The Role of Shale Gas In Electric Power Markets
August 2, 2017
Online :: 1:00 - 2:30 p.m. Eastern

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Overview

In the past five years, the shale gas fracking revolution has dramatically altered electricity markets. With the prevalence of natural gas fired generation, marginal electricity prices closely track natural gas prices. Even with the emergence of alternative energy sources such as wind and solar, gas will be in the driver’s seat for some time to come.

As a result, it is critical to understand the underlying dynamics driving natural gas markets, both on the supply and demand side.

This webcast will explain the close nexus between natural gas and electricity pricing. It will also discuss the technologies involved in producing shale gas and the critical dynamics that continue to drive production prices lower. At the same time, we will look at the pressures on the supply side – including LNG exports and industrial demand – that may affect the long-term supply-demand dynamic and long-term prices.

The presenter has followed natural gas and power markets since his initial involvement in competitive retail energy in 1997.  He tracks gas patch and electric market dynamics as part of his consulting business. He will leave time for audience questions at the conclusion of the webcast.

Learning Outcomes

  • Review the nexus between natural gas and electric power markets
  • Describe the shale gas resource and how it differs from ‘conventional’ gas plays
  • Describe the land leasing process and how that impacts drilling schedules
  • Review the technologies used in shale gas fracking, and rapid improvement in technological efficiencies leading to increased supply
  • Evaluate the other claimants to the U.S. gas, including LNG exports and use of gas as petrochemical feedstock and how they affect the demand equation
  • Assess the supply/demand dynamic for gas and how that affects long-term electricity price outlook

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 0.2 CEUs for this event.

 

Requirements

Participants must be logged on for the entirety of the webinar to be eligible for continuing education credit.

Instructional Methods

A Web-based PowerPoint presentation.

Agenda

The Nexus Between Natural Gas and Electricity
  • A discussion of the role of natural gas-fired generation as the marginal resource in electricity markets
  • A review of the historical dynamics affecting gas prior to the shale revolution
  • An overview of the step function in gas pricing since that time
The Supply Side: Shale Leasing and Drilling
  • An outline of how leasing works and why that initially affected drilling strategies and supply
  • A discussion of the rationalization of gas markets, the interplay between oil and gas shales, and associated ‘free’ gas
  • A review of the evolution in fracking technologies over the past five years and impacts on cost
The Demand Side
  • A high-level discussion of how U.S. gas is consumed in power, petrochemical, LNG and other sectors.
  • A review of natural gas in the petrochemical industry
  • An evaluation of LNG economics and market share
  • A discussion of the factors affecting the supply-demand equation and potential long-term impact on electric power prices

Instructor

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.

Mr. 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.

Register

You can purchase a downloadable recording of this event instead of the CD-ROM version.

Event Standard RateAttendees
CD-ROM Recording US $ 295.00
On-Demand Download US $ 295.00