Energy Studies Institute (ESI)

Roundtable E: Unlocking Power System Flexibility:
Innovative Wholesale Market Design and Business Models

Energy-Studies-Institute
ORGANISER
Energy Studies Institute (ESI)
DATE 02 November 2018
TIME 09:00 AM - 12:00 PM
VENUE
Sands Expo and Convention Centre, Marina Bay Sands Singapore
URL

Renewable energy integration raises new challenges for grid planning and operations. Enhancing power system flexibility is key to coping with large disturbances resulting from renewable energy integration. Flexibility assets such as dispatchable thermal generation, demand-side resources and electricity storage must be considered to ensure regulation of supply. As the roles of market players are changing with the introduction of new technologies and flexibility assets, the wholesale electricity market design needs to be reviewed.

An innovative market design is critical to provide proper valuation of flexible services and sufficient reserve capacity, ensuring system security. The market design/mechanisms introduced should be able to provide answers to the following questions to ensure the electricity market remains competitive:

  • How will thermal plants be compensated for additional costs incurred due to increased cycling (i.e. ramping up and down of thermal plants)?
  • To what extent can the aggregator of distributed energy resources provide flexible services?
  • With the introduction of intermittent energy resources, will price signals be sufficiently cost-reflective to encourage demand side participation?
  • Which business models will enable new and existing entrants to have revenue security, with the changing market conditions?
  • Will there be sufficient investment signals to encourage new entrants in the energy market?
  • Is there a need for additional incentives/policy reforms for renewable energy providers to recover their fixed cost?
  • Will the volatility of the energy markets discourage voluntary contracts which reflect the different risk preferences of market players?

This roundtable will bring together global industry experts and business leaders to access opportunities to unlock the system-wide flexibility potential through innovative market design, and investigate new business models to encourage long-term investments in modern power systems.

Programme Details

Time Presentation topics
9.00 - 9.05 AM Opening Remarks
by Dr Liu Yang, Senior Research Fellow, Energy Studies Institute, National University of Singapore
Session 1: Integrating Power Plants and Flexible Assets
9:05 - 9:20 AM Presentation: Integration of Distributed Energy Resources in Australia
by Dr Jennifer Riesz
Principal – Operational Analysis & Engineering Australian Energy Market Operator (AEMO)
pdf_smallClick here to download the presentation
9:20 - 9:35 AM Presentation: Demand Response-As the Tool of Flexibility
by Dae Kyeong Kim
Senior Energy Specialist, Asian Development and Climate Change Department, Asian Develompent Bank
pdf_smallClick here to download the presentation
9:35 - 9:50 AM Presentation: Block Chain for the Electricity Market
by Mr Nicolas Payen
CEO and Co-founder, Positive Energy Ltd.
pdf_smallClick here to download the presentation
09:50 - 10:15 AM Panel Discussion / Q&A

Moderator:
1. Dr Liu Yang
     Senior Research Fellow, Energy Studies Institute, National University of Singapore

Panellist:
2. Dr Jennifer Riesz
     
Principal, Operational Analysis & Engineering Australian Energy Market Operator (AEMO)
3. Mr Dae Kyong Kim
     Senior Energy Specialist, Asian Development Bank
4. Nicolas Payen
     CEO and Co-founder, Positive Energy Ltd
Session 2: Electricity Market Redesign
10:15 - 10:45 AM Presentation: Time of Use Pricing and Smart Contracts
by Mr Cheng  Zhiwei
Head of Product and Strategy, Electricity
pdf_smallClick here to download the presentation
11:00 - 11:15 AM Presentation: Global Experiences with Markets and Technologies for Grid Flexibility
by Itamar Orland
Head of Frontier Power research, Bloomberg NEFMs
11:15 - 11:30 AM Presentation: Support of Renewable Electricity and Investments in Conventional Generation - Experiences from the German 'Energiewende'
by Dr Aaron Praktiknjo
Assistant Professor, E.ON Energy Research Center at RWTH Aachen University, Germany
pdf_smallClick here to download the presentation
11:30 - 11:55 AM Panel Discussion / Q&A

Modertor:
1. Dr Liu Yang
     Senior Research Fellow, Energy Studies Institute, National University of Singapore

Panellist:
1. Mr Itamar Orlandi
      Head of Frontier Power Research, Bloomberg NEFMs
2. Dr Aaron Praktiknjo
      Assistant Professoor, E.ON Research Center at RWTH Aachen University, Germany
11:55 - 12:00 AM Closing Remarks
by Dr Liu Yang
Senior Research Fellow, Energy Studies Institute, National University of Singapore
12:00 AM End of Thinktank Roundtable E




Speakers

Aaron-Pratiknjo

Professor Aaron Praktiknjo

Assistant Professor

Energy Resources and Innovation Economics at the E.ON Energy Research Center

Jenny-Riesz

Dr Jenny Riesz

Principal

Australian Energy Market Operator (AEMO)

Dae-Kyong

Dae Kyeong Kim

Senior Energy Specialist (Smart Grids)

Sustainable Development and Climate Change Department of ADB

Nicolas-Payen

Nicolas Payen

CEO and Co-founder

Positive Energy Ltd.

Itamar-Orlandi

Itamar Orlandi

Head of Frontier Power Research

Bloomberg NEF

Liu-Yang

Dr. Liu Yang

Senior Research Fellow

Energy Studies Institute at the National University of Singapore

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