2020 Webinar - Electricity Capacity Mechanisms of the Future: What Will Work and What Will Not?
We all count on the lights going on whenever we flip the switch. However, as we retire more baseload capacity, add substantial intermittent resources, and sharply increase generation on the distribution system, there's real concern about how to best ensure the generating capacity for power available on a 24/7/365 basis. On top of this huge transition, there are highly divergent approaches to ensuring that capacity is adequate, with widely different costs at different times. As we enter this new era, which one(s) will work best to ensure reliability at a reasonable cost, and send the right price signals at the wholesale and retail levels? This webinar will provide cross-cutting perspectives on key issues such as:
- Where is the line between state and FERC/RTO responsibility?
- How should we treat variable wind and solar in a capacity market?
- Would greater interregional transmission capacity help?
- What role should the demand side play in ensuring adequate capacity?
- Capacity auctions vs the Texas model - can both ensure adequacy when supplies get tight?
- Will the transition to digitized, smart power system controls and monitors help or hurt?
Moderator: John Jimison Esq., General Counsel, IAEE/USAEE
John Jimison Esq. is an attorney and energy policy expert, retired after a 48-year professional career featuring a number of significant roles. He seved five years as Managing Director of the Energy Future Coalition of the United Nations Foundation. From 2007 to 2011, Mr. Jimison served as Senior Counsel to the Energy and Commerce Committee of the U.S. House of Representatives, with lead staff responsibility for legislation concerning energy efficiency, regulatory matters, energy markets, and electric grid modernization. (More Information)
Craig Glazer serves as the Vice President--Federal Government Policy for PJM Interconnection. In this capacity, Mr. Glazer coordinates all of PJM's regulatory and legislative policies before Congress, the Federal Energy Regulatory Commissions, the United States Department of Energy and other federal agencies. PJM operates the largest competitive wholesale electricity market in the world and serves over 9% of the United States population. Mr. Glazer heads PJM's Washington, D.C. office. (More Information)
Pat Wood Pat Wood III is the past Chairman of the Federal Energy Regulatory Commission (FERC) and of the Public Utility Commission of Texas (PUCT). The son of a small businessman, Mr. Wood has been a forceful advocate throughout his career for replacing government-centered regulation with customer-focused, technology-unleashing competition.
Today, as CEO of Hunt Energy Network, Mr. Wood's focus is on new power system infrastructure and the related business systems to integrate it into competitive power markets. (More Information)
Julia Frayer is a Managing Director at London Economics International LLC ("LEI") with more than 20 years of experience providing expert insights and consulting services in the power and infrastructure industries. She has worked extensively in the US, Canada, Europe, and Asia on a range of issues in the electricity sector, including wholesale market analysis (to support policy analysis, investment and commercial strategy, resource planning, M&A due diligence, and wholesale market design). Julia also has experience with regulatory matters in the electricity sector, including expertise on tariff design, performance-based ratemaking, and market power regulation. (More Information)
Jay Morrison leads the Regulatory Issues Unit of NRECA's Government Relations Department, where he works with a staff of professional advocates representing NRECA and its members on matters relating to federal and state utility regulation, power supply and delivery. Since joining NRECA in 1998, Mr. Morrison has worked extensively on issues relating to wholesale market design, power supply and delivery, industry restructuring, renewable energy, energy efficiency, distributed generation, and the smart grid. (More Information)