Recent Market Design Enhancements to Address Evolving Resource Adequacy Concerns

Innovation Webinar discussing recent market design enhancements throughout the country to address evolving resource adequacy concerns. Approximately 200 GW of nameplate wind and solar capacity have been added to the U.S. power grid during the past two decades. Recently enacted federal incentives in the Inflation Reduction Act (IRA) will accelerate the investment in, and deployment of clean energy and storage across the U.S. Amidst this rapid transformation to a cleaner electric system, reliability events resulting from changing system attributes, combined with extreme weather events, have led to the recent introduction of several design enhancements in wholesale power markets throughout the country. Subject matter experts will explain these market enhancements in CAISO, ERCOT, and ISO-New England and explore the different roles and interplay between market operators and regulators in addressing ongoing resource adequacy concerns.

Moderator: Commissioner Ann Rendahl, Washington Utilities and Transportation Commission

Speakers:

Beth Garza – Senior Fellow, R Street
Anna McKenna – Vice President, Market Policy and Performance, CAISO
Steven Otto, PhD, Economist – ISO-New England

Host: National Association of Regulatory Utility Commissioners (NARUC)