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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.

Reserve Capacity MechanismWednesday 8 February 2012Fully Booked
Market OverviewWednesday 15 February 2012Fully Booked
Market Operations and STEMWednesday 7 March 2012Fully Booked
Reserve Capacity MechanismWednesday 21 March 2012Places Available
Market OverviewWednesday 28 March 2012Places Available
Non-STEM SettlementsWednesday 11 April 2012Places Available
Market Operations and STEM Wednesday 18 April 2012 Places Available
Market OverviewTuesday 24 April 2012Places Available
Reserve Capacity MechanismWednesday 2 May 2012Places Available
Market Operations and STEMWednesday 30 May 2012Places Available
Market OverviewWednesday 6 June 2012Places Available
Non-STEM SettlementsWednesday 13 June 2012Places Available
Reserve Capacity MechanismWednesday 20 June 2012Places Available
Market OverviewWednesday 4 July 2012Places Available
Market Operations and STEMWednesday 11 July 2012Places Available
Market OverviewWednesday 15 August 2012Places Available
Market Operations and STEMWednesday 22 August 2012Places Available
Non-STEM SettlementsWednesday 29 August 2012Places Available
Reserve Capacity MechanismWednesday 5 September 2012Places Available
Market OverviewWednesday 12 September 2012Places Available
Market Operations and STEMWednesday 3 October 2012Places Available
Reserve Capacity MechanismWednesday 17 October 2012Places Available
Market OverviewWednesday 24 October 2012Places Available
Non-STEM SettlementsWednesday 7 November 2012Places Available
Market Operations and STEMWednesday 14 November 2012Places Available
Market OverviewWednesday 21 November 2012Places Available
Reserve Capacity MechanismWednesday 28 November 2012Places Available
Market Operations and STEMWednesday 12 December 2012Places 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. 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

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