2012 -13 Seminars
UK Electric Market Reform Application to Texas Power MarketIngmar Sterzing
Director, Commercial Operations for Nuclear Power Plants
Both the UK and Texas power markets have similar power infrastructure and operate with restructured generation and retail markets. Each market is facing generation capacity reductions driven by aging infrastructure, relatively low power prices, and increasing environmental controls. The UK is proposing electric market reforms to encourage generation development, improve energy security, and improve emissions. Texas has recognized that low marginal power prices and an “Energy Only” market may not be sufficient to encourage new generation development and that market changes are needed to assure generation adequacy. Aspects of the UK electric market reform may be applied to the Texas market as a means to promote new generation while maintaining the critical aspects of the restructured power market and minimizing cost and risk to stakeholders.