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Program Details
On Demand

FELJ Author Talk - Capacity Markets: A Path Back to Resource Adequacy

Content Partner:  Energy Bar Association
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Price: $170.00*
Member Price:  $140.00
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Description: Centralized capacity market constructs can be a useful tool for enabling efficient short-term capacity transactions. On their own, however, they have proven themselves incapable of:  meeting load-serving entities’ needs for diverse resource portfolios; enabling states’ efforts to pursue policy goals; satisfying generators’ need for stable revenues; or ensuring resource adequacy. Over the past five years, the FERC and eastern RTOs have sought to address these last two shortcomings in part by adopting and repeatedly amending buyer-side market power mitigation mechanisms. Those efforts have undermined efforts by some LSEs and states to manage their resource portfolios without adequately providing for resource adequacy or generators’ revenue requirements.  If the FERC wishes to meet all of its goals, it must look beyond the centralized capacity constructs and include bilateral capacity markets and LSEs’ self-build options in the solution and it must adjust its approach to the eastern RTOs’ centralized capacity constructs so that all three resource options can work effectively side-by-side.
The event is a great opportunity for attendees to hear Mr. Morrison discuss the challenges now faced in eastern centralized capacity markets and his thoughts on the right path going forward.  Mr. Morrison will also field questions on the subject matter.

Practice Areas: Energy & Natural Resources Law
Online Media Type: Audio
Production Date: 09/12/2016
Level: Intermediate
Category: Standard
Duration: 1 Hours, 8 Minutes
Online Format: On Demand

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Jay Morrison - Vice President of Regulatory Issues, National Rural Electric Cooperative Association
Harvey L. Reiter - Partner, Stinson, Leonard Street, LLP
This product is designed to provide information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.

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