1 / 13

Noah Dormady & Elena Maggioni

Climate Change Mitigation Policy and Energy Markets: Cooperation and Competition in Integrating Renewables into Deregulated Markets. Forging Closer Ties: Transatlantic Relations, Climate and Energy Berlin, November 29 – December 5, 2009. Noah Dormady & Elena Maggioni. Agenda.

woodsrichard
Télécharger la présentation

Noah Dormady & Elena Maggioni

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Climate Change Mitigation Policy and Energy Markets: Cooperation and Competition in Integrating Renewables into Deregulated Markets Forging Closer Ties: Transatlantic Relations, Climate and Energy Berlin, November 29 – December 5, 2009 Noah Dormady & Elena Maggioni

  2. Agenda • Theoretical Context • California’s Energy Markets • Case of Los Angeles Department of Water and Power (LADWP) – Green Path North (GPN) • California’s Policy Response • Implications and Conclusions

  3. Theoretical Context • Scale Economies Determine Appropriate Organizational Form (Joskow & Schmalensee 1983; Joskow 1998; Williamson 1975, 1982, 1985; Wilson 1998) • Regulation, Political Economy, and Industrial Organization (Krueger 1976; Peltzman 1976; Stigler 1968, 1971) • Environmental Regulation and Competition (Hahn 1984; Helland & Matsuno 2003; Heyes 2009; Misiolek & Elder 1989; Salop & Scheffman 1983; Sartzetakis 1997; Von der Fehr 1993) • Deliberative Democracy as a Method for Solving Complex Policy Problems (Dryzek 2000; Friedman 1989; Hajer 2003)

  4. California Market Bilateral Contracting & Generator Bidding Several Markets Long-term Markets Short-Term Markets (Day-ahead, Hour-ahead, Spot) Locational Marginal Pricing (LMPs) Financial Transmission Rights (FTRs/CRRs)

  5. City A $ 42 Generator $1.00 $ 2.00 C $48 B $40 NFS

  6. RPS: Investors Owned Utilities • RPS and Investors Owned Utilities • 33% by 2020 Table 1 - Timeline for Electricity from . . .

  7. RPS: Publicly Owned Utilities

  8. Green Path North • LADWP needs to increase its renewable portfolio and wants to: • Tap into geothermal resources in the Southeastern part of California • Build its own power lines • It is encountering strong opposition from local communities

  9. Southern California Geothermal Resources and Connecting Transmission Lines

  10. Community Opposition

  11. Market Available Transmission Capacity Also physical capacity constraints ATC=TTC-OTC-TRM-ETComm-CBM-AS

  12. Collaborative Efforts to Break the Impasse • Renewable Energy Action Team: streamline cross-agency approval process • RETI - Renewable Energy Transmission Initiative: plan areas and corridors for renewables • California Transmission Planning Group: crossectoral integrated transmission plan

  13. Conclusions • Disconnect between energy markets and renewables policy • Small institutions and municipalities may be disadvantaged by: • Market Complexity • Quasi-competitive Markets • Available Physical Capacity • Uncertain success of current institutions • Firms are asked to cooperate to form the very markets on which they compete

More Related