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Summary
As fossil retirements increasingly collide with anticipated demand growth in the US, generation tightness in key markets may drive greater value across dispatchable asset classes. Over the past five months, no fewer than five regional markets revised planning reserve margins higher or took further steps to encourage dispatchable generation to come or remain online. The near- to mid-term forecast results in greater retention of existing fossil generation — primarily coal and peaking plants — along with higher additions of gas peaking generation than previously forecast. Battery storage is also forecast to benefit from this pivot to higher generation availability and reliability.
Hear our latest quarterly Power Forecast findings as our analysts discuss the markets implementing changes and the impact on power generation availability and value.
Speakers
S&P Global Commodity Insights
Steve Piper
S&P Global Commodity Insights
Director of Energy Research
Steve Piper is Director of Energy Research with S&P Global Market Intelligence. He has been with the company since 2009. Steve specializes in market price forecasting, economic feasibility assessment, demand forecasting and environmental analysis. Steve manages strategic research and forecasting for SNL Energy’s clients in the utilities, natural gas and coal industries.
Prior to his role at S&P Market Intelligence, Steve held positions at Platts, RDI and RCG/HaglerBailly.
Steve earned a Bachelor of Arts from Grinnell College and an Master in Project Management from the School of Public Affairs at University of Maryland-College Park.
Kristin Larson, PhD
Principal Analyst Energy Research
Kristin Larson has used her extensive data science and programming experience to add depth and insight to the Market Intelligence Power Forecast, which estimates generating asset value in U.S. markets.
Kristin Larson has used her extensive data science and programming experience to add depth and insight to the Market Intelligence Power Forecast, which estimates generating asset value in U.S. markets. Her publications cover renewable energy, capacity markets, power plant profitability, and energy storage. Previously, Dr. Larson spent over fifteen years in the renewable energy forecasting industry at start-up companies and made long term demand forecasts for Seattle City Light. Her Ph.D. is in Atmospheric Science from the University of Washington and she has a Bachelor of Science in Engineering from Princeton University.
Moderator
S&P Global Commodity Insights
Arsalan Gul
S&P Global Commodity Insights
Product Manager, MI Energy
Arsalan Gul is a Product Manager within S&P Global Commodities Insights. He has been with the company since 2015.
Arsalan Gul is a Product Manager within S&P Global Commodities Insights. He has been with the company since 2015. Arsalan has been supporting the energy product within CapIQ pro, helping with client queries and building energy transition financial models. As a product manager, he works on developing the energy product roadmap and building enhancements for new markets.
Arsalan received MSc. Finance & Business Economics from Manchester Business School.
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