REsurety’s Carl Ostridge spoke on the panel, Definition and Forecasting Methodologies, Implications and Mitigation Strategies Applied to Basis Risk
REsurety attended the ACP Resource & Technology Conference on November 14-15, 2023 in Austin, Texas. REsurety’s SVP of Analytics Services, Carl Ostridge, joined the panel, Definition and Forecasting Methodologies, Implications and Mitigation Strategies Applied to Basis Risk on Tuesday, November 14th at 9:00 am CST. Learn more about the session below.
Title: Definition and Forecasting Methodologies, Implications and Mitigation Strategies Applied to Basis Risk
Basis continues to remain a relatively new market-related risk. In most power purchase agreements with commercial buyers, the clean energy project sponsor bears such risk with a settlement point at an agreed-upon liquid market hub, as opposed to the project’s interconnection point. Evaluation of basis risk is complex and uses sophisticated production cost simulation models that mimic the wholesale electricity market. Especially in a congested grid environment, basis risk can become significant. In this session we will hear industry experts discuss the fundamentals of basis, implications of high basis risk and benefits of Grid Enhancing Technologies (GETs) deployments for congestion mitigation.
Julia Selker, Executive Director, Working for Advanced Transmission Technologies (WATT) Coalition
Carl Ostridge, SVP of Analytics Services, REsurety
Moderator: Rodica Donaldson, VP Transmission Analytics, EDF Renewables
About the event
Join your peers as we build the future of the clean energy industry. Share and discover cutting-edge technological innovations and advancements in the area of renewable energy assessment and performance and reliability improvements at ACP’s Resource & Technology Conference.
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