Introduction to the Wholesale Electricity Market (WEM)

This courses aims to provide an overview of the Wholesale Electricity Market, its mechanisms and the roles of the entities involved. It also provides a high-level explanation how a power system works and how Security Constrained Economic Dispatch is managed in the WEM.

No prior knowledge of the WEM, power systems, or energy markets is required to attend this course.

This course is delivered in-person or fully online over one full day.

Course content
  • Introduction to the WEM and its mechanisms
    • Entities involved and their roles, including AEMO’s function
    • Characteristics of the WEM and the SWIS
  • Power System Basics
    • The needs of a power system and how they can be met
  • Security Constrained Economic Dispatch
    • How WEMDE works
  • Reserve Capacity Mechanism
    • High level explanation of the RCM and its purpose
    • Key timelines in RCM
  • Settlement in the WEM
    • Basic overview of segments settled in the WEM
    • Introduction of net settlement concept
    • Key timelines and obligations relating to settlement 
Learning outcomes:

Attendees of the course will gain an overview of the Wholesale Electricity Market in Western Australia (WA) and its mechanisms, a basic understanding of the electricity sector and how a power system works. The course provides insight into how WEMDE works to provide Security Constrained Economic Dispatch, as well as a high-level explanation of the Reserve Capacity Mechanism and settlement in the WEM.

Course dates:
Date
Time
Location
Status

7 March
2024

9:00am – 5:00pm
(AWST)

Perth

Completed

9 May
2024

9:00am – 5:00pm
(AWST)

Virtual

Completed

12 June
2024

9:00am – 5:00pm
(AWST)

Virtual

Completed

9 July
2024

9:00am – 5:00pm
(AWST)

Perth

FULL

22 August
2024

9:00am – 5:00pm
(AWST)

Perth

FULL

1 October
2024

9:00am – 5:00pm
(AWST)

Virtual

FULL

19 November
2024

9:00am – 5:00pm
(AWST)

Perth

FULL

There are currently no additional sessions of this course planned for 2024.
To be added to the waitlist for any of the above course dates, please email energyeducation@aemo.com.au

Cost:

This course is free for WEM Market Participants and $200 (plus GST) per person for all others.

How to enrol:
  • Visit the AEMO Learning Academy
  • Click on the catalogue button to view courses
  • Add the education course to the Cart
  • Create an individual log in

You will also be able to access the AEMO eLearning and education catalogues.

For more information, please contact energyeducation@aemo.com.au

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