Episode
77

Energy Market Design with Sheldon Fulton

March 22, 2023
|
Duration:
2317843
Apple Podcast Icon
Listen on Apple Podcasts
Spotify icon
Listen on Spotify

In This Episode:

Join David Arkell, John Pooley, Lysandra Naom, and Sheldon Fulton, President of Forte Business Solutions Ltd. on an episode all about energy market design. This episode features merits of regulated and unregulated markets, net zero energy markets, DERS, energy security, and more. Check out our 360 Carbon Excellence Program.

Highlights

  • Regulated vs. Deregulated Markets: In regulated markets, governments set energy prices and manage outcomes, while deregulated markets use price mechanisms to allocate resources and enable independent decision-making.
  • Price Signals for Renewable Adoption: Effective price signals are critical for driving investments in renewable energy. Deregulated markets can encourage renewables if designed with appropriate pricing structures and risk allocation.
  • Market Design for Net Zero Goals: Achieving Net Zero in energy markets requires:
    1. Accurate price signals.
    2. Clear performance metrics for energy providers.
    3. Effective risk management to enable balanced risk sharing between producers and consumers.
  • Distributed Energy Resource (DER) Integration: DERs, such as rooftop solar, can enhance grid resilience, reduce costs, and localize energy generation. Successful integration, however, requires supportive regulations and active consumer participation.
  • Challenges with Current Market Structures: Many existing markets, like Alberta's, are not optimized for renewable energy adoption, often shifting risk to consumers and failing to provide adequate incentives for low-carbon solutions.

    • Key Insights

  • Balancing Market Incentives with Security: Resilient and low-carbon energy markets require price signals that reward reliable, low-carbon options while discouraging high-carbon sources through appropriate penalties.
  • Consumer Role and Awareness: Educating consumers on market dynamics, including cost components like transmission and distribution, can improve demand response and encourage support for cleaner energy options.
  • Risk Distribution and Investment: Effective market designs allocate investment risks to producers, who are better equipped to manage them, fostering sustainable and cost-effective growth in energy infrastructure.
  • Distributed Generation Incentives: Markets should provide incentives for DER investments, such as solar panels, based on their grid value, reducing dependence on centralized, high-carbon energy systems.
  • Importance of Transparency in Market Governance: Transparent governance is essential to address inefficiencies, align market operations with societal goals like decarbonization, and enhance energy security.
    • Share this story
    Energy Infrastructure
    Energy Investment
    Energy Markets
    Risk Management
    Net Zero
    Renewable Energy
    Energy Security
    Demand Response
    Distributed Generation
    Prev

    Loading...

    Next

    Loading...

    The 2022 North American Energy Market with Stephen Schork
    The Future of Canada's Oil Industry with PTAC's COO Allan Fogwill
    What's Happening in the Energy Market – with Stephen Schork
    Monetizing Carbon
    Clean Fuels with NRCC Director of Materials for Clean Fuels Dr. Phil De Luna
    The Current Status of Canada's Oil Industry with PTAC's COO Allan Fogwill
    Zero Emission Building Basics with Dr. Tony Cupido
    Energy Markets in 8 Months with Allison Zyba
    Carbon Offsets 101
    The Foundation of Carbon Regulation
    Inside A Greenhouse: Energy Operation with Derek Schulze
    Carbon Tax and Carbon Regulation Basics
    Inside a Greenhouse: Energy Consumption with Derek Schulze
    The 360 on Energy and Carbon 2021 Recap
    Industry and Academia Partnerships with Dr. Rupp Carriveau
    Geo-Exchange's Role in Net Zero with Geosource
    Geo-Exchange Explained with Geosource
    COP26, What's Next?
    Industry ESG Strategy with ESG Global Advisors CEO Sarah Keyes
    ESG Basics with ESG Global Advisors CEO Sarah Keyes
    Sustainability Influences on Produce Supply with VP Supply Chain & Sustainability at PMA Ed Treacy
    Climate Change & The Impact on Produce Supply Chain – with Ed Treacy, VP Supply Chain & Sustainability at PMA
    Manufacturing Guide to Energy and Carbon Management with Samuel, Son & Co.'s VP Environmental, Energy, & Real Estate John Lennartz
    Samuel, Son & Co.'s Energy and Carbon Management with VP Environmental, Energy, & Real Estate John Lennartz
    The 2021 Natural Gas Spike with Market Analyst James Williams
    The North American Natural Gas Market with Market Analyst James Williams
    Managing Energy and Carbon in the Greenhouse Industry Part 2
    Managing Energy and Carbon in the Greenhouse Industry Part 1
    Hydrogen's Place in the Industry with Expert David Layzell
    Climate Change & Its Impact on Organizational Financial Planning
    The Future of Energy Storage with Hydrostor President & COO Jon Norman Part 2
    The Future of Energy Storage with Hydrostor President & COO Jon Norman Part 1
    The Future of Hydrogen with Expert David Layzell
    Climate Change & Planning for Corporate Risk
    Organizational Sustainability with Expert Bob Willard Part 2
    Organizational Sustainability with Expert Bob Willard Part 1
    The Importance of Data Management Part 2
    The Importance of Data Management Part 1
    Managing Energy and Carbon Goals
    The Energy & Carbon Business Basics
    Meet the Energy Coaches
    COP 29: Progress, Politics, and Purpose
    The Power of Thought Leadership in Energy with Ed Crooks
    Sustainable Mining & Innovations in Metal Extraction with PH7 Technologies
    Understanding Bill C-59 with Sarah Keyes
    Investing in Sustainability: Benefits for Businesses with Gerald Leonard
    Back to Basics: Energy Management, Net Zero Strategies, and Policy Impacts
    Navigating Energy Market Volatility in 2024
    The Path to Sustainable Aviation & Low-Carbon Flight
    The Rise of CleanTech: A Deep Dive with Tom Rand from ArcTern Ventures Episode
    Leader Series - Honda Canada’s EV Transition with President Jean Marc Leclerc
    Embracing Canada’s New Sustainability Disclosure Standards
    The Role of Critical Metals in Clean Energy
    Surprising Advancements in Propane Technology
    Sustainable Concrete: Innovations in Cement at Lafarge Canada
    Journey to a Sustainable Coffee Cup
    Inside the Carbon Market: Strategies and Insights from Guardyan Conservation
    Navigating Corporate Energy Challenges
    The Future of Clean Tech and Climate Action in Canada
    The 2024 European Energy Market
    Zero-Carbon Industrial Heat: The Rondo Heat Battery
    Energy Invoices
    The Role of Propane in Carbon Reduction
    Data Modeling for Real-Time Applications: Strategies and Considerations
    Sustainability in Specialty Coffee Production
    Leader Series – Sustainability and Managing Energy Featuring Staples Canada
    Entry into the Carbon Credit Sector
    Navigating the Energy Transition: Insights, Trends, and Strategies
    Solar Generation
    The Future of Rail Transport with RailVision Analytics
    Leader Series - Featuring Staples Canada
    The Energy Transition
    COP28, What’s Next?
    The 360 on Energy and Carbon 2023 Recap
    The Future of the Oil and Gas Sector with Stephen Schork
    Leadership and Decarbonization
    Carbon Capture and Removal – with Dr. Phil De Luna from Deep Sky
    What’s Happening in the 2023 Energy Markets?
    Moving Towards a Zero Emission Future with Purolator
    Leftover Food and Net Zero with Robert Lee
    The Zero Emission Transition with Purolator
    Market Literacy and Narratives in the Energy Industry with Markham Hislop
    Key Steps to a Successful Energy Transition
    Role of Compressed Air Energy Storage To Enable the Energy Transition
    Rescuing Leftover Cuisine with CEO Robert Lee
    Taking Canadian Energy International with Jacob Irving
    The Energy Transition with Markham Hislop
    Hydrostor Update with President Jon Norman
    What is the Energy Council of Canada? with Jacob Irving
    What Behaviours Support the Energy Transition? with FortisBC
    Utilities Role in the Energy Transition with FortisBC
    Ocean Sustainability with Brandon Levy
    Sustainable Ocean Alliance with Brandon Levy
    Regenerative Farming with Dipesh Mistry
    Climate Change & Farming – with Dipesh Mistry
    Circular Economy
    Net Zero Procurement Basics
    A Sustainable Business Case Study – with VeriForm Inc.
    Workforce for a Low Carbon Economy with EHRC's CEO Michelle Branigan
    Becoming a Sustainable Business – with Paul Rak
    Net Zero Procurement & Supply Chain with Bob Willard
    “What’s Happening with ESG in 2023?” with Sarah Keyes
    Net Zero Procurement with Bob Willard
    2023 Energy and Carbon Trends
    Alberta Electricity Market Case Study – with Sheldon Fulton
    Energy Market Design with Sheldon Fulton
    Energy and Industry in Europe with Henning Gloystein
    The 2023 European Energy Market with Henning Gloystein
    Calgary’s Climate Strategy Case Study – with Bob Hawkesworth
    Government & Climate Strategy with Bob Hawkesworth
    Energy Markets in 2023 with James Williams
    Innovation in Utilities with Essex Power's CEO John Avdoulos
    The Future of Utilities with Essex Power's CEO John Avdoulos
    Climate Resiliency – with Agriculture and Agri-Food Canada
    Climate Modelling & Application in Agriculture – with AAFC
    Top 5 Energy & Carbon Management Steps
    The 360 on Energy and Carbon 2022 Recap
    The Accountants Role in Organizational Sustainability with CPA Canada
    COP27, What's Next?
    Who Governs Energy?
    What Happens at a Net Zero Conference?
    Distributed Energy Resources (DERs) Basics
    Energy & Carbon in the Greenhouse Industry with OMAFRA
    The Many Names of Net Zero Carbon Emissions
    2022 Natural Gas Demands and Trends – with Stephen Schork
    2022 Natural Gas Markets – with Stephen Schork
    What's New at 360 Energy?
    Climate Change and the Impact on Industry Insurance – with IBC's Craig Stewart
    Climate Change and Insurance Basics – with IBC's Craig Stewart
    Industry Implementation of Carbon Capture Utilization and Storage (CCUS) with Richard Adamson
    The Road to Net-Zero Carbon Emissions
    Carbon Capture Utilization and Storage (CCUS) 101 – with Richard Adamson
    Operating Renewable Energy
    360 Carbon Excellence Program
    Electrifying Freight Transport
    Operating a Zero-Emission Building with Dr. Tony Cupido
    Corporate Expectations from New Graduates
    Regulated vs Deregulated Energy Markets
    Building and Managing an Energy Team – with Durez
    Renewable Energy 101
    A Sustainable Future – with Dr. Phil De Luna

    Related Episodes

    Episode
    139

    Sustainable Mining & Innovations in Metal Extraction with PH7 Technologies

    November 20, 2024
    Duration:
    1980360

    PH7 Technologies, led by Mr. DoostMohammadi, revolutionizes metal extraction through circular economy practices, recycling metals from low-grade and end-of-life products

    Episode
    136

    Back to Basics: Energy Management, Net Zero Strategies, and Policy Impacts

    October 23, 2024
    Duration:
    2345193

    360 Energy discusses the importance of energy management for businesses to reduce carbon emissions and improve financial efficiency.

    Episode
    135

    Navigating Energy Market Volatility in 2024

    October 17, 2024
    Duration:
    1778648

    Navigating energy market volatility in 2024 is crucial, with geopolitical tensions influencing trends and companies needing to manage risk effectively.

    Stay Connected – Join Our Newsletter
    Solutions
    360 ECOSEnvirally360 Carbon Excellence360 GrO
    Company
    Why UsPressContact UsBook A MeetingClient Login
    Resources
    Success StoriesFAQsArticlesPodcastWhite PapersWebinars
    Facebook
    Instagram
    LinkedIn
    X
    Apple Podcast
    Spotify
    YouTube
    © 2024 360 Energy Inc. All right reserved.
    Privacy PolicyTerms and ConditionsCookies Settings