Power Markets 101 Series Hub

Power Markets 101 Series

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.

Energy Basics & The Power Grid

In order to understand the power industry and power markets, you first need an understanding of the grid. Learn about electric supply and demand, generation, the transmission system, and the power grid as a whole.
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The History of U.S. Power

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 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

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 more.
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Electricity Generation Basics

Let's review all things generation. Learn about different fuel types, different categories (baseload, peaking, and intermittent), and the pros and cons of different generation sources. Understanding generation helps make sense of the system of economic dispatch.
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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 how financial market participants facilitate market liquidity, hedging, and more.
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Yes Energy, 2022