New England's wholesale electricity markets

New England’s climate goals for carbon emissions reductions hinge on the transition from the domination of fossil fuels in electric power generation to the domination of low- and zero-emissions generators like wind, solar, and hydro. The wholesale electricity markets as currently designed will not send the price signals needed to achieve that transition, and it’s unclear whether they will be able to survive such a transition if the driving price signal is coming from outside the markets. This talk explores the innate incompatibilities between New England’s push towards clean energy and its current wholesale electricity market design at a time when regional, national, and global power markets alike are grappling with how to reconcile markets and public policy.

This talk was presented on April 11, 2018 as part of the IHS Markit Seminar Series.

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About the speaker:

Abigail Krich is the founder and president of Boreas Renewables, LLC, a consulting firm serving renewable energy developers, owners, operators, and advocates. Krich specializes in the interconnection process, Forward Capacity Market, and wholesale electricity markets managed by the Independent System Operator of New England (ISO-NE) and actively advocates with ISO-NE and in the New England Power Pool (NEPOOL) for electricity market rules and system planning that will allow for the integration of high levels of renewable energy. She currently serves as vice chair of the NEPOOL Variable Resource Working Group. Krich holds a Master of Engineering in electrical and computer engineering and a BS in biological and environmental engineering, both from Cornell University.

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