NYISO Market Updates & Dynamics: Their Implications for Market Participants

A Briefing on Market Dynamics and ROI

September 18, 2020 | Online ::

0920-nyiso-market-dynamics

This workshop will examine the key trends that have upended market dynamics in the New York wholesale electricity market (NYISO), and whose future disposition will define market participant winners and losers going forward. 

Background

Recent developments in NYISO reflect significant divergences from long-run trends that create complexity and challenge paradigms.  As the market changes, some participants will see margins eroded and business models strained.  For other, better-positioned or better-informed competitors, change will bring opportunities to add value.  In all cases, a clear understanding of how the fundamental and regulatory inputs to market outcomes have evolved – and will continue to do so in the future – is increasingly important. 

Learning Outcomes

• Assess market rule changes designed to address tensions between competitive markets and state policy objectives
• Evaluate state mandates to de-carbonize the electric grid
• Examine COVID-19 impacts on NYISO operations and market
• Explore what’s next for NYISO market adjustments and outcomes

Credits

EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.

EUCI is authorized by IACET to offer 0.3 CEUs for this event.

 

Instructional Methods  

This program will use PowerPoint presentations, case studies and group discussions. 

Requirements For A Successful Completion Of Program  

Participants must sign in/out each day and be in attendance for the entirety of the course to be eligible for continuing education credit. 

Friday, September 18, 2020 : Eastern Time

8:45 – 9:00 a.m. :: Log In

9:00 – 9:15 a.m. :: Overview and Introductions

9:15 am – 12:30 pm :: Program

(includes breaks)

• Accommodating Renewables
  • State mandates
    • Feasibility and integration issues
  • OSW development and state procurement update
  • Tensions with competitive markets
    • Recent NYISO market changes
• Capacity Market Evolution
  • Capacity market changes to harmonize competitive markets and state policies
  • Proposed buyer-side mitigation changes
  • Evolving mitigation regimes and proposals in 2020
  • State resource adequacy proceedings
• Structural Changes
  • COVID impacts + recovery
  • Key infrastructure changes
    • DEC Peaker Rule and potential impacts
    • New transmission to accommodate renewables
    • Battery storage
• The NYISO carbon pricing proposal
  • Potential to resolve conflicts between market competition, capacity markets, and policy preferences
• Creating Actionable Insights
  • What are net impacts in the various locational markets?
  • How will price formation and volatility change?
  • Where are challenges and opportunities?
• Next Steps and Outlook

12:30 p.m. :: Workshop Adjournment

Matthew DeCourcey, Managing Director – Power and Utilities Practice, FTI Consulting

Matthew DeCourcey is a Managing Director in the Power and Utilities practice at FTI Consulting and is based in Boston.  Over the past 15 years he has provided strategic advisory services to clients operating across the energy supply chain and has advised clients regarding regulatory strategy, litigation and arbitration, transactions and business strategy. His practice focuses on assisting clients in their decisions regarding capital deployment and strategies in the face of economic and regulatory uncertainty in the markets in which they operate.  Prior to joining FTI Consulting in 2018, Mr. DeCourcey was a Principal at Concentric Energy Advisors, where he led engagements related to corporate strategy, market analysis and regulatory advisory on behalf of pipelines, generators and utilities.  He holds an MBA with a concentration in Finance from the University of Massachusetts at Amherst and a BS in Political Science from the University of Massachusetts at Boston.

Stephen Hug, Partner, Bracewell LLP

Stephen Hug is a partner in the international law firm, Bracewell LLP.  He represents clients in matters related to federal and state regulatory policies, regulations and rules applicable to the electric and renewable power industries. He has experience with the Federal Energy Regulatory Commission (FERC) and the Federal Power Act (FPA), including FERC enforcement and compliance, wholesale power trading, centralized energy and capacity markets, transmission and interconnection matters and representation of utilities in contested proceedings before FERC. Mr. Hug also has experience with state regulatory matters, including the Electric Reliability Council of Texas (ERCOT) and Public Utility Commission of Texas (PUCT) regulations, state net metering programs, interconnection issues and retail choice programs.  Prior to joining Bracewell, he was an attorney advisor in the Office of the General Counsel, Energy Markets at FERC, where he reviewed and analyzed filings submitted under Section 205 and 206 of the FPA.

Through the end of 2020, EUCI will offer a half-day workshop every two weeks that will examine the market dynamics in each of the U.S. system operators’ (ISOs) wholesale electricity markets.

For more information on any of the below market events please contact Stephen Coury at 720-988-1228 or [email protected]

NYISO Market Dynamics	Sept 18
PJM Market Dynamics	Oct 9
ISO-NE Market Dynamics	Oct 23
CAISO Market Dynamics	Nov 6
ERCOT Market Fundam’ls	Nov 20
MISO Market Dynamics	Dec 4
SPP Market Dynamics	Dec 18

The objective of each workshop is to examine the key trends that have upended market dynamics and whose future disposition will define market participant winners and losers in that specific wholesale electricity market going forward.  Each briefing will address salient and shifting movements of the following mechanisms within the specific market focus on that day:

• Transmission Expansion
• Energy Market
• Capacity Market
• FTR/Congestion Market
• Reserve/AS Market

The briefings shall also layer in the following perspectives:

• What might change near-term/long-term (what’s in flux or subject to revision)
• Stakeholder responses and adjustments to optimize their involvement in the system
• COVID-19 system/market responses and adjustments
• Data on prices, why moving in certain directions
• FERC Orders – past, present and future
• Infrastructure
• State measures within the ISO service territory that bear on market operations and performance
• Market Monitor actions, reports and findings

We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.

• You will receive a meeting invitation will include a link to join the meeting.
• Separate meeting invitations will be sent for the morning and afternoon sessions of the course.
  • You will need to join the appropriate meeting at the appropriate time.
• If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
• The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.

REGISTER NOW FOR THIS EVENT:

NYISO Market Updates & Dynamics: Their Implications for Market Participants

September 18, 2020 | Online

Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before August 14, 2020 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800