As electric markets become increasingly unbundled, all energy companies depend on services bought and sold in wholesale power markets. Markets have become increasingly important in recent years with the growth of gas-fired generation owned by independent power producers, the increase in renewables, and the expansion of ISO market areas. Unfortunately, the electric business has no uniform way of organizing markets. This learning path will help you to understand the various ways of organizing markets as well as the services and the types of markets they are traded in.

• Define the term trading arrangements
• Distinguish between the three trading arrangements models
• Differentiate how services traded, scheduled, and priced under the three models
• Evaluate how prices for each service are determine in a given market
• Analyze the roles and market opportunities available to market participants in a given market