Voltcast 1.0 | Workshop 03 (Energy Markets)
August 25, 2024 at 12:30 PM - October 25, 2024 at 2:30 PM @ Online event
Description
Event Description The event offered a comprehensive overview of Energy Markets, beginning with an introduction to their objectives and key components. Participants examined the market structure and discussed how energy markets operate, including trading approaches and frequency balancing strategies, supported by real-world examples. The session concluded with an exploration of the advantages of energy markets over monopoly systems, emphasizing the role of competition and innovation in enhancing efficiency and service quality. Speaker Introduction Speaker: Mr. Dasitha Liyanage is a highly accomplished Senior Power Systems Engineer at Mott MacDonald and a renowned authority in the field of electrical engineering. His broad experience includes important roles at the Ceylon Electricity Board and Sri Lanka Telecom, where he contributed significantly to improving power systems and utility services. Dr. Liyanage delivered insights on energy markets, simplifying complex topics and encouraging engaging discussions among the audience. His expertise made the session informative and thought- provoking. Session Highlights 1. What is energy market? ● Introduction to the energy market ✔ Objectives of a fully competitive energy market ✔ Components ● Energy market structure ● Key players (producers, distributors, consumers) 2. How it works? ● Energy trading and dispatch approaches (day ahead, intraday ... ) ● Frequency balancing strategies (FCR, a/m FRR ...) ● Real-World examples 3. Importance and advantages of energy market over a monopoly Conclusion The session provided valuable insights into the evolving landscape of energy markets, highlighting both the challenges and opportunities that lie ahead. Attendees left with a clearer understanding of the dynamics shaping the industry and the critical role of innovation in driving progress. Dr. Liyanage’s expertise offered a well-rounded perspective on current trends and future possibilities, equipping participants with the knowledge needed to navigate the complexities of the energy sector. Acknowledgements ● Speaker: Mr. Dasitha Liyanage ● Organizing Teams: PES, IEEE UOR, EIES Power Circle ● Participants: Students, faculty members, and industry professionals who attended and engaged in discussions.
Agenda
VoltCast 1.0 Webinar on Energy Market Agenda Date : 25.08.2024 5:50 PM - Link broadcast and delegates joining 6:05 PM - Welcome by the moderator 6:10 PM - Publish attendance form (moderator should ask delegates to fill that) 6.15 PM - Announcing partnerships by moderator 6.15 PM - Advertisements of Title Partner 6.20 PM - Introducing the resource person by moderator 6.30 PM - Beginning of the Webinar 7.30 PM - Q & A Session declaration by moderator 7.40 PM - Vote of thanks, Display Token of Appreciation & Quiz procedure explanation by Mr. Chandula Jayathilake - VoltCast Program Team Lead 7.45 PM - Beginning of the Quiz 8.00 PM - End of Webinar