Workshop

ADBI-Stanford University Virtual Workshop on Electricity Markets in a High-Renewables World

Objectives: -Build an understanding of the dynamics of electricity markets and test various renewable and climate policy scenarios -Promote critical thinking and problem-solving mindsets to deal with climate change issues and formulate effective energy policies -Highlight lessons learned and policy recommendations for the energy market in Asia and the Pacific and encourage regional cooperation

Governments around the world are implementing increasingly ambitious renewable energy targets. Installing wind farms and solar parks is only part of the challenge of achieving these goals. Another, more technically complex task is ensuring that an electricity supply system can accommodate a high share of wind and solar energy.

This virtual workshop co-hosted by ADBI and Stanford University’s Program on Energy and Sustainable Development will examine the challenges of integrating high shares of variable renewable energy into electricity markets. Participants will play the role of electricity generation companies in a web-based game that includes three modules.

The first module will cover the basic functioning of wholesale electricity markets, including how the exercise of market power can make them less cost-effective. The second module will discuss how forward contracting for electricity can discourage generators from trying to exercise market power and how this could prevent market blow-ups. The third module will explore how electricity markets will look different in a high-renewables world and how forward contracting can ensure resource adequacy.

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Event Details

Start
September 29, 2020 10:30AM, Tuesday
End
October 01, 2020 4:30AM, Thursday
Venue

Tags

Electricity Markets

Status
Upcoming
Contact

Sponsors

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