Explore the Impacts of Market Changes on Opportunities for New Generation Builds, Demand Response and Energy Storage!
Policy-Makers and Senior Executives Gather to Discuss:
An exhaustive Moody’s study rated Texas as the state facing the worst resource adequacy issues, facing a .7% deficit in capacity at peak. Drought threatens the operations of generation plants, many coal-fired plants are scheduled to be decommissioned due to new environmental regulations, and reserve margins are projected to fall to an untenable level this year. New capacity is clearly needed, but low natural gas prices and the lack of adequate price signals from the ERCOT market have stifled new plant construction even as demand grew 20% over the past five years.
In response the Texas PUC raised price ceilings to $5000/MWh in August 2013, well short of the $9000/MHh advocated to trigger a substantial build out in Texas. This price ceiling may be increased over the coming months, and other policy moves are contemplated to better value operating reserves and create further incentives for new projects. Will this trigger the substantial generation build needed? What will the impacts be on power pricing and market operations? Can price-responsive Demand Response (DR) and energy storage technologies provide near-term relief?
ERCOT Market Summit 2014 will examine the changing market drivers, and bring policy-makers together with utility, IPP, DR and energy storage executives to explore the potential opportunities to solve resource adequacy problems. They will explore the impacts of power price ceiling increases on project economics, as well as whether the contemplated market changes will trigger the massive build out needed. They will also explore how DR, energy storage and other potential game-changers could be more effectively integrated into the ERCOT market, and whether recent transmission and smartgrid investments can be leveraged to provide solutions. Finally, financiers will provide their perspectives on investment in and financeability of projects in the ERCOT market.
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