Exeter has extensive experience in wholesale and retail electricity markets across North America and more specifically has worked closely with end-use customers, consumer advocates, and/or state agencies in the California Independent System Operator (CAISO), Electric Reliability Council of Texas (ERCOT), PJM Interconnection (PJM), ISO New England (ISO-NE), and New York ISO (NYISO).
Exeter’s knowledge of wholesale electricity markets spans all facets of capacity, energy, and ancillary service market design, including market power mitigation, participation rules, demand response programs, auction design and pricing rules, cost allocation, reliability criteria, resource adequacy, settlement rules, and credit risk management. Exeter understands the commercial aspects of energy businesses and how they interface with wholesale market designs in different regions.
Exeter is familiar with the various regional stakeholder processes and supports our clients in these discussions through education, advocacy, and the development of alternative proposals for consideration.
We bring this understanding to bear for a wide variety of clients:
- State agencies seeking to ensure that their policy priorities are reflected in Independent System Operator/Regional Transmission Organization (ISO/RTO) markets and planning;
- Large consumers that need to understand the utility bill impacts of market changes and strategize energy purchases;
- Consumer advocates focused on promoting cost-effective rates resulting from wholesale market design; and
- Project developers looking to participate in new markets or ISOs; and
- Existing resource owners wanting a better understanding of market opportunities.
Depending on the needs and priorities of each client, Exeter will:
- Provide regular market policy updates and strategic guidance;
- Evaluate proposed changes to market practices, transmission planning, etc.;
- Participate and advocate on behalf of our clients in regional stakeholder meetings;
- Develop testimony in support of pleadings before the Federal Energy Regulatory Commission (FERC) or state public service commissions; and
- Develop market participation strategies for resource owners.