| Speaker | Mr. Kenan Ögelman, Vice President, Commercial Operation, ERCOT(The Electric Reliability Council of Texas, Inc.) |
|---|---|
| Time | 17:30-19:00, May 17th Fri, 2024 (Doors open at 17:00) |
| Venue | 5th Floor, Lecture Room L, GRIPS, 7-22-1 Roppongi, Minato-ku, Tokyo (Access ) |
| Sponsor | GRIPS Innovation, Science and Technology Policy Program (GIST) |
| Language | English (No Interpreter) |
| Fee | Fee: Free (Pre-registration required) |
Outline:
Texas Power(Electricity) is at a crossroads. Surging energy demand is forcing industry leaders to make hard decisions about their future. One road may lead to more reliable and affordable energy for Texans and the rest of the world, while the other may upend decades of progress. How can policymakers, regulators and market participants navigate the unmarked roads?
Texas Power system is well known as "Energy-Only Market" and independent.
It has been liberalized since 2002.
What historical lessons can be applied to avoid unintended consequences?
Since Winter Storm Uri knocked out power throughout Texas in February 2021, causing billions of dollars in damage and hundreds of deaths, preparing the Texas grid for extreme weather has been a top priority for the state. But the power grid -- serviced by the Electric Reliability Council of Texas (ERCOT) -- faces other pressures. Population growth, economic expansion, increased adoption of electric vehicles, and cryptocurrency mining have all placed increased demands on the state's energy infrastructure.
Texas has become as the No. 1 state for wind-powered generation and the top state in the nation for utility-scale solar, with fossil fuel power serving as the backbone of the Texas grid. Texas is also as the epicenter of the nuclear energy supply chain. So, the Advanced Nuclear Working Group has founded to make efforts to create the latest nuclear energy technology that will help power the electric grid of tomorrow.
How Texas can adapt the grid to meet its evolving energy needs.And are energy consumers and producers united or divided on the path forward?
In Japan, after the liberalization of power market , we have faced similar challenges to develop resilient electricity system.
At this seminar, Mr. Kenan Ögelman will give his views and some suggestions to us about the future power market design.
After his presentations, Prof. Hisanori Nei of GRIPS will moderate the panel discussion and Q&A sessions.
Seminar Info (Details)/
Presentation Slide: pdf
Presentation Video: https://www.youtube.com/watch?v=ybXIP9KDQAo
