Flexible and Fast Response Capacity Measures In Energy Markets
May 18-19, 2017
Sacramento, CA

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Overview

The increasing penetration of renewable energy resources — combined with the gradual but inexorable shift away from traditional baseload generation and other changes in the grid profile — are creating new challenges for utilities/load-serving entities, balancing area authorities and transmission system operators. The increasing need for flexible response, fast ramping and balancing resource options has led to definition of new products and prospective solutions for energy markets. It has also stimulated efforts to create incentives for such flexible resource characteristics over a long-term planning timeframe to ensure grid stability and reliability.

This program will explore what North American and international utilities, load-serving entities, merchant generators, balancing authorities, and regional transmission system operators are doing to define, evaluate and implement strategies that allow their systems to better integrate flexible resource approaches into their operations. It will examine how the need for flexibility is changing due to wind and solar integration, distributed generation, smart grid innovations and other shifts in the resource mix. In addition, it will describe how grid managers must prepare their plans to ensure adequate flexibility, detailing the characteristics of existing and new ancillary services and performance incentives to meet these needs. Ideas under consideration for multi-year forward incentives and/or procurement of the required characteristics will be discussed. The program will also assess the role that market participants, project developers, and technology providers will play in bringing these services, products, and other flexible resource strategies to market. Finally, it will consider the likely “winners and losers” in the process.

Learning Outcomes

  • Discuss why the issues of flexible resources in grid operations is an issue that now affects utilities, load-serving entities, merchant generators, balance authorities and ISOs
  • Discuss the impacts that flexible resources have on power system planning issues
  • Identify planning tools to project short-term and long-term sub-hour flexibility requirements
  • Evaluate specific modeling approaches for aligning operational requirements to meet flexibility needs
  • Assess through case studies what some utilities have done to evaluate their need for flexibility
  • Analyze what technology options are available as solutions to meet grid flexibility
  • Consider how various ISOs are Incorporating intra-hour bidding and marketing
  • Review market-based initiatives undertaken by ISOs and power balancing jurisdictions and track what outcomes they are yielding

Credits

EUCI has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).  In obtaining this accreditation, EUCI has demonstrated that it  complies with the ANSI/IACET Standard which is recognized internationally as a standard of good practice. As a result of their Authorized Provider status, EUCI is authorized to offer IACET CEUs for its programs that qualify under the ANSI/IACET Standard.

EUCI is authorized by IACET to offer 1.1 CEUs for this conference and 0.4 CEUs for the workshop.

 

Requirements for Successful Completion of Program

Participants must sign in/out each day and be in attendance for the entirety of the course to be eligible for any continuing education credit.

Instructional Methods

PowerPoint presentations, case studies, and workshop exercises will be used in this conference.

Agenda

Thursday, May 18, 2017

8:00 – 8:30 a.m. :: Registration and Continental Breakfast


8:30 – 10:00 a.m. :: What is Flexibility and Why Are Flexible Resources a Big Issue Now ?

  • Flexibility described
  • What are the changes that make flexibility important
  • Where and why it is needed now

Alex Papalexopoulos, President & CEO, ECCO International, Inc. (ECCO)

10:00 – 10:20 a.m. :: Morning Break


10:20 – 11:45 a.m. :: Evaluating Flexibility Exposure at Utility, Balancing Area and System Operator (Organized Market) Levels

  • Short term identification and actions
  • Long-term identification and actions

Alex Papalexopoulos, President & CEO, ECCO International, Inc. (ECCO) 

Clyde Loutan, Sr. Advisor – Renewable Energy Integration, Market Analysis and Development, California ISO (CAISO)

11:45 a.m. – 12:45 p.m. :: Group Luncheon


12:45 –2:15 p.m. :: Flexible Resource Generation: What Technology Options Are Available

  • Gas generation
    • Combustion turbines
    • Reciprocating engines
  • Demand response
  • Storage
    • Battery
    • Other technologies

Thomas Graves, Market Strategist, Burns & McDonnell

Peter Schwartz, Analyst – Building Technology and Urban Systems Division, Lawrence Berkeley National Laboratory (LBNL)


2:15 – 3:30 p.m. :: Flexibility Planning and Modeling Considerations

  • Flexibility planning framework
  • Analytical tools
  • Flexibility modeling
  • Application of integration models

Nick Schlag, Senior Consultant, Energy and Environmental Economics (E3)

3:30 – 3:45 p.m. :: Afternoon Break


3:45 – 5:15 p.m. :: Flexible Resources in Action

  • ISO projections vs actual flexibility needs
  • Assessment of multiple variables and their impact on flexibility requirements
  • Utility/load-serving entity case studies

Clyde Loutan, Sr. Advisor – Renewable Energy Integration, Market Analysis and Development, California ISO (CAISO)

Alex Papalexopoulos, President & CEO, ECCO International, Inc. (ECCO)

5:15 p.m. :: Program Concludes for the Day


Friday, May 19, 2017

7:30 – 8:00 a.m. :: Continental Breakfast


8:00 – 10:00 a.m. :: Flexible Resource Mechanisms in Re-structured Markets

  • FERC Orders and directives
  • Power market design elements
  • Market changes and new products
  • ERCOT
  • PJM
  • NYISO
  • CAISO
  • European Union
  • Demand response
  • Distributed energy resources (DERs) and Virtual power plants (VPPs)

Alex Papalexopoulos, President & CEO, ECCO International, Inc. (ECCO)

10:00 – 10:30 a.m. :: Networking Break


10:30 – 11:45 a.m. :: How Important Will Flexible Resources Be Going Forward?

  • Solving policy issues
  • Addressing customer and stakeholder issues
  • Balancing the need for capital with the need to do something

Alex Papalexopoulos, President & CEO, ECCO International, Inc. (ECCO)

Nick Schlag, Senior Consultant, Energy and Environmental Economics (E3)

Kelly Murphy, Director, Steffes

Workshop

Revenue Opportunities Involving Flexible and Fast Response Market Strategies

Friday, May 19, 2017

Overview

This post-course workshop provides a detailed examination of strategies in which current and future opportunities exist for market participants to offer in flexible and fast response products or services. 

Learning Outcomes

  • Identify the flexibility resources that can be offered into specific markets
  • Evaluate the revenue margins that different flexibility products can offer
  • Discuss the impact of the proposed FERC NOPR and Orders on the products and margins associated with flexibility products
  • Assess the risk/reward organizational appetite for developing and/or marketing dedicated flexibility services

Agenda

12:30 – 1:00 p.m. :: Registration

1:00 – 4:45 p.m. :: Workshop Timing

  1. Transition from Guaranteed High Value Energy Payments to Markets
  2. Current Market Structures
  3. Revenue Opportunities from the Ancillary Services Markets
  4. Revenue Opportunities from the Regulation Energy Management Process
  5. Opportunities from Resource Aggregation
  6. Opportunities from new AS Products and Services
  7. Revenue Opportunities in the Energy Market
  8. Revenue Opportunities in the Capacity Markets
  9. Specific examples from the CAISO, PJM, ERCOT, NYISO and EU markets
  10. PPAs, Risk/Reward Analysis and Organization Readiness

4:45 p.m. :: Workshop Adjourns

INSTRUCTORS

Alex Papalexopoulos, President & CEO, ECCO International, Inc.

Dr. Alex Papalexopoulos is CEO and founder of ECCO International, a specialized energy consulting and software company, which provides consulting and software services and expert advice worldwide to a wide range of clients such as governments, utilities, independent system operators and regional transmission operators, power exchanges, regulators, marketers, brokers and software vendors. These services range from strategic planning, electricity market design and implementation, system and market operations and planning, market simulation studies and renewable energy resource modeling and analysis. Dr. Alex Papalexopoulos has designed some of the most complex energy markets in the world including North and South America, Western and Eastern Europe and Asia. He is currently the key designer of the energy markets in Greece, Poland and Cyprus. He was the technical lead of the MRTU Nodal market redesign for the CAISO. Prior to forming ECCO International in 1998, Dr. Papalexopoulos was a director of the Pacific Gas & Electric Company’s electric industry restructuring group in San Francisco, California. In that capacity, he became heavily involved in the California energy industry restructuring effort since its inception in 1994. He was one of the key energy market designers of the California Power Exchange and the California Independent System Operator (CAISO).

 

Tom Cook, Director – Renewable Integration, ECCO International, Inc.

Tom Cook is Director of Renewable Integration, ECCO International, an energy consulting company providing consulting services on electricity market design, power systems, energy management systems and financial settlement systems within and outside the U.S. to a broad range of clients including regulators, governments, utilities, independent system operators as well as regional transmission organizations, power exchanges, marketers, developers, brokers, and software vendors.  In his role at ECCO, he has supported multiple engagements focused on origination, PPA negotiation, risk analysis, finance, and dispute resolution.  Prior to joining ECCO International, Mr. Cook served over 30 years in the electric utility industry. The last 5 years were as Manager of Contract Compliance and Analysis for Southern California Edison (SCE).  His experience includes origination, negotiation, administration, and financial settlement for conventional, CHP, transmission, gas, wind, solar, and geo-thermal contracts. While at SCE, he exercised oversight of a resource portfolio with over $5 billion in annual invoicing. He has a wide background in power plant and system operations and maintenance, reliability, and root cause analysis, along with instrumentation and distributed control systems. In addition to his MBA from Pepperdine University, he possesses certificates in Statistical Process Control, and Six Sigma Lean from several universities.

Speakers

Tom Cook, Director – Renewable Integration, ECCO International, Inc.

Thomas Graves, Market Strategist, Burns & McDonnell

Clyde Loutan, Sr. Advisor – Renewable Energy Integration, Market Analysis and Development, California ISO (CAISO)

Kelly Murphy, Director, Steffes

Alex Papalexopoulos, President & CEO, ECCO International, Inc. (ECCO)

Nick Schlag, Senior Consultant, Energy and Environmental Economics (E3)

Peter Schwartz, Analyst – Building Technology and Urban Systems Division, Lawrence Berkeley National Laboratory (LBNL)

Location

Hyatt Regency Sacramento
1209 L Street
Sacramento, CA 95814

To reserve your room, please call 1-916-443-1234
Please indicate that you are with the EUCI group to receive the group rate.

Or you can book your room online using this link https://resweb.passkey.com/go/2017EUC2

Room Rate:

The room rate is $229.00 single or double plus applicable taxes.

Room Block Dates:

A room block has been reserved for the nights of May 15 – 18, 2017.

Rate Available Until:

Make your reservations prior to April 15, 2017. There are a limited number of rooms available at the conference rate. Please make your reservations early.

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