In recent years, the power industry has been undergoing fundamental changes. Aging coal plants are being rapidly retired. Nuclear plants are asking for (and receiving) multi-billion dollar subsidies. And the only new capacity additions being built are wind farms, utility-scale and distributed solar, and high-efficiency gas plants.
As a consequence, the dynamics of power generation are changing as well. Solar and wind capital costs continue to fall, while the cost of generating a marginal kilowatt-hour is minimal (or even negative with the federal Production Tax Credit). Meanwhile, low-cost natural gas is resulting in extremely low wholesale power costs by historical standards. Existing conventional plants must deal with a changing environment where margins on kilowatt-hours are declining. One way they can make this up is through more flexible operating procedures.
This webinar will examine the ways in which wholesale power markets have changed in recent years, existing models, and solutions that may appear in the near future.
- Discuss the dynamics affecting the penetration rates and cost curves for wind and solar, geographic concentrations of new renewable resources
- Review the macro-level supply and demand dynamics of gas markets and influence on power prices
- Discuss resulting intermittent output of renewables and demands on generating assets
- Review wholesale market dynamics, including recently depressed power prices
- Assess the role of conventional generation in accommodating renewables and issues related to capacity, ancillary services, frequency regulation, and ‘pay-for-performance’ concepts
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 0.2 CEUs for this event.
Participants must be logged on for the entirety of the webinar to be eligible for continuing education credit.
A Web-based PowerPoint presentation.
Peter Kelly-Detwiler, Principal, NorthBridge Partners
Peter Kelly-Detwiler currently advises technology companies and customers concerning the integration of energy-consuming and producing assets into the power grid. He has 27 years of experience in the electric energy industry, with 15 years as an executive in competitive retail markets, since their inception in 1997. He served in various functions within the industry, including Director of Customer Care (East Coast) for NewEnergy Ventures. Prior to NorthBridge, he was Sr. Vice President of Constellation Energy’s Load Response group. In this function, he created this unit and oversaw its growth to become a business with approximately $80 mn in revenue, capable of dispatching 1700 MW of customer load.
Kelly-Detwiler lectures frequently, has appeared on public television, and is also a frequent contributor on energy-related issues (over 240 posts) to Forbes.com. In this latter capacity, he has written on topics related to wind, storage, electric vehicles, shale gas, LEDs and numerous other issues. He has interviewed executives from dozens of companies and helped to provide context and meaning in the discussion of new technologies and market developments. As a consultant, he has provided strategic support to Fortune 100 companies such as Nike and GE, and advised leading companies and start-ups in the renewable energy space.
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