Electricity Market Design Under Long-Term Decarbonisation ...€¦ · IEA-EPRI Workshop Paris,...
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Electricity Market Design Under Long-Term Decarbonisation: Ray Evans Vice President, Environmental and Technologies October 8, 2014 IEA-EPRI Workshop Paris, France
Transcript of Electricity Market Design Under Long-Term Decarbonisation ...€¦ · IEA-EPRI Workshop Paris,...
Electricity Market Design
Under Long-Term Decarbonisation:
Ray EvansVice President, Environmental and Technologies
October 8, 2014
IEA-EPRI Workshop
Paris, France
IEA-EPRI Workshop
Paris, France
FirstEnergy Overview
■ Headquartered in Akron, Ohio
■ Operations in six states
■ Generating fleet capacity of 18,000 megawatts
■ 10 electric distribution companies serving six million
customers over a 105,000 square kilometer service territory
■ 32,000 kilometers of high-voltage transmission lines
■ Leading retail energy supplier
serving residential, commercial
and industrial customers
October 8, 2014Electricity Market Design Under Long-Term Decarbonisation:
Challenges and Opportunities2
IEA-EPRI Workshop
Paris, France3
FirstEnergy’s Diverse Generating Sources
Fully Regulated
Partially Regulated
RMR
Map excludes 99 MW of
wind output in IL
Supercritical Coal 8,072 MW
Subcritical Coal 2,229
Nuclear 4,048
Gas/Oil 1,603
Renewable 1,906
Hydro 1,410
Wind 476
Solar 20
Total 17,858 MW
October 8, 2014Electricity Market Design Under Long-Term Decarbonisation:
Challenges and Opportunities
IEA-EPRI Workshop
Paris, France
Principles of a World Class Electric System
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Safety
Reliability
Affordability
Environmental
Protection
October 8, 2014Electricity Market Design Under Long-Term Decarbonisation:
Challenges and Opportunities
IEA-EPRI Workshop
Paris, France
An Evolving Landscape
■ Depressed wholesale prices
■ Environmental regulation
■ Influx of natural gas
■ Energy efficiency
■ Demand response
■ Intermittent renewables
■ Distributed generation
October 8, 2014Electricity Market Design Under Long-Term Decarbonisation:
Challenges and Opportunities5
IEA-EPRI Workshop
Paris, France
Rooftop Solar and the Electric Grid
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Image courtesy of EPRI
Mon Tue Wed Thu Fri Sat Sun
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Site
Dem
and
(kW
)
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October 8, 2014Electricity Market Design Under Long-Term Decarbonisation:
Challenges and Opportunities
IEA-EPRI Workshop
Paris, France
Measured Evolution: The Key to Our
Energy Future
October 8, 2014Electricity Market Design Under Long-Term Decarbonisation:
Challenges and Opportunities7
Image courtesy of EPRI
IEA-EPRI Workshop
Paris, France
Changing the Conversation
October 8, 2014Electricity Market Design Under Long-Term Decarbonisation:
Challenges and Opportunities8
No one-size-fits-all solution
Drive fair pricing
through policy
changes
3Appropriately
value different
types of
generation
2Move beyond
consumption-based
billing and address
issues with net
metering
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