Demand Response Compensation

Demand Response Compensation:
What FERC's New Rule Means to the
Future of Wholesale Energy Markets

Restructuring Today's July 26, 2011 multi-media web conference recording (audio and video slide presentation) is NOW available!

Download now for just $247 -- Restructuring Today subscribers save 10%
CD is included and shipped by first class mail in 2 business days (free S&H)

PRESENTERS:

In March, FERC proposed a new rule on demand response compensation, Order 745, which requires organized wholesale energy markets to compensate demand response resources at the locational marginal price whenever lower prices are not charged to other consumers. It is one of the biggest changes that FERC has ever made to the ISO market.

ISOs will be responsible for implementing the new energy market compensation system and are making recommendations on the best methods to accomplish this task. Wholesale market operators must make compliance filings in just a few short weeks providing estimates on how customers will benefit and when it will be cost effective to pay the market price to demand response resources.

What does the future hold for demand response in energy markets? How will this important rule be implemented? And where is the process headed in both the short and long term?

Purchase the recording of Restructuring Today's webinar "Demand Response Compensation: What FERC's New Rule Means to the Future of Wholesale Energy Markets" originally aired on Tuesday, July 26, 2011. Listen as our panel of industry experts examines what the impact of this rule will be on the market going forward. You will find out what actions the ISOs are considering and how they plan to put this rule into practice.

You will come away with a better understanding of what the rule is expected to look like after everyone weighs in. These insights will help you anticipate some of the changes the new rule will bring and how it could impact your business going forward.

Whether you are a utility executive, regulator ISO/RTO rep, demand-response service provider -- anyone who wants to better understand the ins and outs of FERC's Order 745 and how it will impact the market -- this is one session you can not afford to miss. Gain insight into why this ruling is being praised by some and lambasted by others.

Order your CD today. Use it for yourself, or better yet, set up a training session for you and other members of your staff at a time that's most convenient for everyone.

Peter Langbein is manager of demand response operations at PJM Interconnection. He manages the demand resource operations across 13 states and the District of Columbia for energy, capacity and ancillary-service markets that represented participation from more than one million customer and $500 million in revenue in 2010. Langbein is responsible for the various DR business processes and associated systems from entry into the market to the coordination of the final settlements for DR activity. Prior to joining PJM, he spent 10 years in the competitive retail electricity market across North America and three years at an investor-owned utility. Langbein has more than 17 years of experience in the wholesale and retail power markets including retail sales and marketing, commodity risk management and trading and customer care and settlements. He holds a bachelor's degree in economics from Montclair State College and a master's degree in economics from New York University.

Robert Laurita is the manager of market design for ISO New England. His responsibilities include the design and development of market rules governing the New England wholesale electricity market. In addition, he has been actively involved in the design and administration of the ISO's demand response programs and market designs that integrate demand-side resources into the wholesale electricity markets such as the Forward Capacity Market. Laurita has more than 25 years of experience in the energy and utility industry. Prior to joining the ISO in 2003, he held management positions at the Public Service Electric & Gas (PSEG), Xenergy, Applied Energy Group and InSite Services. As the manager of measurement services at PSEG, Laurita was responsible for the design, development and implementation of large-scale metering and meter data management systems that supported the implementation of retail competition in New Jersey. As the director of client services for Xenergy, he worked with electric and gas utilities throughout the United States and Europe to design, develop and implement energy efficiency and demand management programs for residential, commercial and industrial customers.

Michael Robinson is manager of market design at the Midwest ISO (MISO). He provides expertise in the design and analysis of the markets to be operated by the MISO, including the imbalance-energy, ancillary-services and congestion-management markets. He assesses the potential effects of market rules and design features on market performance. In 2003, Robinson was responsible for crafting the midwest market protocols document that formed the basis of the energy-markets tariff filed with FERC in 2004. In addition, the market protocols document is the foundation upon which the business practices manuals have been written. He also was part of the team that crafted the rules, business practices and tariff for market-based ancillary-service procurement. Robinson's major projects include developing a resource adequacy construct in the MISO footprint and incorporating demand resources into the MISO markets.

Ken Schisler is vice president of regulatory affairs for EnerNOC, a clean-technology energy solutions company with a major focus on demand response and energy efficiency. He oversees EnerNOC's FERC activities as well as state regulatory and RTO/ISO activities across North America. Prior to EnerNOC, he was chairman of the Maryland Public Service Commission. He also served as an elected member of the Maryland House of Delegates, as minority whip, and as an attorney in private practice. Schisler earned a bachelor of science in Biology and Chemistry from Salisbury State University and a juris doctor from the University of Maryland School of Law.

John Shelk is president and CEO of the Electric Power Supply Association, the national trade association representing competitive wholesale electricity suppliers. He is responsible for overall management and strategic direction, including legislative affairs, regulatory policy and public affairs. He served as a counsel to the House Energy & Commerce Committee on several energy and environmental matters, including the Clean Air Act Amendments of 1990 and what became the Energy Policy Act of 1992. Shelk earned a juris doctor degree with honors from Georgetown University and an bachelor of arts degree in American Government, also from Georgetown, where he was elected to Phi Beta Kappa and selected as a George F. Baker Scholar.