LBS GES 2014 - Tempus Energy - Sara Bell
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LBS GES 2014 - Tempus Energy - Sara Bell
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WHERE'S WALDO? THE INCREDIBLE PAPER CHASE
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This presentation by Frank WOLAK, Professor of Economics at Stanford University and Director of the Program on Energy and Sustainable Development was made during the discussion “Radical innovation in the electricity sector” held at the 63rd meeting of the OECD Working Party No. 2 on Competition and Regulation on 19 June 2017. More papers and presentations on the topic can be found out at oe.cd/1ZW.Radical Innovation in the Electricity Sector – Frank WOLAK - Stanford Univers...
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This presentation by Frank WOLAK, Professor of Economics at Stanford University and Director of the Program on Energy and Sustainable Development was made during the discussion “Radical innovation in the electricity sector” held at the 63rd meeting of the OECD Working Party No. 2 on Competition and Regulation on 19 June 2017. More papers and presentations on the topic can be found out at oe.cd/1ZW.Radical Innovation in the Electricity Sector – Frank WOLAK - Stanford Univers...
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LBS GES 2014 - Tempus Energy - Sara Bell
- 1. “The Global Electricity Revolution for Consumers” 27th November 2014
- 3. As more intermittent renewable generation comes online, balancing the system becomes increasingly difficult and expensive
- 4. NO KIDDING!
- 5. Higher cost of credit for independent generator developers Reliance on consumer subsidies for renewables Illiquidity In wholesale power market & PPA market Burdensome collateral requirements for independent suppliers Higher network charges Lower power price received by independent renewable generators
- 6. Increase supply market competition Provide network capacity, reducing future need for reinforcements Enable utilisation of renewable generation, without need for gas as a ‘balancing fuel’ Boost wholesale market liquidity Drive renewable investment by reducing cost of credit
- 7. Smart homes make me feel so wired!
- 8. 1. Open trading for power over 1 MW 1. Fair Capacity Market terms for flexible customers 1. Smart metering & half-hourly settlement for all customers 1. Electricity price paid reflects true value created in system TEMPUS ENERGY xoxoxox