UNSW School of Photovoltaic & Renewable Energy Engineering
UNSW Centre for Energy and Environmental Markets
Blind men and the elephant: The problem of resource adequacy in US organized power markets
Eric Gimon - Energy Innovation


Eric Gimon, at UNSW SPREE, 16 October 2019

Eric Gimon (54Min)

Energy Innovation

Hele Savin speaks at UNSW SPREE

Abstract

Resource adequacy is a broad planning term for policymakers to examine whether power markets will remain in a position to provide electricity to customers under a plausible set of future conditions. It's never been easy to nail down, but in a market environment with flat demand, changing cost structures and new emerging technology along with the rise of variable energy resources the challenge has substantially increased. We will take a tour of the US market to look at how each is struggling with the question of resource adequacy. I will then present ideas on how planners might or should proceed and some of the unusual take-away that today’s electricity market signals are sending.



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Brief Bio

Dr Eric Gimon is a senior fellow with the non-profit think tank Energy Innovation based in San Francisco. He works closely with clean energy advocates, industry groups, regulators and other policy makers to promote a transition to a clean electricity grid. A former theoretical physicist, Dr. Gimon is focused on the fundamental animating principles of this transition, publishing research on topics like future market design, resource adequacy, distributed energy resources and solutions for overcoming barriers to a cleaner grid. It is his firm belief that a thoughtful examination of possible futures is crucial to good policy making today, so he is focused on transforming insights from research into actionable information for the key electricity industry debates of the day.

Recent publications include The Coal Cost Crossover and papers on Wholesale Electricity Market Design For Rapid Decarbonization






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