Policy makers and senior executives gather to assess resource adequacy problems and opportunities for new generation build, demand response and energy storage
- Impacts of the new price ceiling on generation construction starts
- Policy changes being considered to drive new construction and the use of alternative energy technologies
- The potential of demand response and energy storage to be game changers
- Financeability and investment opportunities for new projects
Texas Facing Power Market Issues Texas is facing a serious resource adequacy problem: by 2014 reserve margins are likely to fall to an untenable level below 10%. Even in the best of situations such a large generation build out would be challenging, but low gas prices and inadequate signals from the ERCOT market have stifled new plant construction even as demand grew 20% over the past five years. In response, the Texas PUC doubled price ceilings in August 2012, still well short of the $9000/MWh advocated to trigger a substantial build out. With power shortages looming, what combination of generation build, demand response and energy storage will provide near- and longerterm relief? Why You Need to Attend ERCOT Market Summit 2013 will examine the current market drivers, and bring policy-makers together with utility, IPP, DR, energy storage executives and other stakeholders to explore the possible opportunities to solve resource adequacy problems. They will examine the impacts of power price rises on generation project viability, as well as whether further price increases, market changes or legislation needs to be implemented to effectuate a solution. They will also explore the role of demand response, energy storage and other potential game-changing technologies in solving near-term adequacy problems, and what changes might need to be made to better integrate them in the ERCOT market. Finally, financiers will provide their perspectives on investment in and financeability of projects in the ERCOT market.
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