The implementation of the energy transition is changing existing electricity markets that have been confronted with increasingly fluctuating production and falling prices. This has not only been felt in Germany, but also in Texas, which has the highest energy consumption in the US and is also the largest electricity producer. Even though conventional power plants have so far generated the largest share of electricity; the expansion of renewable energies, particularly in the wind energy sector, has also made noticeable progress there.
This makes Texas an important partner for the political dialogue between Germany and the USA in the field of energy. Accordingly, the exchange between electricity market experts and politicians from both countries was the focus of the one-day event that was coordinated by adelphi in Austin. More than 40 experts from system and grid operators, regulatory authorities, government, companies and associations took the opportunity to discuss common challenges and opportunities of the Energiewende and to exchange experiences and proven strategies for shaping electricity markets. ERCOT, the power system operator responsible for Texas electricity markets, was represented by CEO Bill Magness, among others. The main topics included security of supply and grid stability as well as system integration of renewable energies and grid planning. The meeting of experts consisted of an all-day workshop and networking reception, and took place directly before the subsequent ERCOT Market Summit 2018.
More information on the programme and presentations can be found here.
The event was organized by adelphi and the German American Chambers of Commerce (GACC) as part of the project "Supporting the German federal government in its energy dialogues with Australia, Canada, New Zealand and the USA" on behalf of the Federal Ministry for Economic Affairs and Energy (BMWi).