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IMO Training Courses

Training Schedule

Below is a schedule of the upcoming courses. Please email imo@imowa.com.au to make a booking.

 Training Course DateTime Availability
Energy Market IntroductionWednesday 12 June 2013 9:00am-12:00pmPlaces Available
Reserve Capacity MechanismWednesday 19 June 2013 9:00am-12:00pmPlaces Available
Market Operations, STEM and BalancingWednesday 19 June 2013 1:30pm-4:30pmPlaces Available
Energy Market IntroductionWednesday 10 July 20139:00am - 12:00pmPlaces Available
Reserve Capacity MechanismWednesday 17 July 20139:00am - 12:00pmPlaces Available
Market Operations, STEM and BalancingWednesday 17 July 20131:30pm - 4:30pmPlaces Available
Energy Market IntroductionWednesday 14 August 20139:00am - 12:00pmPlaces Available
Reserve Capacity MechanismWednesday 21 August 20139:00am - 12:00pmPlaces Available
Market Operations, STEM and BalancingWednesday 21 August 2013  1:30pm - 4:30pmPlaces Available  
Energy Market IntroductionWednesday 11 September 2013 9:00am - 12:00pm Places Available
Reserve Capacity MechanismWednesday 18 September 20139:00am - 12:00pmPlaces Available
Market Operations, STEM and BalancingWednesday 18 September 20131:30pm - 4:30pmPlaces Available
Energy Market IntroductionWednesday 9 October 20139:00am - 12:00pmPlaces Available
Reserve Capacity MechanismWednesday 16 October 20139:00am - 12:00pmPlaces Available
Market Operations, STEM and BalancingWednesday 16 October 20131:30pm - 4:30pmPlaces Available
Energy Market IntroductionWednesday 13 November 20139:00am - 12:00pmPlaces Available
Reserve Capacity MechanismWednesday 20 November 20139:00am - 12:00pmPlaces Available
Market Operations, STEM and BalancingWednesday 20 November 20131:30pm - 4:30pmPlaces Available
Energy Market IntroductionWednesday 11 December 20139:00am - 12:00pm Places Available
Reserve Capacity MechanismWednesday 18 December 20139:00am - 12:00pmPlaces Available
Market Operations, STEM and BalancingWednesday 18 December 20131:30pm - 4:30pmPlaces Available

Training Courses - Overview

The IMO training program provides a series of courses on Western Australia’s Wholesale Electricity Market. This training program is tailored for existing and potential Market Participants and the companies that service them. The courses cover the operational aspects of the Wholesale Electricity Market and have been broken into four half-day sessions.The courses currently offered are:

1. Energy Market Introduction

This course provides a high level overview of the Wholesale Electricity Market (WEM) and its mechanisms. No prior knowledge of the WEM is necessary to attend this course. The course covers:

  • Basic Introduction to Electricity
  • South West Interconnected System
  • Market Mechanisms
    • Energy Market
    • Reserve Capacity Market
  • Market Participant Interfaces
  • Market Rules
  • Gas Bulletin Board

2. Market Operations and the Short Term Energy Market (STEM)

An in-depth introduction to the Energy Market and the price-setting mechanisms. Attendees will explore the STEM and Balancing Markets in detail. It is expected that attendees would have a prior knowledge of the WEM or have been to the Market Overview course.

The course covers:

  • Scheduling and Trading Day
  • Bilateral, STEM and Balancing
  • STEM Auction
  • Balancing Price Determination

3. Reserve Capacity Mechanism

The Reserve Capacity Mechanism is designed to incentivise the investment in new capacity in Western Australia. This course will outline the Reserve Capacity Mechanism, introducing the concepts of how Market Participants are assigned capacity credits and how the obligation for these credits is recovered from Market Customers. This course is essential for all new and existing investors in Western Australian capacity.

  • Capacity Credits
  • Timeline
  • Individual Reserve Capacity Requirements
  • Allocations
  • Shared and Target Costs

4. Non-STEM Settlements

The relative simplicity of the WEM has resulted in a complex settlement. This course provides an in-depth understanding of WEM monthly Non-STEM Settlements. It is expected that attendees would have a prior knowledge of the WEM or have been to the Market Overview course.

The course covers:

  • Non-STEM settlement timeline
  • Introduction to the Non-STEM segments
    • Reserve Capacity
    • Balancing
    • Ancillary Services
    • Reconciliation
    • Market Fees
  • Participant Information Reports

This course is run by appointment only. If you would like to register your interest, please email imo@imowa.com.au