PJM Operations & Settlements Best Practices

This EUCI instructional course covers the operations and settlements in the PJM market.  It illuminates how market participants can maximize the value of their assets (resources, loads, bilateral contracts).  It is an excellent training for generators, distribution utilities, independent power producers, transmission companies, financial traders and other market participants engaged in the never-ending quest to achieve optimum outcomes from their PJM operations.  Attendees will learn how to:

• Formulate unit offers and demand bids
• Use settlement results as a strategic tool to validate PJM settlement statements and invoices
• Identify settlement errors and submit settlement disputes
• Compute profit & loss metrics
• Provide feedback on the effectiveness of bidding strategies
• Minimize costs for serving loads in the various market mechanisms, including the energy market, FTR market, capacity and ancillary services market

Front office, back office and settlement staff working in the PJM market will want to register early for this EUCI training in the Baltimore Inner Harbour area, as in-person space is limited. 

• Use profit & loss (P&L) metrics to provide feedback to traders
• Apply market simulation to illustrate settlements and P&L calculations
• Examine PJM bid-to-bill workflow
• Validate PJM settlement charge codes for resources
• Identify the most common causes for settlement disputes
• Arrange examples illustrating day-ahead and real-time settlement for generators
• List key factors influencing profits & losses
• Recognize DART P&L gains and leakages
• Demonstrate how to validate charges for virtual transactions
• Evaluate settlement results to compute profit & loss metrics and provide feedback to traders on bidding strategies
• Recognize how to use profit & loss metrics for operational feedback and what real-time desk procedures are needed to identify and correct operational problems

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 regarding the application of this restriction can be addressed to [email protected].