The Infocast Technical Event brings together policy makers and senior executives to assess resource adequacy problems and opportunities for new generation build, demand response and energy storage.
Woodland Hills, CA (PRWEB) December 20, 2012
Infocast, the leading producer of deal-making and business intelligence events in the energy industry, is pleased to announce its ERCOT Market Summit. The inaugural event is set to take place on Februrary 11-13, 2013 at The Driskill Hotel in Austin, TX. The Infocast Technical Event brings together policy makers and senior executives to assess resource adequacy problems and opportunities for new generation build, demand response and energy storage.
Currently, according to the Electric Reliability Council of Texas (ERCOT), Texas is facing a serious resource adequacy problem. By 2014, reserve margins are projected to fall to an untenable level at 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.
The Texas PUC responded by doubling price ceilings in August 2012, though still well short of the $9000/MWh advocated to trigger a substantial build out. With power shortages looming, a combination of generation build, demand response and energy storage must be combined to provide short-term and long-term relief.
Infocast’s 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. The experts will examine the impacts of power price rises on generation project viability, as well as whether further price increases, market changes or legislation will need 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.
For more information, please visit the event website at http://www.infocastinc.com/ercot-13 or contact Infocast at 818-888-4444.
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