{"id":392789,"date":"2020-12-03T09:05:26","date_gmt":"2020-12-03T14:05:26","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392789"},"modified":"2020-12-03T09:05:26","modified_gmt":"2020-12-03T14:05:26","slug":"scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets\/","title":{"rendered":"ScottMadden\u2019s New Energy Industry Update Explores the Past and Future of Electricity Markets"},"content":{"rendered":"<h2>\nWholesale Markets Seek to Adapt to Changing Priorities<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>Atlanta, GA, Dec.  03, 2020  (GLOBE NEWSWIRE) &#8212; ScottMadden, Inc., one of North America\u2019s leading management consulting firms specializing in energy, recently released its latest edition of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pvsu142O8fH6VFKQjJr2ND_qDcyC494jF_SJp69jE9F_a3C8C31KX18ZFpl3l4EbuMQgFb8K5-wPfBFv2q6srEVdzqJs2kFIhcne9wuUuqKDt65Pn7jkq6OoBQ4cemfjdhZUNQTc4xWe1BmVCph_kPJtzaKVJD2qy8iLAnL5DPzVDM20YcBQDzEmFxhjIUqx8YoYvDI2NRZUaVuSpV-6wudhPrne_SpXhCHfiJLZtZYV34_0TAOf0alf-GtDnVap-lqbsL1ICw3U7NH7UMmo33k3koXQbwHn6RqOEuNsNf0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">The ScottMadden Energy Industry Update<\/a> (EIU). Themed \u201cRunning Up That Hill,\u201d this report explores how the energy industry is attempting to do extraordinary things in extraordinary times.<\/p>\n<p>Bid-based electricity markets were formed in the late 1990s and early 2000s to lower power prices through competition, technological innovation, and asset performance improvement. Capacity markets were formed to continue the same goals and ensure reliability and security of supply.\u00a0 Projected capacity needs could be procured years in advance, allowing for retention or development of supply in time to serve as capacity resources. The nature of the resources was straightforward: installed capacity, adjusted for performance, at the lowest price, with procurement being \u201cfuel agnostic.\u201d<\/p>\n<p>As we entered 2020, some markets were feeling the strains of policy differences and preferences among states, federal and state governments, and stakeholders. Market structures designed for low cost and reliability are now being tasked to consider factors such as CO<sub>2<\/sub> emissions from generators. FERC, market administrators, and other stakeholders are now working through potential adaptation of current market approaches to reach solutions that all parties can live with. Many believe market adjustments are possible, but that is not to say they will be without challenges.<\/p>\n<p>\u201cElectricity markets were formed in an era where the nation\u2019s electric resource mix and goals for utilities and states were very different than they are today. We will see further development and change in markets to accommodate new and shifting priorities. Keys to these market changes will be pricing transparency, continued power system reliability, and appropriate financial incentives. For now, stakeholders and market participants will need to remain flexible and adaptable,\u201d says <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bMLebeph8locH74wtwYzu0fhv0MihncksQeQgrSJWZhBl2BYQWnr_Wnv5WnBcIGPuv9TUmaA3fkPnrx7chpXB2GjdKVvuhyv59-1pO5YnYS1ZAK1uDH6jJsdDXO12FvhXyJPi-mC1Q_FReYQC6Qk9MdI66w9fiBoIbAfJriggnMzaxtTzIzGS1vXNc83798t3WxepK5SbGSp8HZ6sjrlc7taOYCX7uu-UtgGEUowoJg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Greg Litra<\/a>, partner at ScottMadden.<\/p>\n<p>For more information about how electricity markets plan to adapt, you can hear from Steve Courtney in this new <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4nYoKha6GLad06fEh1_F7MrxA_eq4z4EYGW0KNmIOIlkPh7PNgJ59VrCs24fttRskmrqRTVYiet9E39KGkjy2UK588PjhUYoi-GLvYmxTzk=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">video<\/a> or access our latest report <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3DHSTrqD6UBbKOrFzOkcdgCD_Xr8q3Ft-nhl2tb0crRZxZh3NJNuLv5Ryel0ROLZI07-i2svWMVe3AFiz6tTSUF1wowNGHeaUQbz3qHomiiiQzTpkZeFTJ2b7ksu9cTz-laV1vG1VgUiEvwMfDdK9gjj2v9HER_a0BlhBFn-UIpwDZM4oaUYlOZ0_SSY0Q3dVLd-C54KUlRo8c6FAwjB9Zimfeoh_khsU59USdDEqomA8qyYugcNeqKK0mZP3VFB\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">here<\/a>.<\/p>\n<p>If you were not able to join our <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hXD_frQf2HPVcEEuc-eXNpYMdDdRC8PlFGYGmfuPkzBFZ_dZDuBlZpTKu-NdFCbQEvhaRc4saaihdupiGqSi5aFkKEx5kDFmWxN5YfYHZ96zfSbSPKzA-O4sacQdP9IFlYuFSF3x-raToWva01hfnPx8qtb6FVlDHePkDilpQz1UeCo0gYIlKN7UDEoTEVntQMikFHZRS-M34399G-vb7bkGekVmqgYZIc3a5zoc1IkL60qDZc0fvpLENBKZRuJLm3DLYYVWkPrSiENmxazhQXVJEWa32hxYd0WKWzmenNCqAZ-foVXG1GdzPRujcaks\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Energy Industry Update webcast<\/a>, the complimentary recording and presentation is now available. Hear what our industry experts have to say about wholesale electricity markets, ambitions for hydrogen in the energy system of the future, and near-term plans to move toward net-zero CO<sub>2<\/sub>\u00a0emissions.<\/p>\n<p>\n        <b>About ScottMadden\u2019s Energy Practice<\/b>\n      <\/p>\n<p>We know energy from the ground up.\u00a0Since 1983, we have served\u00a0as energy consultants for\u00a0hundreds of utilities, large and small, including\u00a0all of the top 20.\u00a0We focus on Transmission &amp; Distribution, the Grid Edge, Generation, Energy Markets, Rates &amp; Regulation, Enterprise Sustainability, and Corporate Services. Our broad, deep utility expertise is not theoretical\u2014it is experience based. We have helped our clients develop and implement strategies, improve critical operations, reorganize departments and entire companies, and implement myriad initiatives.<\/p>\n<p>\n        <b>About ScottMadden, Inc. <\/b>\n      <\/p>\n<p>ScottMadden is the management consulting firm that does what it takes to get it done right. We consult in two main areas\u2014Energy and Corporate &amp; Shared Services. We deliver a broad array of consulting services ranging from strategic planning through implementation across many industries, business units, and functions. To learn more, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8c7fb5ZL149pNxnbdMKeBQzELyJKYQl2uPBNr-UySN_Xv8fx4UP10AGhhGXYGvMXqb_zH7FgTSYtLNsXwtaDXm1QAvnaY8v8n8CsRaovU8g=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.scottmadden.com<\/a> | <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gbIsnvAUJuCzbJ25y46bkjon6acore3VTxedExR32rT6iqudTOWaIBCrp8uv-5luDcmWfRi7hL8hn6k-ED6Uiw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Twitter<\/a> | <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=V-ZAO4AZVckqQA_pjC_J7mcALBOtOUiF1fRWQkj_o5jT45pK9WnO8neNBDUMuXLeOtnhUlHYB09xmmNGVF6PndGUcH_PWarhLIalmYimv0s=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Facebook<\/a> | <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qxbzrtI6OmmSuQxBQqRMLGJpyIbO58T-nWi4VCQ1zYbMSZuYXIgDNKu4_CM5Xue-L5GLDW8km614ZHznzUURNj_zeYCS3ynEmZAV43zJ14s=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LinkedIn<\/a>.<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NjMxOSMzODU1MTA5IzIwODY4NDU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/d73ebbd6-1100-4174-adf2-097ed175c9f3\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Savannah Russell\r\nScottMadden, Inc.\r\n910-528-0310\r\nsrussell@scottmadden.com\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Wholesale Markets Seek to Adapt to Changing Priorities Atlanta, GA, Dec. 03, 2020 (GLOBE NEWSWIRE) &#8212; ScottMadden, Inc., one of North America\u2019s leading management consulting firms specializing in energy, recently released its latest edition of The ScottMadden Energy Industry Update (EIU). Themed \u201cRunning Up That Hill,\u201d this report explores how the energy industry is attempting to do extraordinary things in extraordinary times. Bid-based electricity markets were formed in the late 1990s and early 2000s to lower power prices through competition, technological innovation, and asset performance improvement. Capacity markets were formed to continue the same goals and ensure reliability and security of supply.\u00a0 Projected capacity needs could be procured years in advance, allowing for retention or development of supply in time &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ScottMadden\u2019s New Energy Industry Update Explores the Past and Future of Electricity Markets&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392789","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ScottMadden\u2019s New Energy Industry Update Explores the Past and Future of Electricity Markets - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ScottMadden\u2019s New Energy Industry Update Explores the Past and Future of Electricity Markets - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Wholesale Markets Seek to Adapt to Changing Priorities Atlanta, GA, Dec. 03, 2020 (GLOBE NEWSWIRE) &#8212; ScottMadden, Inc., one of North America\u2019s leading management consulting firms specializing in energy, recently released its latest edition of The ScottMadden Energy Industry Update (EIU). Themed \u201cRunning Up That Hill,\u201d this report explores how the energy industry is attempting to do extraordinary things in extraordinary times. Bid-based electricity markets were formed in the late 1990s and early 2000s to lower power prices through competition, technological innovation, and asset performance improvement. Capacity markets were formed to continue the same goals and ensure reliability and security of supply.\u00a0 Projected capacity needs could be procured years in advance, allowing for retention or development of supply in time &hellip; Continue reading &quot;ScottMadden\u2019s New Energy Industry Update Explores the Past and Future of Electricity Markets&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-03T14:05:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NjMxOSMzODU1MTA5IzIwODY4NDU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ScottMadden\u2019s New Energy Industry Update Explores the Past and Future of Electricity Markets\",\"datePublished\":\"2020-12-03T14:05:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets\\\/\"},\"wordCount\":545,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5NjMxOSMzODU1MTA5IzIwODY4NDU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets\\\/\",\"name\":\"ScottMadden\u2019s New Energy Industry Update Explores the Past and Future of Electricity Markets - 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Themed \u201cRunning Up That Hill,\u201d this report explores how the energy industry is attempting to do extraordinary things in extraordinary times. Bid-based electricity markets were formed in the late 1990s and early 2000s to lower power prices through competition, technological innovation, and asset performance improvement. Capacity markets were formed to continue the same goals and ensure reliability and security of supply.\u00a0 Projected capacity needs could be procured years in advance, allowing for retention or development of supply in time &hellip; Continue reading \"ScottMadden\u2019s New Energy Industry Update Explores the Past and Future of Electricity Markets\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-03T14:05:26+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NjMxOSMzODU1MTA5IzIwODY4NDU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"ScottMadden\u2019s New Energy Industry Update Explores the Past and Future of Electricity Markets","datePublished":"2020-12-03T14:05:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets\/"},"wordCount":545,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NjMxOSMzODU1MTA5IzIwODY4NDU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/scottmaddens-new-energy-industry-update-explores-the-past-and-future-of-electricity-markets\/","name":"ScottMadden\u2019s New Energy Industry Update Explores the Past and Future of Electricity Markets - 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