IMO Training Courses
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:
Market Overview
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
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
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
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
Below is a schedule of the upcoming courses. Please email imo@imowa.com.au to make a booking.
| Course | Dates | Bookings |
|---|---|---|
| Market Operations and STEM | Wednesday 1 September 2010 | Places Available |
| Reserve Capacity Mechanism | Wednesday 29 September 2010 | Places Available |
| Market Overview | Wednesday 6 October 2010 | Places Available |
| Market Operations and STEM | Wednesday 13 October 2010 | Places Available |
| Non-STEM Settlements | Wednesday 20 October 2010 | Places Available |
| Reserve Capacity Mechanism | Wednesday 10 November 2010 | Places Available |
| Market Overview | Wednesday 17 November 2010 | Places Available |
| Market Operations and STEM | Wednesday 24 November 2010 | Places Available |
| Market Overview | Wednesday 19 January 2011 | Places Available |
| Reserve Capacity Mechanism | Wednesday 2 February 2011 | Places Available |
| Market Operations and STEM | Wednesday 9 February 2011 | Places Available |
| Non-STEM Settlements | Wednesday 16 February 2011 | Places Available |
| Market Overview | Wednesday 2 March 2011 | Places Available |
| Reserve Capacity Mechanism | Wednesday 16 March 2011 | Places Available |
| Market Operations and STEM | Wednesday 23 March 2011 | Places Available |
| Non-STEM Settlements | Wednesday 11 May 2011 | Places Available |
