PJM Wholesale Markets 2030; and Transmission for Off-Shore Wind
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Energy Policy Roundtable in the PJM Footprint #13
Presented by Raab Associates
PJM Wholesale Markets 2030
How do PJM's wholesale markets need to change over the next decade in order to effectively:
- Provide reliability, fuel security, and resilience;
- Help states achieve their carbon reduction and economic development goals;
- Accommodate state-sponsored and corporate-procured renewable energy resources with long-term contracts, as well as state ZECs;
- Anticipate technology evolution (e.g., storage) and increased electrification of the heating and transportation sectors;
- Address aging infrastructure; and
- Operate effectively with increased intermittent resources (solar/wind) and zero marginal cost resources (nuclear/solar/wind), as well as an increasingly distrusted electricity system?
There are a great panel of leaders in the PJM Footprint to discuss this timely and forward-looking panel:
- President/CEO/Chairman, PSEG, Dr. Ralph Izzo
- President, OPSI, Commissioner Michael Richard (MD PSC)
- President, Consumer Advocates of PJM States, Kristen Munsch (IL CUB)
- Senior VP Markets & Operations, PJM, Stu Bresler
Transmission for Off-Shore Wind
With New Jersey's current RFP for 1,100 MW of off-shore wind (the largest OSW RFP in the U.S. to date) and PJM's recent adoption of a problem statement and commencement of a stakeholder process related to transmission for OSW, this is an opportune time to explore a range of important policy and design issues surrounding the extension of the terrestrial transmission grid in PJM into the ocean. Some of these questions include:
- Should there be a networked/backbone transmission grid developed that OSW projects can plug into, or should each OSW development be responsible for building its own radial transmission to shore?
- What other system benefits can off-shore transmission provide, in addition to delivering OSW to shore?
- What are the advantages and disadvantages of merchant vs. incumbent developed transmission for OSW?
- What are the advantages and disadvantages of AC vs. HVDC OSW-related transmission?
- How do PJM's transmission tariff and related rights, rules, and procedures facilitate the integration of OSW today? Are there areas in need of improvement and are there benefits to the PJM system?
The excellent panel includes a regulator, a wind developer, a merchant transmission company, an academic, and a representative of PJM:
- Cynthia Holland, Director of Federal and Regional Policy, New Jersey BPU
- Clint Plummer, Head Market Strategies/New Projects, Ørsted
- Theodore Paradise, Sr. VP Transmission Strategy, Anbaric OceanGrid
- Willett Kempton, Professor, University of Delaware
- Ken Seiler, Executive Director of Planning, PJM
Networking Reception (wine, beer, and food) following Roundtable from 5:00 - 6:00PM.
***Members of the Penn community are eligible to purchase discounted tickets through the Kleinman Center's sponsorship. Please DO NOT register for a free sponsor ticket, as these will be cancelled.