RTO Electricity Markets and Resource Adequacy
April 14-15, 2005 - The Hilton Washington - Washington, DC
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Markets administered by regional transmission organizations (RTOs) and independent system operators (ISOs) should provide incentives for the development of generating capacity when and where it is needed in order to meet resource adequacy objectives. To ensure that this objective is met, many RTOs/ISOs have instituted resource adequacy (or "installed capacity") markets, and RTOs/ISOs without such markets are considering adding them. But how should these objectives be established, and how should the markets be structured to provide the right incentives? Are resource adequacy markets always needed to ensure compliance with these objectives, or are they needed only under some conditions? If so, what are those conditions?

This conference will bring together a diverse group of experts with extensive experience in the restructured electricity markets that are currently in operation, as well as areas where such markets are being developed, representing a broad spectrum of viewpoints on these issues. Register today!!!

Topics Include:

• Defining The Resource Adequacy Goal - Who Sets The Standard and How?
• What is a "sufficient" amount of generating or demand response capacity? How is this resource adequacy goal defined?
• Can the market itself define resource adequacy goals? What resource adequacy goals must someone else set? Who does it? How should they do it?
• Can Prices In Today's Energy and Operating Reserve Markets Support Sufficient Investment To Meet The Resource Adequacy Goal?
• Will energy and operating reserve prices in electricity markets be able to provide incentives for sufficient investment in generating or demand-response capacity in the long run given the methods that are currently used to determine those prices?
• Are RTOs making progress on determining prices correctly during periods of scarcity? How much more progress needs to be made?
• How Do RTO Resource Adequacy Approaches Address Market Power?
• How does market power arise in resource adequacy mechanisms?
• Is a forward procurement mechanism needed?
• Is mitigation through demand curve approaches helpful/sufficient?
• Current Installed Capacity Markets: How Well Have They Worked? What Changes Were Needed? What Changes Are Proposed?
• Review and critique of past/current markets
• Review of recent ISO reform proposals and the rationale underlying those proposals
• What Else Is Necessary To Ensure That Capacity Can Be Developed Through A Market Framework?

Speakers Include:

John Chandley, Principal, LECG
Michael Cadwalader, Principal, LECG
Dave LaPlante, Vice President-Market Development, ISO New England
Barry Perlmutter, Senior Analyst, Massachusetts Dept. of Telecommunications and Energy
Richard O'Neill, Chief Economic Advisor, FERC
Abram Klein, Director-Northeast Trading, Edison Mission Marketing & Trading
Robert A. Weishaar, Jr., McNees Wallace & Nurick LLC
Peter Cramton, Professor of Economics, University of Maryland
Mark Reeder, Chief Economist-Regulatory Economics, NY State Dept. of Public Service
Andy Ott, Vice President-Market Services Division, PJM
Ron McNamara, Chief Economist and Vice President, Midwest ISO
Mark Karl, Manager-Market Design, ISO New England
Christine Tezak, Senior Vice President, Stanford Washington Research Group
Bernie Neenan, President, Neenan Associates
Stephen Wemple, Director-Retail and Regulatory Affairs, Con Edison Energy

Click Here To Download A Complete Conference Brochure
Click Here For A Complete Listing Of Upcoming Conferences