Who Should Attend:
Anyone who has to engineer the future grid, develop rates or regulation, and consumers who want to understand how they may get paid or pay for energy in the future.
In the 1990’s wholesale markets were created as part of deregulation. Over the last 20 years, the wholesale markets have continued to evolve, with no end in sight. In the last decade, experimentation has started with retail level markets. The advent of the Internet of Things, large amounts of distributed resources, electric vehicles, and massive changes in the way people use and think about energy. This course will review the history of energy markets, cover the emerging technology of energy, and how retail markets are evolving. The course will cover several possible future scenarios, including energy markets in emerging economies.
The online tutorials will cover the following topics:
- History of energy markets
- Evolution of LMP and market prices
- Disconnect between wholesale markets and retail rates
- Impact of DER and electrification on distribution
- Changes in customer capability
- Complexity of retail markets in the current grid
- Transactive Energy – in concept and reality
- Technology to enable transactive energy and required research
- Social Justice in a retail market
- Thinking through 21 December in an all renewable future
- Transactive Energy in emerging economies
- A transactive future – alternatives and options
- Other market designs
- Mating wholesale and retail markets
Session price varies based on IEEE membership. The course will run in four 80-minute sessions via Webex. Registration for each session via the Resource Center is required.