Recently, in a historic meeting of the NAESB Gas-Electric Harmonization Forum, Skipping Stone President Greg Lander presented on Market Implications and Considerations for Enhanced Scheduling Flexibility. The presentation was greeted with enthusiasm by the natural gas and electric experts assembled in Houston to examine the problem and possible solutions.
Greg has long been recognized as an authority in the energy industry. Among other activities, Greg has been instrumental in the development of the proposal and bylaw changes in the formation of North American Energy Standards Board (NAESB) and has handled all market assessment, forward basis research and transportation competition modeling for several proposed major pipelines and laterals that are now under-construction to provide new outlets for growing southwestern shale production.
The Market Harmonization presentation addresses the following principles:
- Gas and electric wholesale markets should be economically and operationally coordinated so that products and services in each market generate effective and actionable price signals in and across these two markets, and so that appropriate, right sized, investments are called forth in a timely manner.
- Regulations, wherever possible, should be aimed at establishing self-correcting market structures that will further serve to support the generation of appropriate price signals that will incentivize market players to meet established policy goals.
- Accurate and efficient price signals in both the gas and electric wholesale markets will determine the correct mix of investments.
You can find three of Skipping Stone’s whitepapers and presentations on energy market enhancements here: