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ERCOT Market Summit 2019 will examine new market rules and economic drivers, while bringing policy-makers together with utility, solar, wind, IPP and other executives to explore opportunities. They will examine the impacts of an anticipated upsurge in solar capacity not only on power prices but also resource adequacy, and how the changing generation mix will drive opportunities for storage, DR and aggregated DERs.
ERCOT has long enjoyed the reputation of being an extremely liquid market, but the long-term view needed to strategically shape portfolios and profit there has become decidedly cloudy. The closure of coal plants suggests resource adequacy issues will emerge, but power pricing from the summer of 2018 did not reach levels to trigger new builds of conventional generation. At the same time, an enormous wave of solar is on the horizon. The growing movement to co-locate storage with wind and solar PV is changing perceptions of what is necessary to assure reliability. Add in the impacts of growing transmission constraints and a burgeoning credit crisis in the retail market, the one clear thing is that companies must explore how these fundamental changes will drive development and risk mitigation strategies to ensure profitability.
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