The presentation focused on the changes in PJM supply fundamentals that are creating new price dynamics and opportunities for flexible generation. Realizing opportunities to profit from real-time price volatility requires an understanding of price dynamics beyond traditional production costing. The new paradigm to realize opportunity combines granular asset modeling at 5 minute time-steps with behavioral dynamics of agent response and system fundamentals. In order to unlock the latent value of generation and drive additional profits, the presentation outlined how to:
- Understand what are the fundamental drivers creating new price dynamics
- Visualize price dynamics with geo-spatial plots that identify opportunities
- Capture additional value through quantifying risk arbitrage opportunities in a hybrid modeling framework
- Learn what technologies stand to profit the most from these changes.