BEGIN:VCALENDAR VERSION:2.0 PRODID:IEEE vTools.Events//EN CALSCALE:GREGORIAN BEGIN:VTIMEZONE TZID:America/Chicago BEGIN:DAYLIGHT DTSTART:20230312T030000 TZOFFSETFROM:-0600 TZOFFSETTO:-0500 RRULE:FREQ=YEARLY;BYDAY=2SU;BYMONTH=3 TZNAME:CDT END:DAYLIGHT BEGIN:STANDARD DTSTART:20221106T010000 TZOFFSETFROM:-0500 TZOFFSETTO:-0600 RRULE:FREQ=YEARLY;BYDAY=1SU;BYMONTH=11 TZNAME:CST END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTAMP:20230208T215020Z UID:171E9FC2-A6E3-4879-8FBC-C7D4B71BDC99 DTSTART;TZID=America/Chicago:20230207T120000 DTEND;TZID=America/Chicago:20230207T130000 DESCRIPTION:Join the Berkeley Lab presenting their research:\n\nIn the Unit ed States\, most wind power capacity has been deployed in the wind-rich ce ntral region. Transmission congestion within this large region causes spat ial variation in wholesale power prices—called the basis—that can unpr edictably reduce wind plant revenue and\, hence\, possibly slow deployment . We use historical pricing and generation data from three central U.S. ma rkets to show that wind plants are more-susceptible than thermal generator s to congestion-related basis risk. Moreover\, while most thermal generato rs can effectively hedge any basis risk by purchasing conventional financi al transmission rights (FTRs)\, these fixed-volume FTRs are not a good mat ch for variable wind generation.\n\nMore-effective hedging mechanisms—fo r example\, an FTR whose volume varies with wind plant output—may be req uired to support those generators most-impacted by congestion\, and to pro mote continued investment in variable generation resources in congested ma rkets.\n\nAgenda: \nNoon - 1PM CST Program presents on Zoom.\n\nVirtual: h ttps://events.vtools.ieee.org/m/344414 LOCATION:Virtual: https://events.vtools.ieee.org/m/344414 ORGANIZER:lindholmbruce@gmail.com SEQUENCE:6 SUMMARY:Rethinking the Role of Financial Transmission Rights in Wind-Rich E lectricity Markets in the Central U.S. URL;VALUE=URI:https://events.vtools.ieee.org/m/344414 X-ALT-DESC:Description: <br /><p>Join the <strong>Berkeley Lab</strong> pre senting their research:&nbsp\;</p>\n<p>In the United States\, most wind po wer capacity has been deployed in the wind-rich <strong>central region</st rong>. Transmission congestion within this large region causes spatial var iation in wholesale power prices&mdash\;called the basis&mdash\;that can u npredictably reduce wind plant revenue and\, hence\, possibly slow deploym ent. We use historical pricing and generation data from <strong>three cent ral U.S. markets</strong> to show that <span style="text-decoration: under line\;">wind plants are more-susceptible than thermal generators to conges tion-related basis risk</span>. Moreover\, while most thermal generators c an effectively hedge any basis risk by purchasing conventional financial t ransmission rights (FTRs)\, these fixed-volume FTRs are not a good match f or variable wind generation.</p>\n<p>More-effective hedging mechanisms&mda sh\;for example\, an FTR whose volume varies with wind plant output&mdash\ ;may be required to support those generators most-impacted by congestion\, and to promote continued investment in variable generation resources in c ongested markets.</p><br /><br />Agenda: <br /><p>Noon - 1PM CST Program p resents on Zoom.</p> END:VEVENT END:VCALENDAR