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Webinar: The Need for Intertie Optimization: Reducing Customer Costs, Improving Grid Resilience, and Encouraging Interregional Transmission
October 2, 2023 @ 4:00 pm - 5:00 pm EDT
Featured Speakers: Hannes Pfeifenberger, Principal, The Brattle Group; Norman Bay, Co-Chair of the Energy Commodities Group and Head of the Energy Regulatory Practice, Willkie Farr & Gallagher LLP
About the Webinar: Inefficient use of interregional transmission facilities unnecessarily raises system costs and reduces reliability. During many hours, interregional power flows do not fully utilize available transmission capabilities despite high price differences, or even flow power in the opposite direction to price differences. These inefficiencies have been pointed out by market monitors for over a decade.
This webinar discusses (1) the source and magnitude of the inefficiencies currently associated with interregional transactions; (2) why the time is ripe to implement “intertie optimization” that would ensure the efficient use of interregional transmission, as the Western Energy Imbalance Market and European “market coupling” already does successfully; (3) why FERC already has the authority to approve intertie optimization frameworks; and (4) why doing so is important as we attempt to expand interregional transmission capacity, including through merchant HVDC lines.
This work is sponsored by ACORE, NRDC, Invenergy, Grid United the Advanced Power Alliance, and the Mid-Atlantic Renewable Energy Coalition Action.
About the Speakers: Hannes Pfeifenberger is an economist with a background in electrical engineering and over 25 years of experience in the areas of electricity markets, regulation, and finance. Hannes specializes in wholesale electricity market and transmission, helping clients explore the benefits of improved power market designs and grid investments, the integration of renewable generation and storage resources, and the impact of regulatory and legislative actions in the context of evolving market conditions. He is a Visiting Scholar at MIT’s Center for Energy and Environmental Policy Research (CEEPR), a former Senior Fellow at Boston University’s Institute of Sustainable Energy (BU-ISE), and an IEEE Senior Member. Hannes frequently serves as an advisor to research initiatives by the Energy Systems Integration Group (ESIG) and the US Department of Energy’s National Labs.
Norman C. Bay is Co-Chair of the Energy Commodities Group and Head of the Energy Regulatory Practice at Willkie Farr & Gallagher LLP in Washington, DC. His practice focuses on enforcement and compliance, energy policy and rates, mergers and acquisitions, and infrastructure development. Bay was Chairman of the Federal Energy Regulatory Commission (FERC), as well as Director of the Office of Enforcement. He was integral in shaping FERC policy on a wide range of energy market issues, including enforcement and compliance, energy storage, aggregated distributed energy resources, transmission and interconnection policy, and price formation in the RTO markets. Bay was previously a Professor at the University of New Mexico School of Law and the U.S. Attorney for the District of New Mexico. He is currently a member of the Secretary of Energy Advisory Board for the Department of Energy, a non-resident Senior Fellow with Duke University, a member of the NYU Institute for Policy Integrity Advisory Board, and a member of the Advisory Board of the Irving Institute for Energy and Society at Dartmouth College.
Moderator: Debbie Lew, Associate Director, ESIG
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.