How big of an impact did Order 745 have this summer? -- A Restructuring Today webinar

Oct. 17, 2012 - PRLog -- FERC Order 745 might be under appeal to the courts, but most of the ISO/RTOs have complied with the order and several this summer saw regular load bidding into their energy markets. The rule mandated that all ISO/RTO energy markets compensate demand response (DR) at the full locational marginal price (LMP) whenever it does not cost other customers more money than it saved them.

This summer saw regular dispatches of energy-market DR in PJM, which have cut prices and demand during heat waves, and days with hundreds of megawatts trying to clear in the largest RTO markets. DR is still much bigger in the capacity markets, but Order 745 has grown DR's role in the energy markets.

FERC approved the order in a 4-to-1 vote and denied all requests for rehearing. But Order 745 has been appealed to the courts and a change in presidential administrations early next year would mean a change in FERC leadership that could lead to a second look at the issues. It has also been slowly implemented in most ISO/RTOs.

Questions you will get answers to:

    * What impact has Order 745 had on markets and demand?
    * How much money has this rule saved consumers?
    * Has this rule been a success?
    * Will this rule stay in place?
    * What is the ceiling for resources to participate in the energy market?

Key benefits:

    * Gain an understanding of how Order 745 worked in its first summer;
    * Hear more about the ongoing debate on Order 745 and what its impacts on the rule could be, and
    * Be able to plan for how much the rule could grow DR going forward and that could impact energy markets.

Distinguished speakers:

    * Analysis Group Vice President Paul Centolella
    * Viridity Energy President and CEO Audrey Zibelman
    * EnerNOC Director of Economic Demand Response Brendan Endicott

Speaker biographies:

Paul Centolella is the vice president of Analysis Group. He is an expert on energy economics, law and regulation. Prior to joining Analysis Group, he was a commissioner on the Public Utilities Commission of Ohio (PUCO). He has more than 30 years of experience as a regulator, an economic and energy consultant and an attorney practicing public utility and environmental law. He is an expert on energy-market design and analysis, the integration of modern information and communications technology into electric power system operations and the technology, business and policy innovations needed to create a smarter power grid. Centolella has served on a range of energy-related expert committees and task forces, including the Secretary of Energy’s Electricity Advisory Committee, the Electric Power Research Institute’s Advisory Council and the governing board and board of directors for the Smart Grid Interoperability Panel (SGIP). He earned his JD from the University of Michigan Law School and his BA in economics from Oberlin College.

Audrey Zibelman is the founder, president and CEO of Viridity Energy. Zibelman formed Viridity after more than 25 years of electric utility industry leadership experience in both the public and private sectors. Zibelman is a recognized national and international expert in energy policy, markets and smart grid innovation. Prior to forming Viridity, Zibelman was the Executive VP and COO of PJM, an RTO that operates the world's largest wholesale power market and serves 14 states throughout the eastern US. While there she was responsible for all aspects of PJM's transmission planning, market grid operations and corporate administration. Zibelman was previously an executive at Xcel Energy where at various times she oversaw transmission operations and planning, energy-market trading, risk management, fuel procurement and renewable energy development. She is a former general counsel of the NH PUC and has participated as both counsel and expert in numerous electric utility proceedings before state and federal regulatory and legislative bodies. She has testified before Congress and federal and state agencies on the benefits of power markets and smart grids to consumers. Zibelman has also served on the boards of numerous entities responsible for assuring the security and reliability of the nation's power system, including Reliability First and the GridWise Alliance. Zibelman earned her JD from Hamline University Law School and her BA from Pennsylvania State University.

Brendan Endicott, EnerNOC's director of economic demand response, is one of the industry's foremost experts in demand-side participation in energy markets. Over the past eight years he has worked with hundreds of commercial, industrial and institutional customers to develop strategies that enable them to generate income by responding to wholesale market prices. Endicott leads EnerNOC's economic market development efforts in all regions and has worked closely with PJM and ISO-NE in their implementations of FERC Order 745. He holds a BA in Economics from Dartmouth College and has completed executive management training at the MIT Sloan School of Management.

Details about Restructuring Today's "How big of an impact did Order 745 have this summer?” webinar is available at http://www.restructuringtoday.com/Order745-web.htm or by calling +1-301-769-6804 (888-471-4447 toll-free in the US and Canada).

Restructuring Today’s mission is to deliver exclusive news chronicling ongoing efforts to open competitive wholesale and retail energy markets with in-depth analysis on why some fail and others succeed.