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April 29, 2015: Ontario Capacity Auction: Analysis of Feasibility and Criteria for Design Elements

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Speakers

Tom Chapman, Markets Group, IESO
Jason Chee-Aloy, Managing Director, Power Advisory LLC
Cliff Hamal, Managing Director, Navigant Economics
John Vellone, Partner, Borden Ladner Gervais LLP

Description

Join the discussion on April 29 for an analysis of the feasibility of an Ontario capacity auction to help meet the province’s electricity system resource needs. The seminar topics include:

  • Cost-benefit analysis of an IESO administered capacity auction
  • How does a capacity auction compare to other procurement options to meet Ontario’s future electricity system needs?
  • What are some risks and challenges associated with capacity auctions and how can they be managed?
  • What types of resources are suitable for a capacity auction? (i.e. suitability of wind, solar, hydro, nuclear, etc.)
  • Investment risk associated with capacity auctions
  • Efficacy and issues associated with U.S. and/or European capacity markets in meeting respective power system supply needs and how these challenges can be overcome in Ontario

Agenda

11:00 – 11:30    Registration & Networking
11:30 – 12:30    Lunch, Welcome, & Presentations
12:30 – 1:30      Discussion, Q&A
1:30 – 2:00       Networking

About the Speakers

Tom Chapman, Markets Group, IESO

Tom has close to 20 years of wide ranging energy industry experience spanning public, private and consulting roles across North America and Europe. His career began in the U.K where he worked for a joint venture start-up competing in the newly liberalised natural gas market. After moving to Ontario 10 years ago, Tom worked at the Ontario Ministry of Energy, most recently as Director, Transmission and Distribution Policy where he was responsible for advancing many electricity policy initiatives such as smart grid, network policy and energy storage. For just over a year Tom has been working for Ontario’s Independent Electricity System Operator where he is responsible for Market Design and Development.


Jason Chee-Aloy, Managing Director, Power Advisory LLC

Jason Chee-Aloy joined Power Advisory LLC in September 2010. Power Advisory LLC is a leading management consulting firm specializing in electricity market analysis, business strategy, generation and transmission procurement, policy development, regulatory and litigation support, contract management support, market design, project feasibility assessment and technical due diligence. Mr. Chee-Aloy is presently acting for multiple Canadian and non-Canadian clients with business and policy interests in Ontario, across Canada, and in the United States, within the areas of generation development and investment opportunities, transmission development, market assessment and intelligence, business strategy development, market design, and policy development. In 2011, Mr. Chee-Aloy acted for the IESO as consultant and facilitator to the Electricity Market Forum which delivered a report and roadmap for potential evolution of Ontario’s electricity market.

Prior to joining Power Advisory LLC, Jason was the Director of Generation Procurement at the Ontario Power Authority (OPA) from 2005 to 2010. Prior to joining the OPA, Mr. Chee-Aloy worked for Ontario’s IESO from 1999 to 2005 where he was closely involved with restructuring Ontario’s electricity sector through development and implementation of market design and market surveillance initiatives. From 2003 to 2005, Mr. Chee-Aloy led the IESO’s resource adequacy and capacity market initiatives by chairing the Long-Term Resource Adequacy Working Group and delivering detailed design for a forward capacity market.

Mr. Chee-Aloy has also worked as an Energy Economist, in the public and private sectors, analysing competitive electricity and natural gas markets.

Mr. Chee-Aloy holds an M.A. in Economics and graduated from York University and the University of Toronto.


Cliff Hamal, Managing Director, Navigant Economics

Cliff Hamal provides economic analysis and strategic consulting on issues involving changes in the electricity industry. He specializes on matters where a deep understanding of the nature of markets, the technical realities of power system operations and the behavior of competitive market participants are of particular value, and tends to be engaged in instances where circumstances call for innovative approaches. His work covers a broad spectrum of objectives, including advocating for changes in public policy, developing strategic solutions, valuing investment opportunities and assessing claims of market manipulation. His work has involved markets across the United States and Canada, and he has testified before courts and regulatory agencies in both countries.

The operation of capacity markets has been an issue of particular interest for Mr. Hamal for some time, including a presentation he gave to Ontario’s Market Design Committee in the late 1990s. In recent years he has been an outspoken critic of centralized annual capacity auction approaches, having given numerous speeches, articles and testimony about the shortcomings of such markets in the U.S., Canada and the U.K.


John Vellone, Partner, Borden Ladner Gervais LLP

John Vellone is a partner in the Toronto office and is a member of the Electricity Markets and IT Groups. He practises corporate/commercial and regulatory law with a focus on energy law and matters relating to the Ontario electricity sector. John specializes in the corporate/commercial and regulatory components of electricity markets and infrastructure revitalization.