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ERCOT Market Summit
About
Infocast’s ERCOT Market Summit will provide insights into how impending industry changes will drive the market. Bringing policymakers together with utility, solar, wind, IPP, finance and trading executives to explore the future of this massive power market. Attendees will examine the impacts on resource adequacy, power prices, project siting and bankability, and how best to meet the shifting needs of commercial, industrial and retail customers.
Panel: Meeting Resource Adequacy Needs—Establishing an Effective and Economic Backstop Reliability Service
Wednesday, February 22 | 10:00-11:00 am
In the aftermath of Winter Storm Uri policymakers rightly focused much of their attention on assuring reliability. The recently formed Reliability Markets Committee is poised to make recommendations on how to address long-term concerns through developing a new dynamic, flexible service to address specific reliability needs not met by ERCOT’s real-time and ancillary services markets. This would be used to procure both new and existing dispatchable resources to help prevent emergency conditions. This panel will explore:
- How will seasonal net load variability, low-probability/high-impact scenarios be addressed?
- What specific minimum and maximum start-time and duration requirements should be met?
- What non-performance penalties and claw back of payment for noncompliance are being considered?
- Can generation resources that will truly serve as a backstop be deployed without negatively impacting real-time energy prices?
- How will these provisions interact with other long-term market design enhancements?
- Does ERCOT need a new reliability paradigm?
Panelists
- Ian Haley, Senior Director, ERCOT Regulatory Policy, VISTRA
- Kevin Hanson, Principal Analyst – Strategy Development, NATIONAL GRID
- Katie Rich, Manager, Regulatory & Market Advocacy, GOLDEN SPREAD ELECTRIC COOP
Meet a Member of Our Team at the Conference!
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Featured Speaker
Kevin Hanson
Principal Analyst – Strategy Development
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Headquartered out of Minneapolis, National Grid Renewables is a national leader in renewable energy project development, construction, operations, and ownership.