ScottMadden, Inc., one of North America’s leading energy consulting firms, has released its latest edition of The Energy Industry Update (EIU). Themed “Recalibration,” this report focuses on the strategic drivers propelling our industry, including the Federal Energy Regulatory Commission’s (FERC) inquiry into resilience in the bulk power system.
In January 2018, FERC rejected a call from the Department of Energy (DOE) to promulgate a rule requiring wholesale power markets to price generation resources that provide system resilience, defined by DOE principally as those with on-site fuel supply. FERC, however, acknowledged the importance of resilience and initiated a new proceeding to investigate resilience in bulk power systems, receiving comments from regional transmission organizations and independent system operators in mid-March, with comments due from others by mid-May.
So, what is resilience? What tools can or will FERC use to address resource requirements required for resilience? Have stakeholders conflated debates over the role of power markets and state imperatives, the need for reliability and resilience, and the advocacy for certain energy resource types? If so, will that make solutions more difficult and perhaps less durable? This Update seeks to address these questions and more.
“We think that every stakeholder wants a resilient and robust electric power system,” says Cristin Lyons, partner and energy practice leader at ScottMadden. “The challenge, however, is to arrive at a common and candid assessment of the issues the changing power resource mix presents, including costs and benefits.”
If you were not able to join our Energy Industry Update webcast, the complimentary recording is now available. Hear what our industry experts have to say about changes to corporate renewable power purchase agreements, Clean Power Plan repeal and replacement, and energy storage in this session replay. You may also hear more about their original analysis in this video.
About ScottMadden’s Energy Practice
We know energy from the ground up. Since 1983, we have been energy consultants. We have served more than 400 clients, including 20 of the top 20 energy utilities. We have performed more than 3,000 projects across every energy utility business unit and every function. We have helped our clients develop strategies, improve operations, reorganize companies, and implement initiatives. Our broad and deep energy utility expertise is not theoretical—it is experience based.
About ScottMadden, Inc.
ScottMadden is the management consulting firm that does what it takes to get it done right. Our practice areas include Energy, Clean Tech & Sustainability, Corporate & Shared Services, Grid Transformation, and Rates, Regulation, & Planning. We deliver a broad array of consulting services ranging from strategic planning through implementation across many industries, business units, and functions. To learn more, visit www.scottmadden.com | Twitter | Facebook | LinkedIn.