TRN101 - Module 1: Course Introduction - ERCOT.com

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Locational Marginal Pricing LMPs are determined by: Day-Ahead Market - Hourly LMPs Real-Time Operations - Every 5 minutes* * LMPs generated at each SCED cycle (possibly more often than 5 minutes) Module 1 : Slide 24
Locational Marginal Pricing Important LMP Factors Locational Marginal Pricing BBalance l of f St Strong reliability & economics market signals • LMP Market control of reliability • Drives utilization of transmission space p Effi Efficient i t Dispatch • Reliability problems • ERCOT instructed • Price response to reliability problems • At Resource level Module 1 : Slide 25
Page 1 and 2: NODAL MARKET EDUCATION Transmission
Page 3 and 4: Course Objectives Upon completion o
Page 5 and 6: Course Modules Modules in this cour
Page 7 and 8: Module Objectives Upon completion o
Page 9 and 10: Nodal Market Overview (continued) M
Page 21 and 22: Roles and Responsibilities ERCOT Op
Page 23: Locational Marginal Pricing What is
Page 27 and 28: Locational Marginal Pricing Calcula
Page 29 and 30: Settlement Point Prices Types of Se
Page 31 and 32: Settlement Point Prices What is a L
Page 33 and 34: Settlement Point Prices Six Hubs in
Page 35 and 36: Settlement Point Prices Impact of O
Page 37 and 38: Scenario: Outages and LMPs (continu
Page 45: Module Summary In this module we:

TRN101 - Module 1: Course Introduction - ERCOT.com

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