Power Markets 101

As the focus on a clean energy transition continues, understanding the energy industry will become increasingly important for both the average citizen and up-and-coming industry professionals.  If you're interested in learning more about the power industry and its unique markets, you've come to the right place.  Below you will find resources covering everything from the components of the grid to the history of power in the US to today's modern markets.

Power Markets 101 Series

Energy Basics & The Power Grid

In order to understand the power industry and power markets, you need an understanding of the grid.  Learn about electric supply and demand, generation, the transmission system, and the power grid as a whole in this blog.

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The History of US Power

In this blog, we explore the history of power in the U.S., covering vertically integrated utilities, power monopolies, cooperative utilities, the Federal Energy Regulatory Commission (FERC), and the regulatory acts that led to the existing power markets.

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The Introduction of Independent System Operators (ISOs)

Learn what Independent System Operators and Regional Transmission Organizations are, and what their main goals are.  Additionally, learn about the existing ISOs and RTOs in North America and a brief history of each.  

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Competitive Power Markets - Functionality & Dual-Settlement Market

Once you understand the basics of the grid and understand existing ISOs and RTOs, you'll be ready to explore how competitive markets operate.  In this blog, learn about the dual settlement market, economic dispatch, constraints, Locational Marginal Pricing (LMP), and other markets supporting reliability.

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Electricity Generation Basics

In this blog, we review all things generation. Learn about different fuel types, different generation categories (baseload, peaking, and intermittent), and the pros and cons of different generation sources.

 

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Financial Power Markets & Liquidity

In this blog, we introduce financial markets, starting with their purpose.  Learn about security-constrained economic dispatch (SCED), different types of power market participants, and the ways in which financial market participants facilitate market liquidity, hedging, price convergence, market efficiency, and risk mitigation.

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Financial Power Markets & Trade Types

Explore financial power markets further in this blog.  Learn about different trading types, including virtuals, Financial Transmission Rights (FTRs), Spreads, and more. 

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Yes Energy's Glossary

There are a lot of terms and acronyms associated with the energy industry and power markets. For a quick reference, we've created this glossary with some of the most important terms.

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Other Recommended Power Market Resources

Check out our resources page for a guide to other resources that may help you on your energy and power markets learning journey. 

Resources PM101

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