The US electricity grid is experiencing a pace of change that has not been experienced since the liberation of wholesale markets in the mid 1990’s. Renewable mandates, voluntary corporate purchases, plus declining busbar costs for wind, solar, and batteries have triggered a massive deployment of renewables in markets all around the United States. These renewable resources must fit into the wholesale electricity grid, while at the same time they are forcing dramatic changes to the risks and rewards within each market.
The Renewables and Wholesale Electricity Markets Virtual Master Class is an advanced course for decision makers to gain in-depth understanding of how renewables fit into wholesale electricity markets. Leidos’ staff will present recent market data to illustrate trends and to highlight anomalies, drawing from experience advising dozens of buyers and sellers in the renewable marketplace. They will evaluate the impacts of market changes on asset performance and value, and will draw on decades of experience to highlight the key issues that matter most and differentiate the projects that will be successful from those which may falter.
The overall objective is for developers, investors and lenders to develop informed perspectives about wholesale markets and the attendant risks, enabling them to develop a clear outlook on how renewable energy projects will compete in regional markets both today and tomorrow. This objective will be furthered with real-life examples of what is happening with renewables right now in wholesale markets across the United States.
The course will be led by a team of professionals from Leidos, Inc. with decades of experience developing comprehensive understanding of market landscapes, applying robust modeling tools, and helping clients identify and seize the most profitable opportunities to achieve their transaction goals.
Virtual Office Hours
Live Discussion and Q&A
The curriculum has been designed to allow professionals to fully grasp today’s most important topics, including:
Live Q&A and discussion following each session
September 23, 2020 | 8:20 AM - 2:00 PM PDT
|Session 1: Overview of U.S. Wholesale Power Markets
|Session 2: Regulatory and Policy Issues Affecting Wholesale Power Markets
|Session 3: Natural Gas Market’s Impact on Wholesale Power Markets
|Session 4: Impact of Renewables on Wholesale Power Markets
|Session 5: Impact of Energy Storage on Wholesale Power Markets
September 24, 2020 | 8:30 AM - 2:55 PM PDT
|Session 6: Assessment of the ERCOT Market
|Session 7: Assessment of the “Merchant” Eastern U.S. Markets (PJM, NYISO, ISO-NE)
|Session 8: Assessment of the Western U.S. Markets (CAISO and non-ISO WECC)
|Session 9: Assessment of the Central U.S. Markets (MISO and SPP)
|Session 10: Assessment of the Non-ISO Eastern Markets (SERC, TVA, Florida)
Click here to view the full agenda
(Agenda subject to revisions)
Brian Armstrong is a Director in the Leidos Energy and Infrastructure Consulting Group. He has over a decade of energy market consulting experience, specializing in strategic economic analysis of wholesale power markets. He has supported transactions and valuations for renewable, coal, natural gas, storage, and transmission assets across the U.S. and Canada, as well as in Europe, Australia, and Central America. Mr. Armstrong has managed consulting engagements for diverse stakeholders, including project developers, asset managers, load-serving entities, and financial institutions.
As the Leidos market expert for PJM, Mr. Armstrong has served as lead market consultant on successful project financings for a majority of the new greenfield development natural gas combined cycles in the region. His recent project experience has focused on renewables, from portfolios of existing run-of-river hydro or on-shore wind, to single asset utility-scale solar, to large-scale energy storage.
Mr. Armstrong has an MBA from the Georgetown McDonough School of Business and a BS in Economics and BA in Political Science from James Madison University.
Mr. Van Atta has more than 20 years of energy market consulting experience focused on fuel and power infrastructure development, acquisition, and financing. Past projects include support for more than 30,000 MW of power plant development or financing and over $24 billion of natural gas infrastructure development or financing.
Recently, Mr. Van Atta led Leidos independent market studies on behalf of investors and lenders related to several solar and wind portfolios with assets in ERCOT, MISO, SPP, CAISO and other parts of the WECC, a California energy storage portfolio, and several natural gas-fired development projects in PJM. Mr. Van Atta has a BS degree from James Madison University and a MPA from The George Washington University.