ISO Market Settlements

Best Practices for ISO, Bilateral, Contract, & Transmission Settlements

November 20-21, 2024 | Denver, CO and Online :: Mountain Time

“This is a great way to orient staff on the RTO/ISO settlements space. EUCI is incredibly talented at putting together groups of individuals with similar interests and goals.” Manager of RTO Settlements, The Energy Authority

“Very informative conference. All presentations were relevant to me. Learned a lot in two days.” Settlements Manager, GDF Suez NA

“I highly recommend this conference.” Management Assistant, San Francisco Public Utilities Commission

“Great opportunity to network with other ISO settlements professionals from around the country and learn current best practices.” Manager, PG&E

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“This is a unique conference that allows you to converse with all of the ISOs as well as other settlements groups.” Manager – Market Ops Accounting, Xcel Energy

“A learning ground.” Principal Manager – Settlements, SCE

“Excellent opportunity to compare and contrast various RTO markets; gain insights to future process improvements in your area of expertise, and network with those who can provide feedback and support in the future.” Supervisor – Electric Settlements, WPS

“Well managed event!” Director – Business Development, MCG Energy Solutions

“A good forum to bring fresh ideas and discussions around the settlements world.” Portfolio Analyst, Duke Energy

“Outstanding forum for communication between ISOs and market participants for all ISO markets.” Manager – Market Operations Accounting, Xcel Energy

“Others share in your obstacles; come, hear and share solutions.” Managing Supervisor, Ameren

“Informative and engaging. The material was well prepared and diverse in scope.” Will Amos, Senior Power Coordinator, OG&E

“It was interesting to get viewpoints from several RTOs on a wide range of topics. “ Senior ISO Settlement Analyst, Westar Energy

“A very productive conference that provided valuable information and a great opportunity to network.” Integrated Market Coordinator, Kansas City Board of Public Utilities

“Great of settlements from a wide perspective ranging from RTOs to market participants and vendors.“ Utility Specialist, San Francisco Public Utilities Commission

“These folks know how to put on a conference — well done!” Settlement Analyst

“In addition to being a great networking opportunity, the ISO Settlements Summit provides information and context that is hard to obtain over the phone or at market meetings.” Product Marketing Manager, Hartigen

“Great variety of topics and speakers in addition to meeting people from across the entire country.” Supervisor – ISO Settlements, Constellation

“Face-to-face conversations are a great way to learn and possibly improve your own best practices.” Senior Operations Analyst, Puget Sound Energy

“This is a great conference for anyone wanting to learn about what is happening with the ISOs across North America — a great learning opportunity.” Senior Manager – Market Settlements, IESO

“EUCI offered a wealth of settlements knowledge through a well-organized and executed Settlements Summit.” Senior Manager – Settlements, Ontario Power Generation

“Excellent insights on current and future ISO settlement issues.” Director – Electric Supply & Trading, WGL Energy

“My first but definitely not my last EUCI Settlements Summit. Speakers are effective and knowledgeable, and topics are applicable to the job.” Energy Analyst, Arizona Public Service (APS)

“Informative and thought-provoking.” Director – Settlements Structured Transactions, Brookfield Renewable

“The EUCI Settlement Summit is a great event to meet and collaborate with all the ISOs and other MPs to open a dialogue and start solving challenges for both sides, from data, analysis to reporting and invoicing.” Analyst, Brookfield Renewable

“Open environment and multi-market focus allows MPs to check their vision with colleagues’ approaches while also adding to one’s dynamic approach to settlement responsibilities.” Managing Director – Settlements, ACES

“Settlements Summit is a very relevant and informative session that gathers the best of the energy industry for thoughtful discussion and exchange of ideas and best practices.” Senior Manager – Southern California Edison

“Program was fantastic from the perspective of an IPP asset manager looking to understand market systems/settlements at a broader level. Takeaways help inform future automation efforts to improve our data quality and shadow settlement capabilities.” Asset Manager, EDF Renewables

This conference will examine the systems and processes associated with the ever-changing landscape of wholesale electricity (ISO) market settlements.  Particular emphasis will be placed on how the ISOs and market participants are optimizing their settlement systems to properly value and settle renewable energy resources, DERs and storage. 

Attendees of this two-day conference will join a deep panel of experts as they address:

• How power organizations and system operators across North America are engineering their settlements design to accurately reflect system operations
• How ISOs and market participants are adapting their settlement processes and staff to accommodate significant changes to the post-COVID workforce structure
• And much more!

Learning Outcomes

Attendees will hear presentations and engage in discussions that will allow them to:

• Examine the leading settlement issues from ISO/RTO staff perspectives
• Apply settlement analysis to drive profits and improve operations
• Evaluate optimum methods for accelerating settlement timelines
• Assess settlement requirements necessitated by the shifts in current operational practices to variable resources (e.g., increasing renewable energy penetrations, energy storage, demand response) vs. more traditional resource baseload-oriented market designs
• Evaluate methodologies, challenges and resource allocation decisions associated with closing market participants’ monthly “financial book”
• Discuss methods for optimizing the statement validation and disputing process
• Identify challenges, lessons learned and best practices of market participation shadowing of ISO/RTO settlements
• Explore how the new balancing (EIM/EIS) and bilateral (SEEM) markets settlement process may influence future ISO settlements processes

Wednesday, November 20, 2024 : Mountain Time

8:30 – 9:00 a.m. :: Overview and Introductions

9:00 a.m. – 12:30 p.m. :: ISO/RTO Settlement Departments’ Current and Up-and-Coming Changes and Challenges

(includes 15 minutes break)

This introductory segment will feature settlements staff and SMEs from the various ISOs discussing developments and salient aspects of their markets – past, present and future – including:

• FERC orders
• ISO-specific market measures
• Technology and system process refresh

Participating ISOs/RTOs

CAISO

ISONE

MISO

NYISO

PJM

SPP

12:30 – 1:15 p.m. :: Lunch Break

1:15 – 3:00 p.m. :: What Are Some Current Grid Conditions and How Will They Affect Settlements?

• The role of settlement dept in market design project initiative development and administration
• Transmission expansion and cost recovery
• Congestion that requires energy imports from other systems
• Offshore wind
• Seasonal shift in peaking system
• Retirements of peakers and other baseload assets
• The need for additional products
• Extreme weather challenges
• Energy storage (batteries)
• Hybrid / co-located market participation
• Uninstructed deviation
• Western expansion
• Meter calibration of unaccounted for and responsibility for who runs that

3:00 – 3:15 p.m. :: Afternoon Break

3:15 – 4:00 p.m. :: Lessons Learned on Bidding & Settlement for Energy Storage Resources (ESRs)

Over the next 5-10 years, the US will see a rapid growth of Energy Storage Resources (ESR) due to FERC Order 841 and Investment Tax Credits.   This panel session will cover:

• Lessons Learned with bidding ESRs into ISO/RTO markets
  • Defining ESR capabilities (Max Charge/Discharge Capabilities, Storage Volume, Round-trip Efficiency)
  • Bidding ESRs into Day-Ahead and Real-Time Markets
  • Should ESRs be used to provide Energy and/or Ancillary Services?
• Processing market settlements for ESRs in ISO/RTO markets
  • Submitting meter data for ESRs
  • Key settlement charge codes for ESRs
  • Do ESRs qualify for make-whole payments?

4:00 – 4:45 p.m. :: FERC Order 2222’s Impact on Settlements

This segment will explore the anticipated, significant, impacts of FERC Order 2222 on the operations and preparations necessary for future compliance of a wholesale power market participant’s settlements department.  This case study by DTE, a member of the Midcontinent ISO (MISO), is working towards compliance and will address:

• The role of electric utilities and load serving entities as aggregators of Distributed Energy Resources (DER) within MISO
• Challenges related to small generator meter data, and the validation of third-party DER meter data
• The complexities of dual (wholesale and retail) participation of behind-the-retail-meter DERs for electric utility retail billing

4:45 p.m. :: Program Adjourns for Day

Thursday, November 21, 2024 : Mountain Time

8:30 – 10:00 a.m. :: Using BI Tools to Build Back-Office Reports

Settlement analysts typically spend 30-40 per cent of their working hours building reports to support settlement accrual, shadow settlements, P&L reporting, month-end closing, and data transfer to financial ledgers. This panel session will cover:

• Processing back-office data
  • Reviewing back-office data sources (RTO, ETRM, Meter data, etc)
  • Organizing data in data marts
  • Validating back-office data
• Lessons learned with using bi tools to build settlement reports
  • Storing RTO settlement data in data marts
  • Experience with using PowerBI to build back-office reports
  • Best methods to share reports with other departments

10:00 – 10:15 a.m. :: Morning Break

10:15 – 11:45 a.m. :: Billing & Settling PPA and Complex Contracts

The increase in PPAs, EMAs, transmission, energy storage tolling and other bilateral contracts – along w/their bespoke character and complexity – means that managing them in spreadsheets is no longer be practical, auditable, nor secure.

This segment will:

• Identify the types of periodic accounting and reporting challenges
• Discuss billing and settlement invoice allocation protocols and practices
• Review the full contract-settlements workflow, from invoice downloads, settlements validation, to month-end reporting, closing, and sending financial data to general ledger
• Examine how to automate operations from the front to back office and scale the process to improve efficiencies in administering contracts and arrangements

11:45 a.m. – 1:00 p.m. :: Lunch Break

1:00 – 2:00 p.m. :: Transitioning from In-House Settlements Software Solution to Hosted Solution

Utilities and market participants in recent years have had to weigh heavily the choice between operating their settlements software  deploying on-premise servers or through cloud hosting.  It is more than just a technical decision; selecting the optimum solution impacts how companies manage data, provide online services, and maintain client satisfaction.  This case study provided by CAISO-participant Southern California Edison (SCE) will examine how the organization evaluated and executed its decision to pivot from an in-house settlements software solution to a hosted solution.

• Elements and considerations
  • IT Infrastructure, management and support
  • Data accessibility and flexibility
  • Scalability and growth
  • Maintenance, troubleshooting and upgrades
  • Security, backup, and disaster recovery
  • Compatibility with other system(s) and software applications
• Pros and cons – analyzing both platforms
  • In-house servers – weighing benefits and drawbacks
  • Cloud-hosting – advantages and challenges

2:00 – 3:15 p.m. :: The Application of Robotics Process & Automation (RPA) to Settlements

Many business units are implementing a technology practice called robotic process automation (RPA) to streamline enterprise operations and reduce costs. With RPA, businesses can automate mundane rules-based business processes, enabling business users to devote more time to serving customers or other higher-value work. That’s exactly what one southwestern U.S. utility has done to improve its accuracy, efficiency and timeliness for settling its power transactions at month’s end, when the settlements process kicks into gear. This segment will detail what it has done to implement RPA and what is “in the cards” going forward, especially with respect to its role in power settlements.

3:15 – 3:30 p.m. :: Afternoon Break

3:30– 4:30 p.m. :: AI in Power Settlements – Is There a Business Case?

This session is devoted to an exploration of the role that artificial intelligence (AI) could play in the settlement platforms of the future.  It will consider these aspects of implementation:

• Function(s)
• Distinctions between AI and machine learning
• Compatibility with other systems
• Enterprise
• External
• IT infrastructure requirements
• Operating considerations
• Governance
• Practicality and economics

4:30 p.m. :: Adjournment

Chris Brown, Technical Specialist – Settlement Analysis, New York Independent System Operator (NYISO)

Shannon Carey, Executive Director – Market Analysis & Settlements, ISO New England (ISO-NE)

Suzanne Coyne, Principal Consultant – Market Settlement Development, PJM

David Dan, President, Power Settlements Consulting and Software, LLC, a division of YES Energy

Lynn Hecker, Director – Settlements, Midcontinent ISO (MISO)

Christa Hook, Manager – Market Settlements, NIPSCO

Madhuri (Maddie) Kandukuri, Principal Manager – Power Analytics, MCE

Susan Kenney, Manager – Market Settlements Development, PJM

Konstantin Korolyov, Supervisor – Settlements/Generation Optimization,
DTE Energy

Khai Le, Senior Vice President, PCI Energy Solutions

Alishan Mansourian, Senior Manager – CAISO Settlements and Market Analytics Group, Southern California Edison

Jacob McCracken, Senior Manager – Utility Accounting, Xcel Energy

Daric Moenter, Manager – Market Settlements, Midcontinent ISO (MISO)

Christopher Russell, Senior Manager – Customer Settlements, New York Independent System Operator (NYISO)

Jin Thian, Manager – Market Support Services, ISO New England(ISO-NE)

Mike Turner, Director – Market Services, California ISO (CAISO)

Steve White, Lead Settlement Analyst, Southwest Power Pool

Brent Wilcox, Manager – Settlements, Southwest Power Pool

Kaylea Zeigler, Manager – Business Systems Analysis, Salt River Project (SRP)

Tri-State G&T Training Center

1100 W. 116th Ave

Westminster, CO 80234

(Hub Thompson conference center)

REGISTER NOW FOR THIS EVENT:

ISO Market Settlements

November 20-21, 2024 | Denver, CO

Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before October 18, 2024 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800

Credits

EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.

EUCI is authorized by IACET to offer 1.5 CEUs for this event

Verify our IACET accreditation

Who recognizes IACET Credits?

Requirements For Successful Completion Of Program

Participants must log in/sign in each day and be in attendance for the entirety of the event to be eligible for continuing education credit.

Instructional Methods

Case studies, PowerPoint presentations, and panel discussions will be used in this program.

Upon successful completion of this event, program participants interested in receiving CPE credits will receive a certificate of completion.

Conference CPE Credits: 17.0
There is no prerequisite for this conference.
Program field of study: Specialized Knowledge
Program Level: Basic
Delivery Method: Group-Live
Advanced Preparation: None

EUCI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org

Who Should Attend

This program will appeal to professionals and support staff who support the following functions relating to ISO/RTO market transactions:

• Settlements and energy clearing
• Back office
• RTO/ISO accounting
• Operations accounting
• Transaction accounting
• Tariff billing
• Trading and Power Management
• Market management
• Business controls
• Commercial operations
• Credit
• IT analysis and support
• Financial analysis

Host Utility
Sponsors