Basis and congestion risk are among the greatest challenges faced by developers of renewable projects today. The impacts of unexpected basis risk (the difference in the energy price between a project location and its contracted point of delivery) and/or unanticipated energy curtailments can upend project economics and lead to distressed projects.
Understanding how transmission congestion drives basis risk and the potential steps to mitigate impacts are critical to navigating these risks. Developers, investors, lenders and others need the ability to make intentional, informed decisions during project development and investor due diligence that align with their internal tolerance for basis risk. This course provides the basic tools for understanding congestion, evaluating basis and curtailment risks, considering mitigation options, and minimizing exposure to future project revenue.
This Master Class will provide a deep understanding of the methods, analysis, and due diligence processes currently in place to address basis and congestion risk. Attendees will be able to explore specific issues and challenges faced fellow participants, with instruction from industry leading instructors with deep experience in analyzing transmission congestion impacts. Attendees will leave the course with a foundational understanding of the issues and concrete tools to incorporate into internal due diligence processes.
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
January 20, 2021 | 8:30 AM - 3:25 PM PST
|Session 1: Locational Marginal Prices and Basis Risk
|Session 2: LMP Calculation and Marginal Losses
|Session 3: Reviewing and Understanding Specific Real-Life Congestion Examples
|Session 4: Addressing Basis and Curtailment Risk across the Project Life-Cycle
January 21, 2021 | 9:00 AM - 2:30 PM PST
|Session 5: Assessing LMP Basis Mitigation Options
|Session 6: Congestion Studies
|Session 7: Interactive Course Recap and Regional Expert Roundtable
Click here to view the full agenda
(Agenda subject to revisions)
Rob Cleveland has more than 22 years of experience analyzing electric power markets. His primary focus has been using nodal market expertise and simulation software to study business problems. As an expert in PROMOD™ IV nodal market production cost software, he has modeled energy markets across North America; Great Britain, Ireland, and the Philippines; and Maui, Hawaii.
Mr. Cleveland has a deep understanding of study methods and technical approaches to assessing transmission upgrade economics, generation asset values, transmission congestion, LMP basis risk, and renewable curtailment risk. He has extensive project management experience and has led major consulting engagements.
Mr. Cleveland’s work at Leidos has included more than 120 studies, including congestion and locational marginal pricing (LMP) basis risk and curtailment assessments for new generation projects to support development and financing activites, market benefit and economic impact analysis of new transmission lines, and wind and solar grid siting studies. Mr. Cleveland has provided written and oral testimony in state commission proceedings and submitted studies to support generator siting applications and RFP responses
Rick Hunt is an energy markets expert and consultant focused on energy planning and analytics and nodal market simulation, with over 25 years of experience in the industry. His specialties include nodal market simulation data development, locational marginal price forecasting, economic transmission evaluation, energy markets research and evaluation, wind energy integration and curtailment, and PROMOD IV. Prior to joining Leidos, Mr. Hunt was a product manager at ABB Enterprise Software (FKA Ventyx), where he managed development of data content for the energy market simulation models PROMOD IV, Market Power, Market Analytics – Zonal Analysis, and GridView. In that role, he also developed simulation content, managed data processes, simulation benchmarking and results production, and energy prices for the ABB Power Reference Case. A graduate of the Georgia Institute of Technology, Mr. Hunt holds a B.S. in Electrical Engineering.
Gary Moland is an experienced consultant to the energy industry specializing in technical due diligence to support energy and infrastructure transactions. Areas of specialty include assessment of transmission congestion risk, economic market analysis, energy price forecasting, and integration of renewable generation. He has deep technical knowledge of simulation-based modeling of power systems and analytical methods for quantifying the economic impacts of future changes in energy markets. Mr. Moland has participated as a panelist and speaker at industry-leading conferences and has published articles and provided interviews for energy-related publications.
Michelle Tisdale has over 15 years of experience studying electric power markets in the United States, with a focus on nodal markets and fundamental simulation modeling. At Leidos, Ms. Tisdale helps wind and solar developers in the SPP region understand and quantify basis and curtailment risks to both existing and new projects.
Prior to joining Leidos, Ms. Tisdale was the Product and Practice Area Manager at New Energy Associates where she directed consulting engagements for locational marginal pricing studies, transmission congestion and mitigation strategies, and asset valuation in electric markets using fundamental models such as PROMOD IV.
Ms. Tisdale holds a B.S. in Electrical Engineering from Southern Methodist University and a MBA from Georgia State University.
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