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Module 2: Regulation of the Grid

This module covers growth of the North American electrical grid. The development and roles of FERC, NERC, and WECC. It also review reliability compliance, as it pertains to WAPA. Note: Ads are selected by YouTube and its parent company, Google, and are not reviewed by WAPA. WAPA does not endorse any advertisements that may appear on its channels and videos. Narrated by: Parker Wicks Developed and produced by: Amy Cutler, John Flynt, Neil Lindgren, Jen Neville Image: NERC’s Key Players graphic References: FERC and NERC documentation Series Abstract: WAPA developed this video series for educational purposes in preparation for the customer-focused Markets in the West Workshop, April 9-10, 2019. The video series also serves as an on-demand resource for anyone interested in understanding of how the Western Interconnection works and the different market constructs in the utility energy sector. Series Modules: 1. (Introduction to series) Introduction: A quick review of the video series purpose;    • Introduction: Market Workshop pre-meeting ...   2. (Module 1 of 9) U.S. Bulk Electric System: Overview of how the grid functions;    • Module 1: U.S. Bulk Electric System   3. (Module 2 of 9) Regulation of the Grid: How the grid is regulated;    • Module 2: Regulation of the Grid   4. (Module 3 of 9) Overview of WAPA: Learn what WAPA is and what it does as part of the Western Interconnection;    • Module 3: Overview of WAPA   5. (Module 4 of 9) How the Western Interconnection operates today: Understand how entities balanced the system of energy generation and use;    • Module 4: How the Western Interconnection ...   6. (Module 5 of 9) Electricity Market Primer: Get a basic overview of market constructs;    • Module 5: Energy Market Primer   7. (Module 6 of 9) What is a Bi-lateral Market?: A high-level review of the traditional purchasing and selling of energy in the Western Interconnection;    • Module 6: What is a Bi-lateral Market?   8. (Module 7 of 9) What is an Energy Imbalance Market?: A high-level review of using SCED to adjust the difference between scheduled and real-time energy exchange;    • Module 7: What is an Energy Imbalance Market?   9. (Module 8 of 9) What is a Fully Integrated Market?: A high-level review of how an integrated market works;    • Module 8: What is a Fully Integrated Market   10. (Module 9 of 9) Summary, different types of market constructs: A review of the three types of markets – bi-lateral, EIM, and fully integrated;    • Summary: Different Types of Market Constructs