Welcome. PJM 2016

Transcription

1 Welcome 1

2 Welcome, Overview of Agenda and Housekeeping Stu Bresler Senior VP, Operations and Markets PJM Interconnection

3 Agenda- Morning 8:00 a.m. Continental Breakfast 9:00 a.m. Plenary Session Opening Remarks Hon. Tony Clark Commissioner Federal Energy Regulatory Committee 10:00 a.m. Break Panel Discussions - Panel 1: Defining the Problem Panelists: Craig Glazer Vice President Federal Government Policy, PJM Interconnection Marc Montalvo President Principal Consultant, Daymark Energy Advisors 10:15 a.m. Panel Discussions Panel 2: Traditional Responses/Solutions to the Problem Moderator Hung-po Chao Senior Director, Economics Markets, PJM Interconnection Panelists: Dr. Joseph Bowring President, Monitoring Analytics Steven Schleimer Senior Vice President Government & Regulatory Affairs, Calpine Corporation Susan E. Bruce Member, McNees Wallace & Nurick LLC James F. Wilson Principal, Wilson Energy Economics Lisa G. McAlister Deputy General Counsel, American Municipal Power Noon Break & Lunch 3

4 Agenda- Afternoon 1:00 p.m. Panel 3: Alternatives to Traditional Solutions Moderator Vince Duane - Senior Vice President - Law, Compliance & External Relations, PJM Interconnection Panelists: William Berg Vice President Wholesale Market Development, Exelon Generation Co., LLC Peter Fuller Vice President Market & Regulatory Affairs, NRG Energy, Inc. Stu Bresler Senior VP, Operations and Markets, PJM Interconnection Raymond DePillo Senior Director Market Development, PSEG Energy Resources and Trade, LLC John Moore Senior Attorney Sustainable FERC Project, NRDC 2:45 p.m. Closing Remarks: Andy Ott President and CEO, PJM Interconnection 4

5 Opening Remarks Hon. Tony Clark Commissioner Federal Energy Regulatory Committee

6 Panel Discussions Panel 1: Defining the Problem Craig Glazer Vice President Federal Government Policy PJM Interconnection Marc Montalvo President Principal Consultant Daymark Energy Advisors Grid 2020: Focus on Public Policy and Market Efficiency August 18,

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13 Defining the Problem Many competing objectives Ensuring reliability Reducing Greenhouse Gas emissions Supporting renewable technologies Containing costs Preserving economic competitiveness and jobs 13

14 New England Region Source: ISO-NE presentation: Can Wholesale Markets Satisfy Public Goals? 14

15 New England Region 60% Percent of Total Electric Energy Production by Fuel Type 50% 40% 30% 20% 10% 0% Nuclear Oil Coal Natural Gas Hydro and other Renewables Pumped storage Source: 2010 and 2015 data from ISO-NE; 2030 Daymark Energy Advisors estimates 15

16 NYISO Region Clean Energy Standard Reform Energy Vision (REV) Distribution vs Transmission Challenges Rate Design/Market Design Source: Power Trends NYISO 16

17 NYISO Region The NY Clean Energy Standard mandates 50% Renewables by Wind Generation in New York: Installed Capacity Source: Power Trends NYISO

18 CAISO Region RPS Goal = 50% by 2030 CAISO developed a Flexible Ramping Product Energy Balancing Market Targeted Capacity Contracting Source: CAISO Energy and Aggregated DER Forum 18

19 SPP Region TX, NM, MO have RPS Coal plant viability impacts reliability Source: SNL Financial Source: Clean Power Plan s Reliability Impact conducted by SPP 19

20 Fully Rate Regulated Regions are Impacted Extreme Case of Duck Curve Who pays for reliability? Hawaii s Gov. David Ige signed into law a 100% renewable energy mandate by 2045 Source: Hawaii Electric Companies Hawaii system peak 1,500 MW Solar almost 35% of peak load KAUI is an extreme case with high PV penetration Source: Clean Technica 20

21 Thank you Let s continue the conversation 21

22 Panel Discussions Panel 1: Defining the Problem Questions In Room: Microphones are located in the center aisles On Phone/ Webex: Callers should press *1 to be placed into the queue 22

23 Networking/ Break

24 Panel Discussions Panel 2: Traditional Responses/Solutions to the Problem Moderator: Dr. Hung-po Chao Senior Director, Economics Markets, PJM Interconnection Panelists: Dr. Joseph Bowring President, Monitoring Analytics Steven Schleimer Senior Vice President Government & Regulatory Affairs, Calpine Corporation Susan E. Bruce Member, McNees Wallace & Nurick LLC James F. Wilson Principal, Wilson Energy Economics Lisa G. McAlister Deputy General Counsel, American Municipal Power 24

25 Panel Discussions Panel 2: Traditional Responses/Solutions to the Problem Questions In Room: Microphones are located in the center aisles On Phone/ Webex: Callers should press *1 to be placed into the queue 25

26 Lunch Break

27 JOIN YOUR COLLEAGUES for the next PJM Grid 20/20 Symposium focusing on Distributed Energy Resources Keynote speaker: Dr. Michael Caramanis. Ph.D. Boston University SEPTEMBER 20 21, 2016 HYATT REGENCY MCCORMICK PLACE CHICAGO, IL Need more info? Visit grid2020.pjm.com or contact: 27

28 Panel Discussions Panel 3: Alternatives to Traditional Solutions Moderator: Vince Duane - Senior Vice President - Law, Compliance & External Relations, PJM Interconnection Panelists: William Berg Vice President Wholesale Market Development, Exelon Generation Co., LLC Peter Fuller Vice President Market & Regulatory Affairs, NRG Energy, Inc. Stu Bresler Senior VP Operations and Markets, PJM Interconnection Raymond DePillo Senior Director Market Development, PSEG Energy Resources and Trade, LLC John Moore Senior Attorney Sustainable FERC Project, NRDC 28

29 Offered Supply and Demand Curve 29

30 Stage 1: Subsidized Supply Offers and Equivalent Demand Removed 30

31 Stage 2: Subsidized Offers Re-Introduced at Reference Prices; Original Demand Curve Used 31

32 Panel Discussions Panel 3: Alternatives to Traditional Solutions Questions In Room: Microphones are located in the center aisles On Phone/ Webex: Callers should press *1 to be placed into the queue 32

33 Closing Remarks Andy Ott President & CEO PJM Interconnection

34 Thank You 34

35 JOIN YOUR COLLEAGUES for the next PJM Grid 20/20 Symposium focusing on Distributed Energy Resources Keynote speaker: Dr. Michael Caramanis. Ph.D. Boston University SEPTEMBER 20 21, 2016 HYATT REGENCY MCCORMICK PLACE CHICAGO, IL Need more info? Visit grid2020.pjm.com or contact: 35