Power markets can be difficult to learn because they are such a vast, interdisciplinary subject and it is tough to know where to start. Here, I’ve highlighted some important websites, blogs, books, and other resources I’ve used to study the different facets of power markets.
The first thing I’d recommend doing is reading Chapter 2 (“Wholesale Power Markets”) of the FERC energy primer below. Chapter 1 (“Wholesale Natural Gas Markets”) is also very useful to read, as natural gas is used heavily for power generation. The other chapters on crude oil, physical vs financial trading, and market manipulation, while still useful, are less relevant to this blog than the chapters on electricity and natural gas.
FERC energy primer: https://www.ferc.gov/sites/default/files/2020-06/energy-primer-2020.pdf
Below are a few other blogs, podcasts, and sites I’ve found useful. This is just a small list to start – I will add more shortly.
Blogs:
Berkeley Haas School of Business Energy Blog: https://energyathaas.wordpress.com/
Energy Information Administration (EIA) “Today In Energy” Blog: https://www.eia.gov/todayinenergy/
California ISO Energy Matters Blog: https://www.caiso.com/about/Pages/Blog/default.aspx
New York ISO Blog: https://www.nyiso.com/blog
FERC insight newsletter: https://www.ferc.gov/ferc-insight
EnergyGPS Free Daily Newsletter: https://www.energygps.com/
Podcasts:
Bryan Lee’s “The Energy Markets” Podcast: https://energymarketspodcast.buzzsprout.com/
New York ISO “Power Trends” Podcast: https://www.nyiso.com/podcast
Maps:
Transmission paths across WECC: http://www.oasis.oati.com/wesTTrans/wesTTransdocs/wesTTrans_Transmission_Map.pdf
EIA Energy Atlas Interactive Maps: https://atlas.eia.gov/pages/maps
ISO Sites
California ISO (CAISO): https://www.caiso.com/
- CAISO price map (aka… the “Skittles” map): https://wwwmobile.caiso.com/Web.Service.Chart/pricecontourmap.html
Alberta Electric System Operator (AESO): https://www.aeso.ca/
Southwest Power Pool (SPP): https://www.spp.org/
Electric Reliability Council of Texas (ERCOT): https://www.ercot.com/
Midcontinent ISO (MISO): https://www.misoenergy.org/
New York ISO (NYISO): https://www.nyiso.com/
ISO New England (ISO-NE): https://www.iso-ne.com/
Pennsylvania-New Jersey-Maryland Interconnection: http://www.pjm.com/
Independent Electric System Operator (IESO) – operates the electric grid for Hydro One in Ontario, Canada: https://www.ieso.ca/
Other Imporant Sites:
Northwest Power and Conservation Council: https://www.nwcouncil.org/news/
Federal Energy Regulatory Commission (FERC): https://www.ferc.gov/
BPA Transmission Line Ratings: http://www.oasis.oati.com/cgi-bin/webplus.dll?script=/woa/woa-outage-ttc-hourly-display.wml&Provider=BPAT