Part 1: Modelling Power Systems Using PLEXOS Introduction

By the end of this course, participants will be able to:

Explain the structure and function of power markets, including the roles of utilities, regulators, ISOs, and RTOs.
Differentiate between regulated and deregulated market structures.
Compare electricity markets by function and timeframe, including capacity, wholesale, and ancillary service markets.
Describe the operation of day-ahead, real-time, and forward/futures markets, and the concept of marginal clearing prices.
Formulate basic optimization problems in power systems using objectives, constraints, and bounds.
Recognize how datasets are organized using object-oriented, relational, and document-based models.
Explain the role of PLEXOS as a linear optimization tool for system planning and operations.
Apply PLEXOS concepts across multiple energy systems (power, gas, hydrogen, storage, water).
Classify generation resources by dispatchability and curtailment.
Identify major transmission infrastructure elements, including transmission lines, substations, and distribution systems.
Describe the simulation phases in PLEXOS (LT, MT, ST, Reliability) and their role in decision-making.

Course Overview
Introduction to the Learning Path 2 min
Meet Your Instructor 10 min
The Power of Energy Modelling: Driving the Global Energy Transition | Humanising Energy 6 min
The Energy Ecosystem: Why Every Decision Matters | Humanising Energy 6 min
Energy Transition: Skills, Innovation & PLEXOS-Powered Planning | Humanising Energy 6 min
Why PLEXOS? 20 min
Energy Market Modelling Introduction 9 min
Customer Testimonial 1
Industry Perspective of Energy Exemplar
SME Perspective
Knowledge Check
Knowledge Check: Modelling Power Systems Introduction 6 min
Additional Resources
Glossary of Key Terms and Acronyms 5 min
Collection of Links for Additional Study 30 min
Next Session
Next Session: PLEXOS Cloud 1 min

By the end of this course, participants will be able to:

Explain the structure and function of power markets, including the roles of utilities, regulators, ISOs, and RTOs.
Differentiate between regulated and deregulated market structures.
Compare electricity markets by function and timeframe, including capacity, wholesale, and ancillary service markets.
Describe the operation of day-ahead, real-time, and forward/futures markets, and the concept of marginal clearing prices.
Formulate basic optimization problems in power systems using objectives, constraints, and bounds.
Recognize how datasets are organized using object-oriented, relational, and document-based models.
Explain the role of PLEXOS as a linear optimization tool for system planning and operations.
Apply PLEXOS concepts across multiple energy systems (power, gas, hydrogen, storage, water).
Classify generation resources by dispatchability and curtailment.
Identify major transmission infrastructure elements, including transmission lines, substations, and distribution systems.
Describe the simulation phases in PLEXOS (LT, MT, ST, Reliability) and their role in decision-making.

Course Overview
Introduction to the Learning Path 2 min
Meet Your Instructor 10 min
The Power of Energy Modelling: Driving the Global Energy Transition | Humanising Energy 6 min
The Energy Ecosystem: Why Every Decision Matters | Humanising Energy 6 min
Energy Transition: Skills, Innovation & PLEXOS-Powered Planning | Humanising Energy 6 min
Why PLEXOS? 20 min
Energy Market Modelling Introduction 9 min
Customer Testimonial 1
Industry Perspective of Energy Exemplar
SME Perspective
Knowledge Check
Knowledge Check: Modelling Power Systems Introduction 6 min
Additional Resources
Glossary of Key Terms and Acronyms 5 min
Collection of Links for Additional Study 30 min
Next Session
Next Session: PLEXOS Cloud 1 min

Part one of three of the Modelling Power Systems Using PLEXOS Course