COPING WITH CHANGES IN WHOLESALE POWER MARKETS

Radical Market Changes

U.S. wholesale power markets have changed radically in the last decade.

Structured markets based on locational marginal pricing (LMP) have been implemented by the New York ISO, ISO New England, PJM, the Midwest ISO and the Southwest Power Pool (SPP).

Structured markets based on zonal pricing have been established in California and Texas, but both of these ISOs are expected to implement the more complex LMP market model in 2009. 

APM Experience in Structured Markets (ISOs and RTOs) 

At APM, the majority of our Owners and many of our Clients operate in structured markets, so we have years of daily operational and trading experience in PJM, the Midwest ISO, SPP, California and ERCOT.  Also, we have successfully helped several of our Owners through the complex and time-sensitive process of being integrated into a structured market.

Congestion Analysis Capabilities

With a dedicated congestion analysis team using sophisticated modeling software, we are especially adept at understanding and making congestion management recommendations no matter what name congestion rights go by: ARRs (Auction Revenue Rights), FTRs (Financial Transmission Rights), TCRs (Transmission Congestion Rights) or CRRs (Congestion Revenue Rights).

APM Services

So if you are currently operating in a structured market, or are operating in California or Texas where the market is set to undergo a significant transformation, APM is well positioned to provide you with energy risk management services under the following categories:

• Power Trading and Origination
• Power Scheduling and Transmission
• Structuring (Analytical Services)
• Fuel Supply and Transportation
• Trading (Risk) Controls
• Credit and Contracts
• Settlements
• Renewable Energy Services
• Training and Consulting
• Regulatory Services

Contact a Business Development Representative.