Electric Utility Business Models of the Future
|
|
- Jemimah Knight
- 8 years ago
- Views:
Transcription
1 Electric Utility Business Models of the Future Presented to the IEE eforum Thursday, July 15, :00 a.m. 12:30 p.m. Eastern By: Peter Fox-Penner The Brattle Group 1850 M Street, NW Suite 1200 Washington, DC Views expressed in these slides are solely those of the author unless referred otherwise. Antitrust/Competition Commercial Damages Environmental Litigation and Regulation Forensic Economics Intellectual Property International Arbitration International Trade Product Liability Regulatory Finance and Accounting Risk Management Securities Tax Utility Regulatory Policy and Ratemaking Valuation Electric Power Financial Institutions Natural Gas Petroleum Pharmaceuticals, Medical Devices, and Biotechnology Telecommunications and Media Transportation
2 Overview 1) Brief Review of the Change Drivers 2) Energy Efficiency in a Changing Industry 3) Business Models of the Future 2
3 Electric Utilities Are Getting Hit By The Biggest Changes in Their History Climate Change and Renewable Energy Requirements Energy Efficiency Requirements and Overall Low Sales The Smart Grid Other Important Drivers: continued U.S. population growth high commodity prices prolonged recession 3
4 Credit Suisse: Hey, Rate Payers, Can You Spare a Trillion? Assumptions: EPA Compliance: $600/KW; RPS: 15% by 2020, Transmission Cost 1/3 of RPS Spend; Smart Meter: 85% Implementation; Nuclear Replacement: 25GW Replacement at $8000/KW Source: Impediments to Achieving the Vision, Dan Eggers, Presented to the Aspen Institute Energy Policy Forum July 3 rd, Based on Energy Velocity, NRC, Company Data, Credit Suisse Estimates 4
5 Energy Efficiency Policies Will Reduce Sales Energy Efficiency Resource Standards 18 states have EERS in place 3 states have pending EERS Waxman-Markey Bill: Require 20% EERS by 2020 Investments in EE, utilize 13% of allowance revenue Building standards: 50% more efficient in 2016 New appliance and vehicle standards State Energy Efficiency Utilities Delaware Vermont Source: Renewable Power & Energy Efficiency: Energy Efficiency Resource Standards (EERS) and Goals, FERC, Updated July 8, Updates at: 5
6 Total Electricity Industry Sales 5,000 4,500 4,000 3,500 3, Extended Actual Growth 1.06% / year EIA AEO % / year EPRI Forecast 0.67% / year Smart Power 0.16% / year 2,
7 The Smart Grid - Valuable and Disruptive Two way power and communications flow- valuable but disruptive. Source: Solar Energy Grid Integration Systems, U.S. Department of Energy Efficiency and Renewable Energy. 7
8 Old Business Model Under Assault Need for transmission and Smart Grid investments Carbon limits and RPS Rate case backlash Sell fewer and fewer kwh at higher and higher prices Yet required investments are trillions of dollars Population growth -- new hookups High construction and fuel costs Price elasticity lowers peak and sales 8
9 Amidst All This Change, What Will Happen To Energy Efficiency? 9
10 Energy Efficiency Policies in a Changing Industry Obama Administration firmly backs EE 21 States are putting EE mandates on regulated IOUs 22 States are giving utilities incentives to save energy PACE financing is currently an extremely hot topic ( But in the Long Run will EE be deployed through utilities? local governments? both? The answer has vital implications for the future of utilities. 10
11 Alternative Business Models 11
12 The Smart Integrator (SI) The Smart Integrator operates a regulated smart grid offering independent power and other services at regulated prices. Distribution company (distco) is private, incentive-regulated or publicly owned The distco integrates upstream supply, local supply and storage, and operates the smart grid to ensure reliable service Regulated prices apply to products sold: energy delivery, information, and grid management services May directly control some customer systems for grid management regulated tariff Emphasis is network operator, not commodity sales 12
13 The Energy Services Utility (ESU) The Energy Services Utility changes utility from a pipes-and-wires business to a customer-service-centric model: Unlike the smart integrator: The utility is strongly and directly incentivized to get into the business of energy efficiency and do it well The ESU might own and generate power or buy generation to bundle with energy service technology Other roles are the same as the smart integrator: Delivering energy Operating smart grid Dynamic pricing possibly less nodal A wide basket of products and services would be offered Prices set by COS or performance based regulation 13
14 Could Selling Energy Services Relieve Rate Increases? Lumens per dollars Source: Do real-output and real-wage measures capture reality? The history of light suggests not, from Nordhaus, William, The Economics of New Goods, University of Chicago Press, 1997 (29-70). 14
15 Lighting Technologies Will Continue to Improve... Source: McCabe, Michael. Technology Commercialization Showcase 2008 Buildings Technology Program, pre-read materials for the Technology Commercialization Showcase 2008, August
16 Dollars/Million Lumen Hour... And The Cost of Light Could Keep Falling Year Sources: McCabe, Michael. Technology Commercialization Showcase 2008 Buildings Technology Program, pre-read materials for the Technology Commercialization Showcase 2008, August 2008; and Fouquet, Roger and Pearson, Peter J.G. Long Run Trends in Energy Services , Environmental and Resource Economists 3rd World Congress, January
17 Massive Regulatory Challenges Energy service regulation would require a massive retooling of state regulation. Deciding and continuously modifying allowed energy services and setting their rates/incentive terms. How much pre-control over the amount of capital, approved measures, etc? What does the utility do in-house vs. outsource? Does this model squelch too much innovation? ESU lite might work better strong EE incentives, some services pricing, less nodal pricing. 17
18 Are There Hybrid Scenarios? Yes, many. Will They Be Difficult to Regulate/Deregulate? Yes. Do we need An Academy for Energy Regulation? 18
19 Summary Decarbonizing generation, EE policies, lower sales, and the smart grid together render current utilities unsustainable. There are two pathways to future sustainable utilities: Smart Integrator: regulated utilities become network only Energy Service Utilities: Sell (regulated) energy services, not kwh One path may not dominate, but the key economic forces to watch are vertical synergies versus new unregulated retail innovators. The regulatory and institutional issues raised by the transition will be critical and call for more resources. An extremely difficult simultaneous transition of business model, regulatory laws, and industrial architecture but the status quo is not an option - - unless prices shock us by staying low! 19
20 About Us The Brattle Group provides consulting and expert testimony in economics, finance, and regulation to corporations, law firms, and governments around the world. Please see the final slide for a list of recent Brattle reports. Peter Fox-Penner is a Brattle Principal and Chairman Emeritus, former senior official at the DOE, and the White House Office of Science and Technology Policy. He serves on several boards including the Advisory Board for Enviance, Gridpoint, and the Solar Foundation. Peter Fox-Penner s, Smart Power: Climate Change, the Smart Grid, and the Future of Electric Utilities (Island Press, 2010), examines the future of the power industry. "This book should be required reading for all industry regulators as they prepare to confront the challenges of this new paradigm. Mark Crisson, CEO of the American Public Power Association "If you're serious about policies that place energy efficiency on a level playing field with new energy supplies, and energy policy generally, this book is essential reading. Art Rosenfeld, former Commissioner of the California Energy Commission 20
21 Bibliography "Comments of Peter Fox-Penner, Johannes Pfeifenberger, and Delphine Hou, regarding Docket No. AD ," by Peter S. Fox-Penner, Johannes P. Pfeifenberger, and Delphine Hou, The Brattle Group, December 18, "Fix Utilities Before They Need a Rescue," by Peter S. Fox-Penner, Harvard Business Review, July-August "Passing a Climate Policy in Today s Downturn: The Time is Now, presented at Moving the Midwest Forward: The Benefits of Building a Low- Carbon Economy, IIT Chicago-Kent College of Law," by Peter S. Fox-Penner, The Brattle Group, July 22, "Unlocking the 53 Billion Savings from Smart Meters in the EU," by Ahmad Faruqui, Dan Harris, and Ryan Hledik, The Brattle Group, October "Lessons from Demand Response: Trials and Potential Savings for the EU," by Ahmad Faruqui and Dan Harris, The Brattle Group, October 12, "Piloting the Smart Grid," by Ahmad Faruqui, Ryan Hledik, and Sanem Sergici, The Electricity Journal, August/September "Assessment of Achievable Potential for Energy Efficiency and Demand Response in the U.S. ( )," by Ingrid Rohmund, Greg Wikler, Ahmad Faruqui, Omar Siddiqui, and Rick Tempchin, The Electric Power Research Institute, "Transmission Super Highways: Assessing the Potential Benefits of Extra-High-Voltage Transmission Overlays in the Midwest," by Peter S. Fox-Penner, Judy Chang, Delphine Hou, and Ryan Hledik, The Brattle Group, March "Transforming America's Power Industry: The Investment Challenge ," by Marc Chupka, Robert L. Earle, Peter S. Fox-Penner, and Ryan Hledik, The Brattle Group, Prepared for The Edison Foundation, November "Promoting Use of Plug-In Electric Vehicles through Utility Industry Acquisition and Leasing of Batteries, Chapter 13 of Plug-In Electric Vehicles: What Role for Washington?, by Peter S. Fox-Penner, Dean M. Murphy, Mariko Geronimo, and Matthew McCaffree, The Brookings Institution,
Electric Utility Business and Regulatory Models of the Future
Electric Utility Business and Regulatory Models of the Future Peter Fox-Penner The Brattle Group 1850 M Street, NW Suite 1200 Washington, DC 20036 www.brattle.com Copyright 2010 The Brattle Group, Inc.
More informationThe Future of Utilities: Business Models and Strategy
The Future of Utilities: Business Models and Strategy Presented to Accenture by Peter Fox-Penner Wednesday, October 19, 2011 Views expressed in these slides are solely those of the author. Copyright 2011,
More informationTransmission Cost Allocation and Cost Recovery in the West
Transmission Cost Allocation and Cost Recovery in the West Presented at: Transmission Executive Forum WEST 2011 Strategies for Meeting the Transmission Needs in the West Presented by: Johannes Pfeifenberger
More informationIndependent Transmission Companies: Business Models, Opportunities, and Challenges
Independent Transmission Companies: Business Models, Opportunities, and Challenges Johannes Pfeifenberger AAI's 13th Annual Energy Roundtable Washington, DC April 23, 2013 Copyright 2013 The Brattle Group,
More informationSmart Meter Cost Recovery
Smart Meter Cost Recovery Presented by Adam Cooper National Governor s Association Center for Best Practices Webinar #2: How will the Smart Grid be paid for? December 16, 2010 Utility-scale smart meter
More informationStrategies for Surviving Sub-one Percent Growth: An American Perspective
Strategies for Surviving Sub-one Percent Growth: An American Perspective Brisbane, Queensland Ahmad Faruqui, Ph.D. Au g u s t 7, 2 0 1 4 Copyright 2014 The Brattle Group, Inc. Normal electricity growth
More informationNorth Carolina Electric Membership Corporation. Ahmad Faruqui. J u n e 5, 2 0 1 4. Copyright 2014 The Brattle Group, Inc.
The Emergence of the Energy Services Utility North Carolina Electric Membership Corporation Ahmad Faruqui J u n e 5, 2 0 1 4 Copyright 2014 The Brattle Group, Inc. The presentation covers five topics 1.
More informationPotential Coal Plant Retirements in U.S. and Impact on Gas Demand
Potential Coal Plant Retirements in U.S. and Impact on Gas Demand Presented at CERI Conference Calgary Presented by Metin Celebi The Brattle Group February 27, 2012 Copyright Copyright 2012 2010The TheBrattle
More informationRethinking Electric Company Business Models
Rethinking Electric Company Business Models National Association of Regulatory Utility Commissioners Staff Subcommittee on Accounting and Finance Spring 2014 Conference March 19, 2014 Discussion overview
More informationSurviving Sub-One Percent Sales Growth
Surviving Sub-One Percent Sales Growth Naples, Florida Ahmad Faruqui, Ph.D. M a r c h 1 3, 2 0 1 4 Copyright 2014 The Brattle Group, Inc. Normal electricity growth has not resumed four years after the
More informationELECTRIC UTILITY INTEGRATED RESOURCE PLAN (IRP)
ELECTRIC UTILITY INTEGRATED RESOURCE PLAN (IRP) Demand-Side Resources PRESENTED TO THAI ENERGY REGULATORY COMMISSION, OERC, AND UTILITIES DELEGATION Boston, Massachusetts PRESENTED BY ROMKAEW BROEHM MARIKO
More informationAddressing the U.S. Department of Defense Mission Assurance Concerns and Renewable Energy Mandates
Addressing the U.S. Department of Defense Mission Assurance Concerns and Renewable Energy Mandates Rick Tempchin Executive Director, Retail Energy Services Edison Electric Institute NARUC International
More informationOverview of Rooftop Solar PV Green Bank Financing Model
Overview of Rooftop Solar PV Green Bank Financing Model Sponsored by The Connecticut Clean Energy Finance and Investment Authority and The Coalition for Green Capital Developed by Bob Mudge & Ann Murray,
More informationHype Cycle for Intelligent Grid Technologies
Hype Cycle for Intelligent Grid Technologies Dr. Žarko Sumić VP & Distinguished Analyst Energy & Utilities Industry Advisory Services zarko.sumic@gartner.com Environmental Issues are Getting on the Main
More informationThe Clean Power Plan and Reliability
The Clean Power Plan and Reliability PRESENTED TO National Governors Association Jurgen Weiss May 6, 2015 Copyright 2015 The Brattle Group, Inc. Disclaimers and Caveats The views expressed in this presentation
More informationThe Rediscovery of Demand-Side Management
The Rediscovery of Demand-Side Management Ahmad Faruqui, Ph.D. TVA Board of Directors Meeting Monteagle, Tennessee January 19, 2012 Copyright 2011 The Brattle Group, Inc. www.brattle.com Antitrust/Competition
More informationEPA s Clean Power Plan
EPA s Clean Power Plan Basics and Implications of the Proposed CO 2 Emissions Standard on Existing Fossil Units under CAA Section 111(d) PRESENTED TO Goldman Sachs Power, Utilities, MLP and Pipeline Conference
More informationInternational Experience in Pipeline Capacity Trading
International Experience in Pipeline Capacity Trading Presented to: AEMO Presented by: Dan Harris Copyright 2013 The Brattle Group, Inc. 7 August 2013 www.brattle.com Antitrust/Competition Commercial Damages
More informationConsumers are the Key to Future Smart Energy Management
Consumers are the Key to Future Smart Energy Management Lisa Wood Executive Director Current Issues 2010 The Santa Fe Conference March 16, 2010 Expected energy efficiency savings forecasts AEO forecasts
More informationTransactive Energy. A Sustainable Business and Regulatory Model for Electricity. Arizona Corporation Commission
Transactive Energy A Sustainable Business and Regulatory Model for Electricity Arizona Corporation Commission Workshop on Emerging Technologies Docket No. E-00000J-13-0375 August 18, 2014 Edward G. Cazalet,
More informationDistributed Energy Resource Options and The Importance of The Electric Power Grid
Distributed Energy Resource Options and The Importance of The Electric Power Grid David K. Owens Executive Vice President Edison Electric Institute National Conference of State Legislatures Webinar on
More informationSecondary and short term natural gas markets International experiences
Secondary and short term natural gas markets International experiences Bogotá, 13 th May 2011 Presented by: Dan Harris Principal The Brattle Group Copyright 2011 The Brattle Group, Inc. www.brattle.com
More informationWhite Paper. Understanding California s Electricity Prices
White Paper Understanding California s Electricity Prices Executive Summary Most industry experts predict that average electricity prices throughout the U.S. will increase significantly over the next decade.
More informationCisco Smart Grid Powering End-to-End Communications. Rick Geiger Executive Director, Utilities & Smart Grid Business Transformation
Cisco Smart Grid Powering End-to-End Communications Rick Geiger Executive Director, Utilities & Smart Grid Business Transformation Cisco Connected Grid Vision Transform energy production, distribution
More informationSmart Grid Enabling a Sustainable Energy Future
Smart Grid Enabling a Sustainable Energy Future Smart Grid Technologies Workshop Prof Deepak Divan Director, Intelligent Power Infrastructure Consortium School of Electrical Engineering Georgia Institute
More informationBusiness Energy Efficiency. Webinar August 29, 2012
Business Energy Efficiency Webinar August 29, 2012 Today s presenters and some notes... John Pirko LeClairRyan Greg Booth PowerServices, Inc. Roy Palk LeClairRyan Welcome. With the high number of attendees,
More informationQuantile Regression for Peak Demand Forecasting
Quantile Regression for Peak Demand Forecasting Charlie Gibbons Ahmad Faruqui July 1, 2014 Copyright 2013 The Brattle Group, Inc. Outline Approaches to forecasting peak demand Our empirical approach OLS
More informationComparing Electricity Generation Technologies
Comparing Electricity Generation Technologies Stan Rosinski Program Manager, Renewable Generation 2011 SRP Sustainable Portfolio Review March 3, 2011 Comparing Electricity Generation Technologies Key Takeaways
More informationRE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems
RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems EC-IEA Roundtatble on electricity market design and regulation Brussels, 18 February 2016 Power markets
More informationNEVADA S ELECTRIC POWER SYSTEM AND THE CLEAN POWER PLAN
ADVANCED ENERGY ECONOMY the business voice of advanced energy NEVADA S ELECTRIC POWER SYSTEM AND THE CLEAN POWER PLAN The U.S. Environmental Protection Agency (EPA) will soon release the final rule for
More informationManaging Electrical Demand through Difficult Periods: California s Experience with Demand Response
Managing Electrical Demand through Difficult Periods: California s Experience with Demand Response Greg Wikler Vice President and Senior Research Officer Global Energy Partners, LLC Walnut Creek, CA USA
More informationComments of the Edison Electric Institute Net Benefits and Costs of Distributed Solar Energy and Innovative Solar Deployment Models, DOE-EERE
Comments of the Edison Electric Institute Net Benefits and Costs of Distributed Solar Energy and Innovative Solar Deployment Models, DOE-EERE Category 2 - Innovative Solar Deployment Models Edward H. Comer,
More informationEmerging Issues in Forecasting Energy Consumption
Emerging Issues in Forecasting Energy Consumption P R E S E N T E D T O CRRI Western Conference 2016 P R E S E N T E D B Y Zhen Wang, Ph.D. Josephine Duh, Ph.D. Ahmad Faruqui, Ph.D. J u n e 2 4, 2 0 1
More informationModeling the Enrollment Forecasts for PG&E s Non-Residential DR Programs 2010-2020
Modeling the Enrollment Forecasts for PG&E s Non-Residential DR Programs 2010-2020 Presented by Joe Wharton, The Brattle Group Presented to Demand Response Load Impact Workshop Sponsored by the California
More informationWhat Plug-in Hybrid-Electric Vehicles Can Do for the Grid?
What Plug-in Hybrid-Electric Vehicles Can Do for the Grid? Michael Kintner-Meyer Global Clean Energy Project Stanford University, November 2, 2007 PNNL-SA-57830 Contact: email: Michael.Kintner-Meyer@pnl.gov
More informationREPORT ON EFFORTS TO REDUCE ELECTRIC PEAK DEMAND
REPORT ON EFFORTS TO REDUCE ELECTRIC PEAK DEMAND Orjiakor N. Isiogu, Chairman Monica Martinez, Commissioner Greg R. White, Commissioner MICHIGAN PUBLIC SERVICE COMMISSION Department of Energy, Labor &
More informationNatural Gas and Electricity Coordination Experiences and Challenges
1 Natural Gas and Electricity Coordination Experiences and Challenges Challenges Facing the New England Power System Gordon van Welie, President and CEO, ISO New England 2015 IEEE Power & Energy Society
More information1108 OREGON LAW REVIEW [Vol. 89, 1107
PETER FOX-PENNER AND HEIDI BISHOP I Mission, Structure, and Governance in Future Electric Markets: Some Observations n the language of competition economics, there are three modern energy markets: transport
More informationSolar Panels and the Smart Grid
Solar Panels and the Smart Grid In the Pepco Region Steve Sunderhauf Jeff Roman Joshua Cadoret David Pirtle Outline Pepco Region Background Renewable Portfolio Standards (RPS) Pepco s Blueprint for the
More informationMarket Design 2009: The Texas Deregulated Electricity Market. September 17, 2009 Commissioner Donna L. Nelson Public Utility Commission of Texas, USA
Market Design 2009: The Texas Deregulated Electricity Market September 17, 2009 Commissioner Donna L. Nelson Public Utility Commission of Texas, USA Statistics About Texas Texas is home to 24.3 million
More informationEnergy Advisory Services
Energy Advisory Services Quarterly Market Letter April 2015 Vol 4 Issue #1 I am pleased to forward 5 s first quarter overview of the energy market. For the most part, energy markets stabilized in Q1 2015,
More informationThe Smart Grid: Utility Master Energy & Sustainability Planning
The Smart Grid: Utility Master Energy & Sustainability Planning Gene Rodrigues Director, Customer Energy Efficiency & Solar Southern California Edison CMAA Long Beach, CA May 5, 2011 About Southern California
More informationIs It Possible to Charge Market-Based Pricing for Ancillary Services in a Non-ISO Market?
Is It Possible to Charge Market-Based Pricing for Ancillary Services in a Non-ISO Market? Regulation and Operating Reserves 33 rd Eastern Conference Center for Research in Regulated Industry Romkaew P.
More informationrising Electricity Costs:
rising Electricity Costs: A Challenge For Consumers, Regulators, And Utilities Electricity is the lifeblood of the U.S. economy. It powers our homes, offices, and industries; provides communications, entertainment,
More informationRenewable Energy on Regional Power Grids Can Help States Meet Federal Carbon Standards
FACT SHEET Renewable Energy on Regional Power Grids Can Help States Meet Federal Carbon Standards In June 2014, the U.S. Environmental Protection Agency (EPA) used its authority under Section 111(d) of
More informationOverview of New York State Public Service Commission. Director, Rates and Service New York State Public Service Commission June 7, 2010
Overview of New York State Public Service Commission John Stewart Director, Rates and Service New York State Public Service Commission June 7, 2010 The Chairman Chairman Brown Public Service Commission
More informationPolicy Brief International Renewable Energy Investment Credits Under a Federal Renewable Energy Standard
Policy Brief International Renewable Energy Investment Credits Under a Federal Renewable Energy Standard Andrew Stevenson and Nigel Purvis* July 13, 2010 Key Findings Allowing regulated entities to comply
More informationThe Costs and Benefits of Smart Meters for Residential Customers
The Costs and Benefits of Smart Meters for Residential Customers IEE Whitepaper July 2011 The Costs and Benefits of Smart Meters for Residential Customers IEE Whitepaper July 2011 Prepared by Ahmad Faruqui
More informationU.S. Policies to Reduce the Impact of Energy Use on the Environment Trends and Implications
U.S. Policies to Reduce the Impact of Energy Use on the Environment Trends and Implications P R E S E N T E D A T Swiss-U.S. Energy Innovation Days P R E S E N T E D B Y Judy Chang August 19, 2015 Copyright
More informationClean State Energy Actions 2011 Update. colorado
Energy Efficiency Building Energy Codes Utility Demand-Side-Management Energy Savings Targets/Energy Efficiency Resource Standards Residential: 2003 IECC, required in jurisdictions with a building code
More informationSmart Grids development in Europe
Smart Grids development in Europe EU Science Global Challenges Global Collaboration European Parliament 5 March 2013, Brussels Per-Olof Granström, Secretary General, EDSO for Smart Grids EDSO for Smart
More informationThe Smart Energy Pricing Evolution at BGE
The Smart Energy Pricing Evolution at BGE for The 2011 National Town Meeting on Demand Response and Smart Grid 2011 National Town Meeting on Demand Response and Smart Grid Wayne Harbaugh VP Pricing & Regulatory
More informationIRA H. SHAVEL Principal
Principal Washington, DC +1.202.955.5050 Ira.Shavel@brattle.com Dr. Ira Shavel is an energy economist with over 30 years of experience in the energy industry, specializing in the economics and operations
More informationEmerging Issues for State Energy Plans & Integrated Resource Planning
Emerging Issues for State Energy Plans & Integrated Resource Planning Presented to: Governors' Energy Advisors Policy Institute NATIONAL GOVERNORS ASSOCIATION Presented by: Philip Q Hanser 31 May, 2012
More informationAlternative Financing Mechanisms for Energy Efficiency. IEE Brief
Alternative Financing Mechanisms for Energy Efficiency IEE Brief February 2010 Alternative Financing Mechanisms for Energy Efficiency IEE Brief February 2010 Prepared by Matthew McCaffree Institute for
More informationTransactive Energy. A Sustainable Business and Regulatory Model for Electricity. Ed Cazalet SPRING 2014 MEMBERS MEETING MAY 5-8, 2014 DENVER, COLORADO
Transactive Energy A Sustainable Business and Regulatory Model for Electricity Ed Cazalet MAY 5-8, 2014 DENVER, COLORADO The Transactive Energy business model. Forward transactions are used to coordinate
More informationFORTNIGHTLY. Reliability Standards. PLUS A Role for Coal Falling Demand New York s Distributed Future
FORTNIGHTLY PUBLIC UTILITIES Reliability Standards A fresh look at benefits, costs, and consequences. January 2015 ENERGY, MONEY, POWER PLUS A Role for Coal Falling Demand New York s Distributed Future
More informationThe Policy and Market Environment for Renewable Energy Development
Gunnar Birgisson of Bracewell & Giuliani LLP Speaker 15: 1 The Policy and Market Environment for Renewable Energy Development Gunnar Birgisson March 2008 An Era for Renewables? Growth and Interest: Wind
More informationELECTRIC VEHICLES WITH V2G
ELECTRIC VEHICLES WITH V2G Willett Kempton University of Delaware and Mid-Atlantic Grid Interactive Cars Consortium Presented at DE Economic Development Workgroup 30 July 2008 OLD SCHOOL EVS NiMH or (gasp!)
More informationRetail Electric Rates in Deregulated and Regulated States: A Ten Year Comparison
Retail Electric Rates in Deregulated and Regulated States: A Ten Year Comparison Published March 2008 1875 Connecticut Avenue, NW Washington, D.C. 20009-5715 202/467-2900 www.appanet.org Retail Electric
More informationHow can utilities survive energy demand disruption?
Accenture s Digitally Enabled Grid program - 2014 edition, Executive Summary How can utilities survive energy demand disruption? Accenture s Digitally Enabled Grid program - 2014 edition 1 Toward a digitally
More informationCalifornia Energy Commission 2015 Accomplishments
California Energy Commission 2015 Accomplishments Responding to California s Drought Responded to the state's historic drought and Governor Edmund G. Brown Jr. s Executive Order B-29-15 by approving new
More informationEnergy Efficiency and Demand Response Programs in the United States
Energy Efficiency and Demand Response Programs in the United States Structure, Operations, Accomplishments, Lessons Learned Claude Godin Director Energy Data Analytics Overview Introduction - Definitions
More informationEnergy Prices, Climate Change Policy and U.S. Economic Growth
Energy Prices, Climate Change Policy and U.S. Economic Growth Prepared for: Southern Growth Policies Board Annual Conference Biloxi, Mississippi June 8, 2009 By: Dr. Margo Thorning, Ph.D. Senior Vice President
More informationThis document provides a summary of the major
F F A C T S H E E T June 2010 Summary of Major Energy Bill Provisions Of Importance to Public Power This document provides a summary of the major provisions of interest to public power electric utilities
More informationResidential Solar + Storage Systems Betty Watson, Deputy Director Annual NECPUC Symposium 2015
+ Residential Solar + Storage Systems Betty Watson, Deputy Director Annual NECPUC Symposium 2015 SolarCity Corporate Overview Publicly traded with $5B+ in total funds to deploy renewables (NASDAQ:SCTY)
More informationAndres Carvallo CMG Founder & CEO Co-Author of The Advanced Smart Grid Former Austin Energy CIO (2003-2010)
Changing The Utility Business Model Andres Carvallo CMG Founder & CEO Co-Author of The Advanced Smart Grid Former Austin Energy CIO (2003-2010) andres@512cmg.com Tel 512-968-8108 www.512cmg.com 2014 CMG
More informationSTATEMENT OF PATRICIA HOFFMAN ACTING ASSISTANT SECRETARY FOR ELECTRICITY DELIVERY AND ENERGY RELIABILITY U.S. DEPARTMENT OF ENERGY BEFORE THE
STATEMENT OF PATRICIA HOFFMAN ACTING ASSISTANT SECRETARY FOR ELECTRICITY DELIVERY AND ENERGY RELIABILITY U.S. DEPARTMENT OF ENERGY BEFORE THE COMMITTEE ON ENERGY AND NATURAL RESOURCES UNITED STATES SENATE
More informationHow To Make Money From Energy Storage
Business Models for Energy Storage Michael Pollitt With thanks to Francisco Castellano Ruz and Karim Anaya Judge Business School University of Cambridge UKES 2015 University of Birmingham 26 November 2015
More informationUnlocking Electricity Prices:
Volume 2 A BidURenergy White Paper Unlocking Electricity Prices: A White Paper Exploring Price Determinants by: Mark Bookhagen, CEP pg. 2 Written by Mark Bookhagen, CEP Introduction In order to be classified
More informationEvolution of the smart grid in China
18 Evolution of the smart grid in China Development of this enormous market could shape the future of the smart grid globally. David Xu, Michael Wang, Claudia Wu, and Kevin Chan China has become the world
More informationState Clean Energy-Environment Technical Forum Energy Efficiency Portfolio Standards May 16, 2006 Call Summary
State Clean Energy-Environment Technical Forum Energy Efficiency Portfolio Standards May 16, 2006 Call Summary Participants: 47 participants from 18 states and several national organizations (see the participants
More informationThe Hidden Costs of Solar Power
The Hidden Costs of Solar Power Brian H. Potts Foley & Lardner, LLP The Economics of Rooftop and Utility-Scale Solar Cashing in on Federal/State/Local Solar Subsidies The Fixed v. Variable Fee Debate Current
More informationCleantech in China The road to increasing electric vehicle adoption
www.pwc.com/cleantech Cleantech in China The road to increasing electric vehicle adoption March 2013 China has held the title of world s largest auto market since 2009, when it surpassed the U.S. with
More informationUNITED STATES OF AMERICA FEDERAL ENERGY REGULATORY COMMISSION
UNITED STATES OF AMERICA FEDERAL ENERGY REGULATORY COMMISSION Notice of Proposed Rulemaking: Third- ) Party Provision of Ancillary Services; ) Docket Nos. RM11-24-000 Accounting and Financial Reporting
More informationRenewable and Alternative Energy Outlook
Renewable and Alternative Energy Outlook Mary Doswell Senior Vice President Alternative Energy Solutions Governor s Conference on Energy October 13, 2010 Dominion: One of America s Leading Energy Companies
More informationElectric Utility Business Models
Electric Utility Business Models Roadmap to Implementing Michigan s New Energy Policy Stakeholder Group Meeting Lansing, Michigan Presented by John Shenot August 3, 2015 The Regulatory Assistance Project
More informationCombined Heat and Power (CHP) En Banc Hearing October 7, 2014, University of Pittsburgh
Combined Heat and Power (CHP) En Banc Hearing October 7, 2014, University of Pittsburgh Thomas G. Bourgeois Deputy Director (914) 422 4013 tbourgeois@pace.edu CHP in the Northeast States CT, MA, NY recognize
More informationUS China Renewable Energy Cooperation: Status, Challenges and Opportunities
US China Renewable Energy Cooperation: Status, Challenges and Opportunities Joanna Lewis, Ph.D. Edmund A. Walsh School of Foreign Service Georgetown University Presented at the China Environment Forum,
More informationMarketsandMarkets. http://www.marketresearch.com/marketsandmarkets-v3719/ Publisher Sample
MarketsandMarkets http://www.marketresearch.com/marketsandmarkets-v3719/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm
More informationNet Energy Metering and the Future of Distributed Generation
Net Energy Metering and the Future of Distributed Generation Vishal C. Patel, P.E. Manager - Distribution Resource Interconnections April 28, 2015 What is Net Energy Metering (NEM)? NEM is a tariffed program
More informationEuropean Distribution System Operators for Smart Grids. Position paper on Electric Vehicles Charging Infrastructure
European Distribution System Operators for Smart Grids Position paper on Electric Vehicles Charging Infrastructure European Distribution System Operators for Smart Grids Position paper on ELECTRIC VEHICLES
More informationElectric Vehicles in Oregon Plug-in Electric Vehicle Adoption. John Gartner Research Director
Electric Vehicles in Oregon Plug-in Electric Vehicle Adoption John Gartner Research Director Introduction Pike Research is a market research and consulting firm that provides in-depth analysis of global
More informationBefore the UNITED STATES DEPARTMENT OF ENERGY Office of Electricity Delivery and Energy Reliability 75 FR 57006
Before the UNITED STATES DEPARTMENT OF ENERGY Office of Electricity Delivery and Energy Reliability In the matter of: Smart Grid RFI: Addressing Policy and Logistical Challenges to Smart Grid Implementation
More informationRenewable Energy Credit (REC) Price Forecast (Preliminary Results)
Renewable Energy Credit (REC) Price Forecast (Preliminary Results) OVERVIEW What is a REC price forecast and why is it needed? Interest in renewable energy has increased worldwide in response to concerns
More informationDynamic Electricity Pricing in California: Do Customers Respond?
Do Customers Respond? April 19, 2007 Matt Burgess The next few minutes 1. The Problem 25% generating capacity used less than 100 hours/year 2. The Proposed Solution Dynamic peak pricing 3. The Rollout
More informationDemand Response, Dynamic Pricing, and the Smart Grid in New York
Demand Response, Dynamic Pricing, and the Smart Grid in New York James T. Gallagher Sr. Manager for Strategic Planning New York Independent System Operator jgallagher@nyiso.com Consumer Advisory Council
More informationChancellor s Residence:
University of Colorado at Boulder Chancellor s Residence: Smart Home energy management through technology innovation efficiency in partnership with SmartGridCity Boulder s first Smart Home The University
More informationUtility Energy Efficiency Developments in the States and DC. Laura Furrey, JD, PE ACEEE March 2010
Utility Energy Efficiency Developments in the States and DC Laura Furrey, JD, PE ACEEE March 2010 1 The American Council for an Energy Efficient Economy (ACEEE) Non-governmental organization (NGO) dedicated
More informationIs Germany in the slow lane for low carbon heat?
Is Germany in the slow lane for low carbon heat? Our latest research challenges the conventional wisdom that the best growth opportunities for low carbon heat in Europe are in Germany Delta-ee Whitepaper
More informationBusiness Update February 2015
Business Update February 2015 February 25, 2015 Forward-Looking Statements Statements contained in this presentation about future performance, including, without limitation, operating results, asset and
More informationWest Renewable Energy Markets: The calm before the storm? Mid-C Seminar July 22, 2015
West Renewable Energy Markets: The calm before the storm? Mid-C Seminar July 22, 2015 Evolution Markets Evolution Markets is a leading commodities brokerage and advisory firm focused on environmental and
More informationCalculating the Business Case for Demand Response
Calculating the Business Case for Demand Response Whether for regional transmission systems, integrated utilities, or load serving retailers, there are many direct and indirect benefits financial, regulatory,
More informationPOWER SECTOR OPPORTUNITIES FOR REDUCING CARBON DIOXIDE EMISSIONS: COLORADO
Fact Sheet POWER SECTOR OPPORTUNITIES FOR REDUCING CARBON DIOXIDE EMISSIONS: COLORADO MICHAEL OBEITER, KRISTIN MEEK, AND REBECCA GASPER CONTACT Michael Obeiter Senior Associate Climate and Energy Program
More informationMaking Energy Storage Work for The Pacific Northwest
Making Energy Storage Work for The Pacific Northwest US DOE Peer Review Program 2015 Portland, OR September 23, 2015 Diane Broad, PE Energy Planning & Innovation Division Oregon Department of Energy Leading
More informationDan T. Stathos, CPA* Associate Director
Dan T. Stathos, CPA* dstathos@navigant.com Austin, Texas Direct: 512.493.5415 Professional Summary Dan Stathos, an in NCI s Austin, Texas office, has been involved with electric, gas, water and telephone
More informationMarketsandMarkets. http://www.marketresearch.com/marketsandmarkets-v3719/ Publisher Sample
MarketsandMarkets http://www.marketresearch.com/marketsandmarkets-v3719/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm
More informationSEC. 1301. STATEMENT OF POLICY ON MODERNIZATION OF ELECTRICITY GRID.
TITLE XIII--SMART GRID SEC. 1301. STATEMENT OF POLICY ON MODERNIZATION OF ELECTRICITY GRID. It is the policy of the United States to support the modernization of the Nation's electricity transmission and
More informationUnderstanding California s Electricity Prices Updated April 2011
White Paper Understanding California s Electricity Prices Updated April 2011 Executive Summary Most industry experts conclude that average electricity prices throughout the U.S. will increase significantly
More informationMassachusetts Clean Energy and Climate Plan for 2020. Executive Office of Energy and Environmental Affairs
Massachusetts Clean Energy and Climate Plan for 2020 Massachusetts Clean Energy and Climate Plan for 2020 I. The Rationale: Launching the Clean Energy Revolution Energy Costs & Volatility; Energy Independence
More information