Seminar Series | Market Design and Resource Adequacy Challenges for Evolving Power Systems
144 Baker Systems
1971 Neil Avenue
Columbus, OH 43210
Speaker: Bethany Frew, National Renewable Energy Laboratory
Title: Market Design and Resource Adequacy Challenges for Evolving Power Systems
Abstract: This presentation provides a summary of competitive wholesale electricity market modeling tools and analyses being conducted in the Grid Planning and Analysis Center (GPAC) at the National Renewable Energy Laboratory (NREL). A specific emphasis is placed on the impact of forward and operational market designs on investment decisions and system resource adequacy. This includes linkages that have been developed between a suite of integrated investment, market operations, and resource adequacy tools. Results from multiple analyses using this integrated modeling approach are presented. These include analyses exploring the impact of non-traditional levels of operational detail on resource adequacy assessment, how markets may need modifications to more efficiently signal for desired resource adequacy outcomes, and the impact of a wide range of market structures on investment and decarbonization outcomes.
Bio: Bethany Frew is the Group Manager of the Capacity Expansion and Electricity Market Group in the National Renewable Energy Laboratory's Grid Planning and Analysis Center, where she also oversees a team of power system modelers focused on capacity expansion, resource adequacy, and wholesale electricity market design. Her personal research interests span a wide range of topics related to grid integration of renewable energy, including the impact of wholesale electricity market structures on investment decisions and resource adequacy, the economic and operational impacts of nuclear-hydrogen hybridization, capacity credit methodologies, and operational considerations with low-cost solar deployment. Bethany holds a Ph.D. and M.S. in Civil and Environmental Engineering from Stanford University and a B.S. in Food, Agricultural, and Biological Engineering from The Ohio State University.