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Webinar: Market Design for the Clean Electricity Transition
May 26, 2021 @ 4:00 pm - 5:00 pm EDT
Dr. Karl Hausker, Senior Fellow, World Resources Institute
Dr. Karen Palmer, Senior Fellow and Director of the Future Power Initiative, Resources for the Future
Steve Corneli, Principal and Owner, Strategies for Clean Energy Innovation
Webinar Abstract: Policymakers in the U.S. and many other countries are examining whether current electricity market designs are well-suited to support the efficient and rapid decarbonization of the power sector. WRI and RFF are exploring concepts for organized long-term markets designed to operate parallel to today’s short-term energy markets, and intended to identify and support the financing and development of efficient, reliable mixes of clean (i.e., zero- and very low-carbon) resources. Karl Hausker and Karen Palmer will present on why such markets may be needed, and on four potential long-term market designs.
They will draw on their recent workshop on this topic. For background reading:
About the Speakers:
Dr. Karl Hausker is a Senior Fellow in WRI’s Climate Program. He leads analysis and modeling of the clean energy transition, climate mitigation, electricity market design, and the social cost of carbon. He led the Risky Business study of clean energy scenarios for the U.S., and lectures widely on clean energy and deep decarbonization. He has worked for three decades in the fields of climate change, energy, and environment in a career that has spanned legislative and executive branches, research institutions, NGOs, and consulting. He has led climate policy analysis and modeling projects for USAID, USEPA, the Regional Greenhouse Gas Initiative, the Western Climate Initiative, and the California Air Resources Board. Much of his work has focused on the energy and transportation sectors, and on low carbon, climate resilient development strategies.
Dr. Karen Palmer is a Senior Fellow at Resources for the Future and an expert on the economics of environmental, climate and public utility regulation of the electric power sector. Her work seeks to improve the design of environmental and technology regulations in the sector and the development of new institutions to help guide the ongoing transition of the electricity sector. To these ends, she explores climate policy design, analyzes efficient ways to promote use of renewable and other clean sources of electricity, and investigates new market designs, new approaches to electricity pricing and regulatory reforms to pave the way for long-term de-carbonization of electricity supply and electrification of the energy economy.
Steve Corneli has worked in the power sector since 1990, at the intersection of new technologies, new business models and ideas, and the key policy-making institutions of state and federal government, with a focus on clean energy entrepreneurship in both business and policy arenas. He worked for 14 years for NRG Energy, and during that time led the company’s wholesale market design and development, government and regulatory affairs, climate policy, and broader policy and strategy practices. Prior to NRG, Steve was a utility consumer advocate in the Minnesota Attorney General’s office and a regulatory specialist serving competitive power sector clients in the law firm of Leonard, Street and Deinard. Steve serves on the board of the Climate Action Reserve, on the Executive Leadership Council of the Smart Electric Power Alliance, on RMI’s eLab Advisory Council, and has also served on the board of the Solar Electric Power Alliance and as a member of the Operating Committee of NERC. Steve has a MA in Public Affairs from the University of Minnesota’s Humphrey Institute, concentrating on energy, environment and technology policy, and a BA degree from St. John’s College.
Moderator: Mark Ahlstrom, President, ESIG Board of Directors
Registration Cost: FREE
Q&A Session: We will be using the slido platform for Q&A. Please submit your questions and follow-along during the event at this link.