ERCOT Market Summit
The largest reforms in the history of ERCOT will be implemented over the next two years. Multiple market and rule reforms will bring enormous changes to how power sales will be rewarded, introduce new products and services to increase reliability and resilience, and, potentially, will initiate a loan guarantee and grant program aimed at jump-starting investment in dispatchable generation, BTM energy assets, and transmission infrastructure. And the potential remains for more drastic energy legislation to impact the ERCOT market in the future.
At the same time these multiple reforms will be implemented in ERCOT, a series of external shifts and challenges will be hitting the Texas power sector as well. Massive additions to load, an avalanche of new storage and generation capacity, more extreme weather, and growing price volatility will increase risks, open new opportunities, and create headaches for power asset owners, developers, wirecos, QSEs and investors. How will these changes impact market participants, and how are they planning to deal with the ongoing policy and market uncertainties?
Infocast’s ERCOT Market Summit will provide an unparalleled deep dive into these impending changes, and provide serious insights into the directions they will drive the market. A stellar group of policymakers together with utility, solar, wind, IPP, finance, and trading executives will explore the tumultuous future of this massive power market, and examine the impacts on resource adequacy, power prices, project siting and bankability, and how to best 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?
- 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!
Vice President, Origination
Senior Manager, Origination
Senior Director of Origination
Senior Development Manager
Kiran Kota (Naga)
Director - Transmission, ERCOT
Senior Director - Asset Management
Asset Management Analyst