Hosted by The Brattle Group, the CREF 2015 utility workshop will provide utilities and governments with key insights into the implications for high renewable penetrations on island grids. The presenters will explore how utilities can mitigate the potential downside and look at models to generate potential upside. The workshop will explore, inter alia:
Exploring the Economic Implications of High Renewable Penetration Scenarios
· Higher capital cost and lower operational cost
· Increased ancillary services to balance the intermittency
· Challenge to recover higher fixed costs and lower variable costs through rates or other mechanisms
Utility Implementation Models
Incorporating variables such as risk hedging, policy environment and mitigation options, and different customer groups (i.e., low income customers), the workshop will explore:
· Options and approaches to tariff re-design
· Alternatives to tariff redesign, such as rebates
· Introducing tariff redesign to the customer base; exploring best practice.
· Alternative regulatory models compared to the traditional cost of service model
There is no fee for governments and utilities to attend; the fee for all other delegates is $400.
Courted by the world’s superpowers, pursued by a bevy of donor organizations, and challenged by a fractured and volatile global energy market, Caribbean policy-makers have their hands full. In CREF’s annual blue ribbon session, regional leaders will gather to discuss the reality behind the rhetoric and the challenges of framing long-term energy security in a world full of political and economic uncertainty.
Against a backdrop of global price volatility, how are Caribbean governments and utilities staking out long-term positions on investment in energy generation? How is that volatility impacting the environment for investment in renewables? What strategies are utilities deploying to mitigate the unpredictability of external market conditions? Are governments and utilities in lockstep as decisions are reached impacting long-term energy security?
While the growth in investment in both utility scale and distributed generation has picked up in recent years, the Dominican Republic’s potential remains largely untapped. For the uninitiated, the Dominican Republic remains challenging to navigate; for capable and patient investors, however, there is real scale and opportunity in this market. This session will gather leaders from the public and private sector to map out the current environment for electricity generation and explore public and private sector perspectives on opportunities for increased utility scale and distributed generation. Ultimately the session will seek to explore the role of renewables in the long-term energy security of the Dominican Republic, and what we can be done to accelerate the pace of investment.
The excitement is palpable; the opportunity substantial. A sound understanding, however, of the dynamics of the Cuban energy market still lags. Facilitated by the Government of Canada, and comprising key Cuban stakeholders, this session will cast light on the structure of the market, opportunities, and barriers to entry.
The amateurs have all but left the region, replaced by developers who have cut their teeth on often challenging projects world-wide. What are today’s best-in-class developers bringing to the table other than a price per kWh? How can developers help shape a fully functional enabling environment? Are developers increasingly focusing on opportunities in the commercial and industrial segment? How can we catalyze that market? Where is the financing flowing from and what can we do to attract private capital to the table?
As the pipeline of projects across the Caribbean deepens, so does the need to draw private sector capital into a market that has historically been supported largely by the multilaterals. Pivoting around a presentation of the CREF/Castalia Project Marketplace, this session will identify opportunities for private sector investment, and explore how governments and multilaterals can help draw private capital to the table. What is the commercial bank and private equity take on the regional market?
Region-wide, clean transportation is rising to the top of the political agenda. What tools do regional governments have to incentivize the penetration of clean transportation? How closely does the utility need to be engaged in policy measures? Where should responsibility of government for the financing of infrastructure transfer to the private sector? Should government mandate penetration objectives? Are PPPs the way forward to catalyze investment?
From fuel options and charging stations, to storage and grid technology, islands considering the future of transportation are presented with a bewildering array of technologies and solutions. Can we roadmap an integrated approach to the procurement of solutions and products? What do those solutions and products look like? What can we learn from islands outside the region e.g. Hawaii.
From the Dominican Republic and Barbados to St. Kitts and Aruba, the Caribbean is aggressively exploring – and in some cases actively investing in – smart grid technology. What are the economics and how are utilities weighing the investment against the demand response upside? Given the increasingly high penetration of renewables, is the question not “if” but “when”? Can smart grids obviate the need for storage or should we regard the solutions as complementary? Do microgrids have a role to play in the future of regional grid stability?
The Caribbean is well beyond the theory of storage and is increasingly well versed in the practice. From within the region, markets from Aruba and Bonaire to Puerto Rico can speak to the successes – and failures – of economic and technical approaches to storage; from without the region, we can also draw on the experience of markets such as Baja California and Kauai. Exploring lessons learned from regional and international implementation.
International support for energy security in the Caribbean continues to be strong, just as island capacity to absorb programs and funding remains limited. Increasingly Caribbean jurisdictions are seeking a responsive relationship from donor organizations and partners, one which which reflects national rather than developmental objectives. International funding remains vital, no less so Caribbean sovereignty over energy security issues. How do we achieve the right balance and where can we point to success stories?
Affordable access to energy: a simple concept but elusive in Haiti, particularly among the rural population. With a fractured grid and a challenged political system, there is no overnight solution. Donor commitment to Haiti remains, however, strong – commitment backed up by substantial capital. Led by the World Bank Group, this session will gather key government, utility and private sector stakeholders to present public sector perspectives on the future of Haiti’s energy matrix and private sector perspectives on investment and the development of distributed and utility scale renewables.