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 |
|---|---|---|
| Reserve Capacity Mechanism | Wednesday 17 March 2010 | Places Available |
| Market Overview | Wednesday 24 March 2010 | Places Available |
| Market Operations and STEM | Wednesday 07 April 2010 | Fully Booked |
| Non-STEM Settlements | Wednesday 21 April 2010 | Places Available |
| Market Overview | Wednesday 28 April 2010 | Places Available |
| Reserve Capacity Mechanism | Wednesday 05 May 2010 | Places Available |
| Market Overview | Wednesday 19 May 2010 | Places Available |
| Market Operations and STEM | Wednesday 26 May 2010 | Places Available |
| Non-STEM Settlements | Wednesday 02 June 2010 | Places Available |
| Market Overview | Wednesday 16 June 2010 | Places Available |
| Reserve Capacity Mechanism | Wednesday 23 June 2010 | Places Available |
| Market Overview | Wednesday 07 July 2010 | Places Available |
| Market Operations and STEM | Wednesday 21 July 2010 | Places Available |
| Non-STEM Settlements | Wednesday 28 July 2010 | Places Available |
