PJM Market Updates & Dynamics: Their Implications for Market Participants

Converting Market Awareness into Market ROI

October 9, 2020 | Online ::

1020-pjm-market-dynamics

This workshop will examine developing policy and technology trends that have recently roiled certain PJM Interconnection market elements, such as:

• Recent, controversial FERC Orders and PJM responses to Capacity Market, Reserve Market and other design mandates
• State regulatory measures that interact with market operations
• Market participant actions and their impacts on market dynamics
• System responses to the pandemic

In particular, the program will consider these developments in the context of PJM fundamental market mechanics, operations and price formation dynamics.  Finally, the discussion will illuminate what different members and market participants must evaluate to optimize their positioning in the multiple market mechanisms operated by the RTO.

Context

In recent years, the PJM Interconnection system has undergone profound changes in the structure of its market and in the economic fundamentals that drive outcomes.  These changes, and the increasing complexity they bring, create uncertainties and risk but also opportunities for those participants who are well informed and well positioned to succeed.

Learning Outcomes

• Apply information learned into actionable intelligence that will support effective decision-making that yields competitive advantage
• Stakeholder responses and adjustments to optimize their involvement in the system
• COVID-19 system/market responses and adjustments
• Data on prices and why they are moving in certain directions
• FERC Orders – past, present and future – that related to PJM
• Infrastructure additions and subtractions
• State measures within the PJM service territory that bear on market operations and performance
• Market Monitor actions, reports and findings
• Explore what’s next for PJM 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 log in each day and be in attendance for the entirety of the course to be eligible for continuing education credit. 

Friday, October 9, 2020 : Eastern Time

8:45 – 9:00 a.m. :: Log In

9:00 a.m. – 12:30 p.m. :: Program Content

(Includes breaks) 

Looking Forward

• Batteries – the next big change
• Smarter grids and the Utility of the Future
• Other fundamental drivers
• Mechanical issues related to price formation
• What needs to be enhanced and proposed solutions
• Key hearings/decisions to expect in 2020 and beyond

Converting Market Awareness into Market ROI

• Finding value in complex markets
• Different perspectives based on market position, investment timelines, and other factors
• Expectations regarding complexity moving forward
• Achieving competitive advantage

12:30 pm. :: Program 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.

Dr. Todd Bohan, Director – Regulated Industries, FTI Consulting

Todd Bohan is a Director in FTI Consulting’s Power & Utilities group specializing in electric rate setting, regulatory advisory and energy procurement. Over the past 20 years, he has worked on a broad spectrum of energy and policy matters including utility rate cases, transmission and delivery service cost recovery, cost-of-gas adjustment, service quality and performance-based ratemaking, cost of capital, energy efficiency and competitive electric and natural gas supply.  Dr. Bohan has managed the energy procurement for electric default service and long-term renewable energy contracting for a multi-state utility. He has testified in a variety of regulatory proceedings and has a unique perspective having worked for regulated utilities, a state regulatory agency and a competitive energy supplier. In addition to his industry work, he has taught economics courses at the university level for the last 30 years.  Dr. Bohan earned a B.A. in Financial Economics from St. Anselm College, a M.A. in Economics from Clark University and a Ph.D. in Economics from Clark University.

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 they are 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:

PJM Market Updates & Dynamics: Their Implications for Market Participants

October 9, 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 September 04, 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