This course provides a detailed exploration of energy markets in New England, covering essential topics needed to understand wholesale electricity markets. We will start with an overview of Energy Markets, including market participants, structures, and how they work. Then, we will dive into the Day-Ahead Energy Market, explaining the auction process and its outcomes. Next, we will examine Unit Commitment & Dispatch processes, including commitment optimization and real-time dispatch. We will also discuss Demand in New England Markets, including demand response programs and market impacts.
Additionally, we will cover Locational Marginal Pricing (LMP) and its impact on electricity prices, Forecast & Scheduling techniques, and Market Interactions among participants. Finally, we will explore Day-Ahead and Real-Time Energy Market Accounting practices, including financial settlements and billing processes. By the end, you will have a solid grasp of New England's Wholesale Electricity Markets, empowering you to navigate this dynamic energy landscape effectively.