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Press Releases |
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5/1/2006 Press Release |
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5/1/2006
ADICA Organizes Study Tour of U.S. Electricity Markets for Chubu Electric Power Company
ADICA Organizes Study Tour of U.S. Electricity Markets for Chubu Electric Power Company
ADICA Consulting organized a Study Tour of U.S. Electricity Markets for staff of Chubu Electric Power Co., Inc. (Chubu EPCo.) to train staff of Chubu EPCo. on Power Trading and Operation within a Competitive Electricity Market.
The study tour included formal training on real-time generation dispatch on the PJM system, with lectures on:
• How PJM Dispatches and Controls Generation
• Overview of Locational Marginal Price (LMP)
• PJM Day-Ahead Scheduling Process
• Ancillary Services
• Overview of PJM Markets Settlements
• Overview of PJM Market Monitoring
• Overview of PJM System Operator Certification Program
• PJM Emergency Procedures
• PJM Communications Protocols
• System Restoration
In addition, ADICA arranged for Chubu EPCo. staff to visit three U.S. electric utilities and accompanied the trainees on these visits. Issues addressed during the utility visits include:
• Trading structure for various areas (MISO, PJM, etc.)
• Trading Unit structure/organization
• Trading floor operations
• Dispatch and transaction paths
• Short term marketing
• Structured deals and long term marketing
• How does wholesale trading relate to retail markets?
• How does trading interact with transmission operations and scheduling?
• Settlement and accounting processes and procedures
• Strategic analysis for energy trading and risk management
• Generation investment decision making
About Chubu EPCo.
Chubu Electric Power Co., Inc. supplies electricity to the centrally-located Chubu region of Japan. The supply area covers 39,149 square kilometers and 16.6 million people. In terms of the Generating Capacity, Electric Energy Sales, and Revenues from Energy sales, Chubu EPCo. is the third largest electric company in Japan.
About ADICA
ADICA Consulting combines industry knowledge, distinguished professionals, and cutting-edge strategic analysis software to provide consulting services to Government Agencies and Energy Companies worldwide. Headquartered in Oak Brook, Illinois, ADICA provides Robust, Accurate, and Relevant insights with advanced analytics created by Argonne National Laboratory.
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Bruce Hamilton, President
Phone: +1 (630) 705-3060
Fax: +1 (630) 705-3061
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Web: www.adica.com |
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