Have Capacity Markets Outlived Their Utility?

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In July, FERC issued Order No. 861, modifying its regulations regarding the horizontal market power analysis required to obtain authorization to sell energy, capacity, or ancillary services at market-based rates. Changes are coming.

Christine Tezak, managing director, ClearView Energy Partners, will address the capacity market issue.

In a capacity market, utilities or other electricity suppliers are required to have enough resources to meet demand. Each central grid operator has rules that produces vastly different outcomes.

In the 20 years of regional transmission organizations, some generators say they are underpaid for capacity, while regulators worry about low reserve margins and other stakeholders are glad that they did not copy the tariffs of their neighbors.

Christine’s leadership of ClearView’s electricity markets, interstate pipelines, energy infrastructure and U.S. environmental policy coverage relies on more than two decades of experience in the electric utility and natural gas pipeline sectors.

Prior to joining the firm, Ms. Tezak was a senior research analyst at Robert W. Baird & Co. and a senior vice president with the Washington Research Group. She has testified before the FERC and the U.S. House of Representatives.

Ms. Tezak served eight terms as a board member of the Washington, D.C.-based Women’s Council on Energy & the Environment, including two as its President. She remains active in WCEE and is a member of the Natural Gas Roundtable and the Women’s Energy Network, and she is also a non-attorney member of the Energy Bar Association.


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