DATE TO BE ANNOUNCED SOON
WPTF Houston Roundtable
BP Energy Headquarters
201 Helios Way, Houston, TX 77079
The rapid adoption of renewable resources will likely change the nature of the energy price in most regions in a very dramatic way. Given that these units have near-zero marginal costs, the need to find a new model to procure and compensate resources necessary to balance the system is needed. Given that thermal resources are the most likely units needed for resource adequacy (RA) for the immediate future, a new RA product that does not merely “count” megawatts but rather necessary attributes for reliability should be the focus.
While the change in the resource mix that is driving this need is most acute in the coastal West where aggressive state policies are popular, the trend is likely to be replicated in most other regions. WPTF members will join market design experts in this discussion on Friday, March 20 from 8:30 to Noon with a lunch to follow.
The agenda below refers to speakers and times. As with all WPTF Roundtables, the point is to engage each other in discussion so presentations are meant to stimulate and build a conversation.
8:00 a.m. Coffee, check-in
8:30 a.m. Introductions
8:45 a.m. Cathy Kim, Portland General. Cathy will discuss how RA (outside of California) has been traditionally done in the West and will apprise the group of current efforts inside the Northwest Power Pool (NWPP) to work on a regional approach to RA procurement. Discussion by the group.
9:45 a.m. Susan Pope of FTI Consulting. Susan will discuss the possibility of a increasing incentives to procure Operating Reserves as a way to satisfy a bilateral market for procuring RA. Discussion by the group.
10:45 a.m. Representative from CAISO (TBD). California has its own RA program which is currently undergoing review by both the CPUC and the CAISO. However, CAISO has been working with the EIM entities and will share views on a possible future RA procurement that is consistent with future reliability needs.
11:45 a.m. Round robin by the group to share what they took away from the discussion.
12:00 p.m. Lunch
If you are interested in attending the Houston Roundtable, please email firstname.lastname@example.org