Successfully Implementing

Locational Marginal Pricing

Under the Proposed Standard Market Design

Monday, June 09, 2003

About

Locational Marginal Pricing will change the way you do business - do you have the information you need?

FERC's proposed Standard Market Design will have major and pervasive effects on North American electricity markets. But the most significant of these will be the implementation of Locational Marginal Pricing.

Although LMP should introduce significant benefits for transmission service and reliability, it must take into account the unique characteristics of each existing market, such as interregional price convergence, market power mitigation, and capacity adequacy. This is no small feat, and resolution of these issues and companies' ability to manage the implementation challenges of the new market will be the key to success. These sweeping changes have raised a whole new set of questions for both newly deregulating markets and those that have been in transition for years.

Arm yourself and your business with the information you need to make the right decisions at this critical time. Whether you are in generation, transmission or distribution, this American Conference Institute event materials will provide comprehensive analysis of how your sector will be impacted.

  • The benefits and risks of this method of electricity pricing
  • Can LMP work effectively in areas that have predominately hydroelectric systems?
  • How the seams issues will be addressed
  • Has LMP really improved transmission congestion in areas that have already implemented it?
  • How FERC will handle existing physical transmission tariffs
  • The effects of LMP on cross-border trades between Canada and the US
  • Auctions vs. allocations: how CRRs/TRRs/FTRs will be handled under SMD
  • Designing market power mitigation measures that do not interfere with scarcity prices
  • The latest economic forecast for electricity markets and the potential for future investments and new entrants
  • The pros and cons of generation adequacy requirements within an RTO
Don't miss this invaluable opportunity to get the most current, vital information you need to structure your business for success and stay ahead of the game.

Contents & Contributors

About

Locational Marginal Pricing will change the way you do business - do you have the information you need?

FERC's proposed Standard Market Design will have major and pervasive effects on North American electricity markets. But the most significant of these will be the implementation of Locational Marginal Pricing.

Although LMP should introduce significant benefits for transmission service and reliability, it must take into account the unique characteristics of each existing market, such as interregional price convergence, market power mitigation, and capacity adequacy. This is no small feat, and resolution of these issues and companies' ability to manage the implementation challenges of the new market will be the key to success. These sweeping changes have raised a whole new set of questions for both newly deregulating markets and those that have been in transition for years.

Arm yourself and your business with the information you need to make the right decisions at this critical time. Whether you are in generation, transmission or distribution, this American Conference Institute event materials will provide comprehensive analysis of how your sector will be impacted.

  • The benefits and risks of this method of electricity pricing
  • Can LMP work effectively in areas that have predominately hydroelectric systems?
  • How the seams issues will be addressed
  • Has LMP really improved transmission congestion in areas that have already implemented it?
  • How FERC will handle existing physical transmission tariffs
  • The effects of LMP on cross-border trades between Canada and the US
  • Auctions vs. allocations: how CRRs/TRRs/FTRs will be handled under SMD
  • Designing market power mitigation measures that do not interfere with scarcity prices
  • The latest economic forecast for electricity markets and the potential for future investments and new entrants
  • The pros and cons of generation adequacy requirements within an RTO
Don't miss this invaluable opportunity to get the most current, vital information you need to structure your business for success and stay ahead of the game.

Contents & Contributors

The Contents and Contributors description for this publication is not available at this time.


DOCUMENT TYPES: PRESENTATIONS AVAILABLE: 0