April 19, 2016

Valuing Distributed Energy Resources After Net Metering

Please note this lunch is off schedule and is happening on a Tuesday after what would have been our regularly scheduled lunch.

Please join the New York Association for Energy Economics when we welcome back Sergej Mahnovski and Stephen Wemple of Con Edison on TUESDAY, April 19th, 2016 lunch.

As part of New York's Reforming the Energy Vision, the Public Service Commission is exploring alternatives to net energy metering (NEM) to reflect the value that distributed energy resources (DERs) could provide to the grid as well as other societal objectives. The Commission has proposed valuing exports from DERs—including exports from solar facilities currently receiving NEM—based on "distribution-level marginal costs" plus the value of wholesale energy and environmental benefits. Transitioning from NEM to LMP+D+E could provide better price signals for DERs, allowing compensation to be more closely connected to the needs of the grid by location and time, thereby reducing the current cost-shift from the NEM subsidy to those customers without DER.

The presentation will discuss the various benefits that DERs provide to the grid, preliminary research on quantifying and monetizing their value, and realistic policy options for the future.

Speakers' Bios
Dr. Sergej Mahnovski is Director of the Utility of the Future team at Con Edison. He formerly served as the head of New York City's energy and sustainability agency for Mayor Michael Bloomberg, where his team was awarded the Citizens Budget Commission Prize for Public Service Innovation in 2013. Previously, Sergej was Director in the Global Power Group at IHS Cambridge Energy Research Associates and a Doctoral Fellow at RAND Corporation. Sergej also serves as Adjunct Associate Professor at Columbia University's School of International and Public Affairs, where he teaches a course on distributed energy economics. Sergej is a graduate of Stanford University, with a B.S. in Chemical Engineering and B.A. in History. He received his M.S. in Chemical Engineering from the University of California, Berkeley and a Ph.D. in Policy Analysis from the RAND Graduate School.

Stephen B. Wemple is Director, Utility of the Future, Con Edison. Stephen Wemple joined Con Edison's Utility of the Future Team in July 2015 as the Director responsible for market-related issues associated with New York's Reforming the Energy Vision (REV) proceeding. Prior to that, Mr. Wemple was Vice President of Regulatory Affairs at Con Edison's Competitive Shared Services company where he represented Con Edison's non-utility affiliates, Con Edison Development, Con Edison Energy and Con Edison Solutions in State and Federal regulatory proceedings.

Mr. Wemple has been an active participant in the New York, New England and PJM wholesale markets and served as Chair of the NYISO's Business Issues Committee in 2002. He has worked for the Con Edison family of companies for 28 years with responsibilities ranging from resource planning for steam-electric generation, the design and implementation of energy efficiency programs, the development of retail access programs as well as marketing and business development for the wholesale and retail commodity businesses. Mr. Wemple received his Bachelor of Science and Master of Engineering degrees from Cornell University and is a volunteer firefighter.