Search
EN FA
Services  /  Tutorials

Tutorials

IREMA experts are experienced in holding tutorial courses in the field of power system restructuring and electricity markets. A well contented curriculum has been defined in three levels, covering all subjects from the basic to the advanced electricity market relevant topics. Each level will takes (7-10) day workshops including some social & recreational events.

  • Basic Level Link to topics
  • Intermediate Level Link to topics
  • Advanced Level Link to topics

Experts and elites lecture the topics that are related to their professional field. Most of them are experienced persons, Ph. D.s who have contributed to establish IREMA.

IGMC constructs a modern and well organized campus in Zanjan for the purpose of hosting the tutorial courses. For more details on the Tutorial courses you could contact to supporten@irema.ir

  

 

 

 

 

Restructuring Process

  1. Unbundling
  2. Decentralization
  3. Competition in supply side
  4. Competition in buyer side
  5. Transmission open access

Restructuring Goals

  1. Improving the trading environment, functionality, and efficiency
  2. Increasing the job opportunities
  3. Cost clarification and relationships
  4. Economic signal managements
  5. Electricity as a merchandise not a service
  6. Privatization
    • Reduction of the governmental structures and engagements
    • Investment

General Overview of Electricity Trade

  1. Generation side
  2. Transmission
  3. Market
    • Spot market
    • Bilateral market
    • Power exchange
  4. Buyer Side
  5. End-consumers
    • Tariffs
    • Active players

Roles and Entities

  1. Independent system operator (ISO)
    • Max-ISO
    • Min-ISO
      • Market operator
        • Billing system
        • SCUC
        • Data acquisition and communication infrastructures
        • Coordination with control center
      • System operator
        • Real time operation  
  2. Transmission companies
    • Transmission system and pricing
      • Ownership
      • Topology & structure
      • Transmission companies' revenue
      • Congestion management
      • Transmission cost allocation
        • Methods
        • Our method
  3. Buyers
    • Distribution companies
    • Export
    • Large consumers
  4. Generation companies
    • Billing and remuneration
      • Penalties
      • Revenues
        • Capacity payment
        • Energy payment
    • Obligations
    • Technical requirements
  5. Regulatory board
    • Electricity market regulations and legislations
    • Market monitoring and control
    • Dispute resolution

Market Regulation Concept

  1. Price regulation
  2. Social welfare
  3. Market monitoring
    • Market power mitigation
    • Penalties
  4. Commodities and market complexity

Spot Market Structure

  1. Trading environment
    • Day-ahead market
      • Data
        • Generators' bidding data
        • Maintenance schedule
        • Fuel
      • Clearing mechanism
        • PAB
        • UP
      • Price location
        • System-wide pricing
        • Bus-based locational pricing
        • Zonal pricing
      • Billing
        • Market and operation deviations
      • SCUC
        • Auction
          1. Single sided
          2. Double sided
          3. External trades
            • Import
            • Export
            • Power exchange
            • Bilateral contracts 
        • Transmission system model
        • Operational constraints
    • Real-time market
  2. Capacity mechanisms:
    • Energy only markets
    • Capacity payments
    • Capacity auctions
    • Capacity certificates
    • Scarcity pricing
    • Capabilities market
  3. Ancillary services
  4. Competition level
    • Monopoly
    • Purchasing agency
    • Wholesale competition
    • Retail competition

Real-Time Operation

  1. Coordination between market operator & system operator
  2. Ancillary services
  3. Deviations in operating day

Legal Frameworks

  1. Contracts
    • ISO and sellers
    • ISO and buyers
    • Bilateral contracts
    • Renewable energies 
  2. Dispute Resolution
    • Between ISO and sellers
    • Between sellers and sellers
    • Between sellers and buyers
    • Between buyers and buyers
    • Caused by transmission companies

Fuel Procurement Policies

  1. Market Based
  2. Exclusive
  3. Governmental monopoly
  4. Obligation to supply

Generation Investments

  1. Incentives
  2. Price Spikes
  3. Capacity mechanism in detail
    • Market based
    • Obligation

Pricing Schemes

  1. Power
    • Locational
    • Zonal
    • MCP
    • PAB
  2. Clarity
  3. Total cost
  4. Ease of doing business
  5. Fairness

Power Exchange

  1. Derivative Markets
  2. Arbitrage in PEX

Market Power Detection & Mitigation

  1. Market power definition
  2. Dependency to clearing mechanism
    1. PAB versus Uniform
  3. Market power redemption
  4. RMR contracts

Energy Hubs

  1. Energy sources
  2. gas systems
  3. Operation
  4. Management
  5. Energy hub elements

FTR, PTR & Congestion Management

  1. Congestion and Price formation
  2. LMP & Congestion revenue for ISO
  3. Congestion risk
  4. Principal of PTR vs. FTR
  5. Market mechanism for FTR
  6. Drawbacks and risks

Energy Finance

  1. Financial contracts
  2. Risk management
    • CFD
    • Option
    • …
  3. Market-based Financial tools for investment
    • Green Capacity Obligation
    • Capacity certificate vs. connection fee
    • …

Ancillary Services

  1. Pricing schemes
    • Regulation
    • Spinning reserve
    • Supplementary
  2. Optimization model
    • Joint and simultaneous
    • Sequential

Regional Electricity Market

  1. European model
  2. American model
  3. Market coupling
  4. ISO roles in real time management

Transmission System

  1. Transmission expansion
    • Centralized
    • Decentralized
  2. Transmission Cost Allocation in detail
    • Cost allocation method
      • Value based
      • Cost based
    • Different methods and applications
  3. Congestion management
  4. Transmission rights

Equilibrium and Bidding Strategy Analysis

  1. Game theory
  2. MPEC
  3. EPEC
  4. Bidding Behaviors
    • Conservative
    • Risk Prone

Renewable Energy Integrated Markets

  1. Challenges
  2. Mechanism design
  3. Supplementary polices
    • FIT
    • FIP
    • ROC
    • Tax – privileges
  4. Investment incentives & adequacy issues
  5. Electric vehicles
  6. Energy storages
  7. Smart Grid

SCUC Problem

  1. Convexity
  2. Non convexity
  3. Solution methods
    • Lagrange relaxation
    • Benders decomposition
    • MIP
    • Heuristic algorithms

Arbitrage

  1. Time arbitrage
  2. Price – Place Arbitrage
  3. Speculators
  4. Virtual bidding