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NGI Week: Gas & Renewable Markets Workshop

NGI Members and Guests

October 8, 2019 (All day)

Tresidder Memorial Union - Oak Room
459 Lagunita Drive, Ste. 6
Stanford, CA 94305-2072

Gas and Renewable Markets Workshop

Rising wind and solar output in California will place new demands on natural gas markets and the gas-fired generation fleet. As the share of renewable generation grows toward the state’s targets of 50% in 2026 and 60% in 2030, gas-fired power plants will be even more critical for backup generation during periods of low wind and solar. The gas grid will have to ensure that gas-fired units across the state receive gas wherever and whenever they need it to manage increasingly large variations in renewable output. At the same time, more frequent periods of low electricity prices when wind and solar output are high may strain the financial models of “baseload” power plants.

We will explore these linkages between gas and renewable energy markets using a web-based energy market game that has been developed at the Program on Energy and Sustainable Development at Stanford. Workshop participants will play the role of generating companies facing high-renewable-energy scenarios. As the share of renewable energy is increased, participants will be able to adjust their gas-fired generation portfolios in an effort to maintain financial viability. In another game scenario, participants will have the option of hedging their exposure to short-term natural gas prices that could spike due to gas supply constraints in periods of low wind and solar output. The workshop will conclude with a discussion about the policy and business implications of these gas-renewable linkages in a high-renewables world.

If you plan to attend, please bring a laptop computer for use in playing the game.

Contact Info

elena917@stanford.edu
650.723.1568

Elena Serrano

Travel Information

Airports

Stanford is roughly equidistant from the San Francisco and San Jose airports. Three major airports serve the San Francisco Bay Area, including San Francisco International (SFO)San Jose Mineta International (SJC), and Oakland International (OAK). Although San Francisco is the largest of the area airports and offers the most airlines and flights, some visitors find that San Jose’s smaller size makes it a somewhat more convenient alternative, especially for domestic flights.

Where to Stay

Visit Stanford's lodging guide which includes website links, rates, and contact information of local hotels, B&Bs and motels.

Stanford has two properties for lodging:

  • Rosewood Sand Hill offers luxury accommodations at special rates for Stanford visitors, as well as a spa and fine dining restaurant.
  • The Stanford Guest House, on the grounds of the SLAC National Accelerator Laboratory, is an economical favorite of Stanford visitors.

Directions & Parking

The nearest visitor parking lot is located next to the Tresidder Union, between Mayfield Ave. and Lagunita Dr. Other parking lots can be found here. Please note that parking on campus is very challenging and we recommend visitors to use public transportation or shared rides.