I gave this presentation at the 2010 EPIS Electric Market Forecasting Conference. The attendees of this conference were all users of the AURORAxmp electric market simulation application so the implementation of the concepts are specific to AURORAxmp but the concepts themselves are generally applicable
A discussion of the issues related to California PUC's feed-in tariff case at FERC. FERC held that the Federal Power Act preempts a state from setting a feed-in tariff, but states may rely on PURPA as a basis for a feed-in
A discussion of the issues related to California PUC's feed-in tariff case at FERC. FERC held that the Federal Power Act preempts a state from setting a feed-in tariff, but states may rely on PURPA as a basis for a feed-in
June 15, 2011
Susan Covino's presentation from America’s Sustainable Future: How U.S. Cities Are Making Energy Work, an invitational conference of public-private partnership efforts from U.S. cities pursuing innovative energy management and smart grid initiatives. The assembled leaders in industry, research and policy-making will explore the diverse energy strategies emerging in Philadelphia and across the United States.
“We’re really looking forward to both learning from the great examples set by other cities represented in the conference, and showing off the groundbreaking work happening right here in Philadelphia,” says Laurie Actman, Viridity Energy’s director of strategic partnerships and public policy.
“With smart ideas and smart policy, we should be able to build support for smart grid projects and microgrids at the federal, state and local level.”"Energy technology is changing at such a rapid pace, it's crucial to examine who's doing it right in smart grid and microgrid projects all around the country," says Eugenie Birch, Penn IUR co-director.
"With the right policy moves—which we'll be exploring at the conference—Philadelphia can be a national leader in energy innovation," noted Susan Wachter, Penn IUR co-director.
January 2016: Oregon Clean Fuels Program, Jordan Ramer of EV Connect Forth
Charging station network operator EV Connect presented at our January 2016 event on the Oregon Clean Fuels Program. President Jordan Ramer explained why his firm decided to register as a credit generator under the California Low Carbon Fuel Standard, a program similar to the Oregon Clean Fuels program, and the firm's experiences thus far.
Latin American Wind Power Market Blowing Strong | An Aranca InfographicAranca
Latin American countries are undertaking various initiatives for developing the wind power sector in order to deal with increasing electricity prices and energy demand. Relaxation of norms and government policies regarding competition, in some countries, is expected to further strengthen the region's wind power sector.
This presentation by Lucian Pugliaresi, President, Energy Policy Research Foundation (EPRINC), was made during the launch of the report on the "Mexican Competition Assessment in the Gas Sector" held on 23 July 2019 in Mexico. More information on the report and the highlights brochure in English and Spanish can be found out at http://www.oecd.org/daf/competition/oecd-competition-assessment-mexico-2019.htm.
June 15, 2011
Susan Covino's presentation from America’s Sustainable Future: How U.S. Cities Are Making Energy Work, an invitational conference of public-private partnership efforts from U.S. cities pursuing innovative energy management and smart grid initiatives. The assembled leaders in industry, research and policy-making will explore the diverse energy strategies emerging in Philadelphia and across the United States.
“We’re really looking forward to both learning from the great examples set by other cities represented in the conference, and showing off the groundbreaking work happening right here in Philadelphia,” says Laurie Actman, Viridity Energy’s director of strategic partnerships and public policy.
“With smart ideas and smart policy, we should be able to build support for smart grid projects and microgrids at the federal, state and local level.”"Energy technology is changing at such a rapid pace, it's crucial to examine who's doing it right in smart grid and microgrid projects all around the country," says Eugenie Birch, Penn IUR co-director.
"With the right policy moves—which we'll be exploring at the conference—Philadelphia can be a national leader in energy innovation," noted Susan Wachter, Penn IUR co-director.
January 2016: Oregon Clean Fuels Program, Jordan Ramer of EV Connect Forth
Charging station network operator EV Connect presented at our January 2016 event on the Oregon Clean Fuels Program. President Jordan Ramer explained why his firm decided to register as a credit generator under the California Low Carbon Fuel Standard, a program similar to the Oregon Clean Fuels program, and the firm's experiences thus far.
Latin American Wind Power Market Blowing Strong | An Aranca InfographicAranca
Latin American countries are undertaking various initiatives for developing the wind power sector in order to deal with increasing electricity prices and energy demand. Relaxation of norms and government policies regarding competition, in some countries, is expected to further strengthen the region's wind power sector.
This presentation by Lucian Pugliaresi, President, Energy Policy Research Foundation (EPRINC), was made during the launch of the report on the "Mexican Competition Assessment in the Gas Sector" held on 23 July 2019 in Mexico. More information on the report and the highlights brochure in English and Spanish can be found out at http://www.oecd.org/daf/competition/oecd-competition-assessment-mexico-2019.htm.
NGO data manipulation of financial markets?
Everywhere data has been manipulated to suite or fit
the Greenpeace & Co 100% WindSolar UTOPIA?
Not 1 word on Methane 10,000 billion tons of Gas? Puts long term large Green Energy investment decisions into an unforeseeable level of risk, as the go no go or careful timing for these very capital intensive investments in the long term, is suddenly unimaginable or non existing 4 the investor = Not a word Not 1 in Carbon Tracker?
The ScottMadden Energy Industry Update – August 2014ScottMadden, Inc.
We are pleased to announce our Summer 2014 issue of the ScottMadden Energy Industry Update. This semi-annual publication offers our view of major events and emerging trends in the energy industry.
The energy and utility industries continue to anticipate and react to potential fundamental shifts in the 100+ year-old model of investment, regulation, and earnings. Policy and regulatory changes are big factors driving the design of the new landscape. For many of these changes, significant investment in existing and new infrastructure is needed across all parts of the energy value chain. And by the way, load growth is no longer, so investment and cost recovery are uncertain. Themed “I Feel the Earth Move under My Feet,” this issue surveys a broad array of strategic issues.
For more information, please visit www.scottmadden.com.
Marc Montalvo, Daymark Energy Advisors President and Principal Consultant, was a featured speaker at the PJM Symposium "Grid 20/20: Focus on Public Policy Goals and Market Efficiency" on August 18, 2016. Find the full set of his slides from the event here, or view the event recording at http://www.pjm.com/committees-and-groups/stakeholder-meetings/symposiums-forums/grid-2020-public-policy-goals-mkt-efficiency.aspx
Design of Pareto optimal CO2 cap-and-trade policies for de.docxcarolinef5
Design of Pareto optimal CO2 cap-and-trade policies for deregulated electricity
networks
h i g h l i g h t s
A mathematical–statistical model for designing Pareto optimal CO2 cap-and-trade policies.
The model fills a gap in the current literature that primarily supports cap-and-trade policy evaluation but not policy design.
Pareto optimal policies accommodate conflicting goals of the market constituents.
Electricity demand-price sensitivity and social cost of carbon have significant influence on the cap-and-trade policies.
Higher demand-price sensitivity increases the influence of penalty and social cost of carbon on reducing carbon emissions.
a r t i c l e i n f o a b s t r a c t
Article history:
Received 15 August 2013
Received in revised form 2 January 2014
Accepted 4 January 2014
Keywords:
Electricity networks
Cap-and-trade
Game theory
MPEC/EPEC
Among the CO2 emission reduction programs, cap-and-trade (C&T) is one of the most used policies. Economic studies have
shown that C&T policies for electricity networks, while reducing emissions, will likely increase price and decrease consumption
of electricity. This paper presents a two layer mathematical– statistical model to develop Pareto optimal designs for CO2 cap-
and-trade policies. The bottom layer finds, for a given C&T policy, equilibrium bidding strategies of the competing generators
while maximizing social welfare via a DC optimal power flow (DC-OPF) model. We refer to this layer as policy evaluation.
The top layer (called policy optimization) involves design of Pareto optimal C&T policies over a planning horizon. The
performance measures that are considered for the purpose of design are social welfare and the corresponding system marginal
price (MP), CO2 emissions, and electricity consumption level.
2014 Elsevier Ltd. All rights reserved.
1. Introduction
A major part of the total CO2 emissions come from the electricity
production sector, e.g., 40% in the U.S. ([1]). In 2009, 70% of the electricity
was produced from fossil fuel such as gas, coal, and petroleum ([2]). In 2005,
the European Union Emissions Trading System (EU ETS) launched a cap-
and-trade system that seeks to reduce the greenhouse gas (GHG) emissions
by 21% by 2020 from the 2005 level. Currently, the EU ETS is the largest
emission market in the world [3], and according to the European Commission
[4], at least 20% of its budget for 2014–2020 will be spent on climate-related
projects and policies. In the United States, as well as in the EU, different
regulations have been discussed to cut CO2 emissions such as carbon tax,
renewable portfolio standards (RPS), and capand-trade programs (C&T). In
the northeastern U.S., the Regional Greenhouse Gas Initiative (RGGI) has
already implemented a C&T program through a nine state collaborative effort,
which seeks to cut the CO2 emissions by 10% by 2018. Recently the
California Air Resources Board .
Poyry - From ambition to reality? – Decarbonisation of the European electrici...Pöyry
Decarbonisation of the electricity sector is central to Europe’s plans to reduce carbon emissions in an effort to tackle climate change. But the policy and market design
framework for delivering decarbonisation remains uncertain.
This semi-annual publication features our view of recent significant events and emerging trends in the energy industry. Themed “Managing with Uncertainty Fatigue,” this issue highlights the continuous challenges faced by the energy companies. Despite political and regulatory uncertainty in this election year, companies are running out of time in crafting adaptive strategies and are making substantial investment (and disinvestment) decisions despite this uncertainty.
A sham "study" cooked up by a group of people with conflicts of interest for anti-drilling, anti-fossil fuel Massachusetts Attorney General Maura Healey that supposedly "proves" New England doesn't need more natural gas than it has now.
SmartestEnergy: Introduction to the Electricity MarketFrancesca Schoultz
At the Scottish Renewables, Continued Professional Development Event on 6th July 2016, Iain Robertson, Generation Sales Manager presented an Introduction to the Electricity Market which covered: What is a PPA, How is power traded and the role of ELEXON.
SmartestEnergy: Introduction to the Electricity MarketSmartestEnergyLtd
At the Scottish Renewables, Continued Professional Development Event on 6th July 2016, Iain Robertson, Generation Sales Manager presented an Introduction to the Electricity Market which covered: What is a PPA, How is power traded and the role of ELEXON.
What is the best strategy to facilitate the decarbonization of existing tower...Josephine (Viet Ha) Pham
We put together this presentation for the 2017 Sustainability Innovations case competition organized by Rotman Net Impact at the Rotman School of Management. Our team came 3rd out of 12 teams from various MBA programs in the country.
EPA's Clean Power Plan: Basics and Implications of the Proposed CO2 Emissions...The Brattle Group
This presentation outlines:
- Key Aspects of the Proposed Rule
- EPA’s Projected Changes in Emissions and Fuel Use
- Wholesale Electricity Price Impacts
- Implications for Asset Values
Similar to Long Term Resource Planning in an Uncertain World (20)
EPA's Clean Power Plan: Basics and Implications of the Proposed CO2 Emissions...
Long Term Resource Planning in an Uncertain World
1. Long Term Resource Planning in the Face of an Uncertain Carbon Future Art Freitas La Capra Associates Inc. Presented By:Art FreitasLa Capra Associates 2010 Electric Market Forecasting Conference Presented To: September 17, 2010
22. Findings Assumptions of carbon allowance prices have a significant impact on resulting market prices for New England In the presence of low gas prices, carbon prices do not need to be very high before coal units are above the margin 9
23.
24. Client not only concerned with expected value but also the variance of the contract
25. Used the risk analysis functionality of Aurora to help analyze the problem10
71. Wholesale Market AnalysisProvides energy planning, market analysis, and regulatory policy services in electric and natural gas industries. PRACTICEAREAS:
Editor's Notes
New England went through a massive generation build at the end of the 90’s into early 2000’s10,000 MW highly efficient gas combined cycle plants builtOne third of NE generating stock turned overMiddle of the supply curve all looks the sameThroughout the decade with high gas prices coal was always below the marginThis has started to change in the last few yearsCoal is beginning to be the marginal resource in some hoursPartly due to lower loadsBig factor is low gas pricesThis is a theme that will feature prominently in our planning work
CT legislation requires CT utilities to file 10 year integrated resource plans regularlyCEAB decided that a 20 year IRP was needed as there were a number of issues that would need to be addressed more than 10 years out. Those issues, many of them environmental, had long lead times and so needed to be looked at now.LCA tasked with two main responsibilitiesreview the utility IRPdevelop an IRP with a 20 year planning horizon
Had an assumed shape, mean, standard deviation, and correlation with other driversInputs developed based on available information on outlook for carbon pricesAt this point information is pretty sparseEIA analysis of the Waxman-Markey billAny other information available on the potential price of carbonGave GMP negotiators an understanding of the behavior of the contract under current pricing termsHelped them negotiate terms that better reflected their risk tolerances and portfolio objectives while still being acceptable to the counterparty
More legislation to regulate carbon emissions being debatedPrimarily the American Power Act (Sen. Kerry and Sen. Lieberman Sponsors)EIA evaluation of this legislation not yet completePolitical landscape continuing to shiftDue to a number of reasons support for carbon legislation appeared to be erodingAs a result there is more uncertainty surrounding the future of carbonPrice levelTimeframe for implementationPossibility of no carbon legislation at allRepresentation of Carbon price in Phase I no longer seemed appropriate for environment
Discrete distribution seemed to better fit problem at handDiscrete distribution not one of the default distribution typesWorking closely with Customer Support a discrete distribution was implemented through the use of a computational dataset5 potential choicesEach choice has a different probability of occurrenceCorrelations between driver variables still maintained in this solution.Discrete distribution randomly picks a 20 year carbon price to include in the dispatch for each draw.5 choices are user specifiedEach choice represents a different outlook for implementation date and price level