The Future of Capacity Markets

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Ensuring that there is adequate electric power generation to meet established reliability standards is an imperative task for regulators. In organized wholesale markets, however, how exactly to ensure medium- to long-term resource adequacy continues to be the subject of debate and experimentation. Different jurisdictions have adopted different responses, with several markets mandating the procurement of capacity through organized capacity markets. Although the existence and operation of the capacity markets varies across jurisdictions, persistent concerns remain about the functioning and adequacy of capacity markets to ensure long-term reliability—especially in light of a rapidly changing grid with higher penetration of variable renewables and distributed energy resources.

This session is part of the Electricity in Transition series from the Energy and National Security Program and will cover the basic theory behind capacity markets, discuss the pathways different jurisdictions have pursued, as well as the challenges perceived by states and market participants. It will also focus on how resource adequacy mechanisms may need to change to respond to the changing generation mix, the goal of decarbonization, and the integration of distributed energy resources.

This event will be on-the-record. Please RSVP by COB Wednesday, July 13.

John Shelk, President and CEO, Electric Power Supply Association

Michael Hogan, Senior Advisor, Regulatory Assistance Project

Christi Tezak, Managing Director, ClearView Energy Partners

Michelle Melton, Associate Fellow, Energy and National Security Program, CSIS




1616 Rhode Island Ave
Washington DC 20036

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