Introduction to Regional Wholesale Electricity Markets - RTOs and ISOs

September 2-3, 2020


Wednesday, September 2, 2020 - Central Time

8:45 – 9:00 a.m. :: Login

9:00 am – 4:30 pm :: Course Timing 

12:30 – 1:15 pm :: Lunch Break

Power System Basics, Types of Generation Resources and Loads, and Regulatory Oversight 

Types of Energy Markets and Regional Transmission Organizations (RTOs) and Independent System Operators (ISOs)  

12:30 - 1:15 p.m. :: Lunch Break

Locational Marginal Price (LMP) 

RTO/ISO Wholesale Electricity Markets 

Thursday, September 3, 2020 - Central Time

8:45 – 9:00 a.m. ::Login

9:00 am – 12:00 pm :: Course Timing 

Review of Previous Day; Opportunities for Questions and Discussion on Previous Day's Material 

Regional Wholesale Electricity Market Basics - Continued 

Risk Management and Credit Requirements 


Raj Rana, PE, MBA, CEM, PMP, President, Rana Energy Consulting  

While serving as the director of RTO Policy and NERC Compliance at American Electrical Power, Raj was responsible for coordination of energy, transmission, market structure, finance, and governance-related RTO policy issues among the AEP business units. This also included the development of corporate positions/policies and advocacy of such positions at regulatory agencies at stakeholder forums in PJM, SPP, and ERCOT RTOs. He was also responsible for the development and coordination of strategic direction of AEP’s power system reliability compliance program among all business units, as well as coordination and facilitation of compliance plans, policies and procedures within the company to ensure timely and successful compliance of NERC, and regional reliability standards.  

Previously, Mr. Rana worked in AEP’s System Planning department in various positions. His experience at AEP includes planning and operation of the bulk transmission network, generation interconnections, tariff and regulatory/legislative issues, system integration, asset management, mergers and acquisitions, and planning and engineering studies for international transmission and generation projects.  

Mr. Rana holds a BSEE degree from M. S. University (India), an MSEE degree from West Virginia University, and an MBA degree from University of Dayton. Mr. Rana also completed the AEP Management Development Program at the Fisher Business College of the Ohio State University. He is a life-senior member of IEEE and holds the Ohio State PE license. Mr. Rana is also a certified energy manager and project management professional. 


Our courses are designed to be the best possible use of your valuable time – get the information you need to improve your position in the market in an interactive, dynamic format.

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.