

10:30 AM - 12:15 PM

Validating WEIM and EDAM Charge Codes for BA Group (cont’d)

  • Reviewing BA workflow in EDAM
  • Understanding key DA & RT settlement charge codes for BA group
  • Computing DA energy charges for loads
  • Validating meter data for resources, tie lines, and loads
  • Deadlines for submitting settlement quality meter data (SDMQ) to CAISO
  • Computing energy-imbalance payments and charges for non-participating resources, interties, and loads
  • Computing actual system loads
  • Validating over/under scheduling penalties and credits
  • Understanding offset charges for loads
  • How does CAISO compute settlement charges for unaccounted-for-energy?
  • How does CAISO handle DA over-collections for congestion and losses?
  • Best practices for BA operations and settlements
12:15 - 1:15 PM

Group Luncheon

1:15 - 2:30 PM

Goals for Transmission Billing

  • Understanding open access transmission tariff (OATT)
  • Computing annual transmission revenue requirements
  • Computing transmission charges for…
    • NITS customers
    • Point-to-point customers
    • Grandfathered agreements
  • Revising OATT to reflect EDAM participation and settlement impacts
  • Allocating CAISO settlement charges to transmission customers
  • Using transmission billing to compute monthly invoices for transmission customers
  • Best practices for transmission billing
2:30 - 2:45 PM

Afternoon Break

2:45 - 4:00 PM

Preparing for EDAM

  • What software tools and IT infrastructure are needed to support the front-office and back-office workflow in EDAM?
  • Preparing key personnel (traders, power-plant managers, fuel procurement, risk managers, load forecasters, etc…) for EDAM
  • Reviewing lessons learned from other markets
- 4:00 PM

Course Adjourns

Instructors

Over the past 49 years, Khai Le has conducted more than 900 seminars on market-based operations, trading and bidding strategies, portfolio optimization, and shadow settlement for utilities and ISOs worldwide. He is currently working with market participants in all seven U.S. ISO as well as well as bilateral markets to deploy the PCI Suite to automate their bid-to-bill, portfolio-optimization, ETRM, and BA-operations workflows.    He has authored some 100 technical papers on unit commitment, hydro-thermal coordination, emission dispatch, optimization of ancillary services, post analysis, and short-term planning.  Five of his papers received prize awards.  Mr. Le received his BS from Harvey Mudd College and his MS from Carnegie Mellon University.  He is a Fellow of the IEEE and a Registered Professional Engineer in Pennsylvania.

Khai Le

Senior Vice President

PCI

Justin Shearer is Vice President of Energy Solutions for PCI Energy Solutions, joining the firm in 2013.  Among the many important assignments he has filled over the years is the role of product ownership management for the company's CAISO EIM solution.  Before joining PCI, Mr. Shearer was a quality assurance team lead for a multi-billion dollar hedge fund and a security class actions analyst for a leading financial services firm. He earned his bachelor’s degree in English Literature and Language from University of Oklahoma. He then received his MBA with a focus in MIS and supply chain management from the Price School of Business at the University of Oklahoma.

Justin Shearer

Senior Director

PCI

Suiyi Su is senior director and product owner of PCIs Transmission Solutions. His team designs, implements, deploys, and maintains a series of applications, including e-Tag, Energy Accounting and Transmission Billing, and Transmission Operations. He is actively involved in the R&D of Transmission Solutions and leads the business development of PCI’s product lines in Transmission and Reliability areas.  Mr. Su is also heavily involved in PCI Energy Solutions’ customer support for the CAISO WEIM.  He joined PCI in 2012.  Mr. Su earned a masters degree industrial and systems engineering at the University of Florida.

Suiyi Su

Senior Director

PCI Energy Solutions

Location

Seattle City Light
700 5th Ave., #3200
Seattle, WA 98104

Nearby Hotels/Airports

Continuing Education Credits

IACET

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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 1.3 CEUs for this event

Verify our IACET accreditation

Who recognizes IACET Credits?

Requirements for Successful Completion of Program

Participants must sign in/out or log in each day and be in attendance for the entirety of the course to be eligible for continuing education credit. 

Instructional Methods

This program will use PowerPoint presentations, case studies and group discussions. 

CPE

Upon successful completion of this event, program participants interested in receiving CPE credits will receive a certificate of completion.

Course CPE Credits: 15.5
There is no prerequisite for this Course.
Program field of study: Specialized Knowledge
Program Level: Basic
Delivery Method: Group Internet Based
Advanced Preparation: None

CpeEUCI 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 web site: www.nasbaregistry.org

Who Should Attend

  • Front-Office personnel who would like to maximize profits for their assets in the CAISO WEIM and EDAM markets
  • Back-office employees who need to understand the settlement rules for the CAISO WEIM and EDAM markets
  • Power-plant managers who would like to understand the impact of settlement on their plant profitability
  • IT personnel who need to build the IT infrastructure to support the bid-to-bill workflow
  • New WEIM market members who need to prepare for the forthcoming EDAM

Host