Anbaric White Paper – New York: Smart Energy City, Smart Energy State

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Summary: Coastal cities and states like New York aspire to materially reduce their green house gas emissions by means of (1) buying more renewable energy from on and offshore intermittent resources, (2) installing appropriate and smart transmission lines, (3) installing Smart Grid devices, and (4) enhancing the operational controls of the local utility and distribution companies. Anbaric Transmission respectfully offers this White Paper as documentation of a potential path for both New York State and New York City to accomplish these goals.

Anbaric White Paper – Meeting New England’s Renewable Energy Targets: A Practical Three-Part Plan

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Summary: With the new Federal RPS of 15%, the collective states of New England will have to be generating approximately 22 million MWhs of electricity by the year 2020. This will require the addition of capacity over the next 11 years to generate tens of millions of MWhs on top of the renewables already used in New England. Given the lack of strong renewable sources in the load areas to the south and the wealth of resources to the north and offshore, both generation and transmission will be needed to meet the collective renewable needs of the states. Anbaric puts forth a three-phase plan to add not only generation (like the Cape Wind project) but also transmission upgrades to bring existing renewable resources, including offshore wind, to load centers.

Mr. Krapels’ Testimony submitted to the Senate Committee on Energy and Natural Resources

Mr. Krapels’ testimony submitted to the Senate Committee on Energy and Natural Resources on the occasion of its hearing on transmission policy can be downloaded here (PDF, 36K).
Summary: Mr. Krapels encourages Congress to take a number of actions to foster the development of transmission, including: broadening the range of reasons for which system planners choose transmission projects to include incorporating renewable energy, instead of the “reliability-only” criteria currently in place; empowering FERC to approve inter-regional projects, when disagreements between regions arise; empowering FERC to impose cost allocation solutions, when delivery of renewable energy is in question; and to make explicit competition for the development of transmission resources.

Anbaric White Paper – Integrating 200,000 MWs of Renewable Energy into the US Power Grid: A Practical Proposal

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Summary: The subject of this white paper is Mr. Krapels’ vision for the development of the U.S. Electric Grid in order to support new Renewable Energy generation. In it, he advocates a regional approach to grid development, including a focus in the Northeast and North Atlantic region on offshore wind resources.

He suggests that FERC consider preparation of a “Renewable Development Order” that would empower regional system planners to use compliance with RPS and carbon standards as legitimate criteria for causing transmission to be developed. He also suggests that, with FERC oversight, state regulators, utilities, and public authorities ought to use long-term and competitively awarded Power Purchase Agreements to help finance both Renewables and transmission.

Ed Krapels’s Past Publications:

Crude Oil Hedging: Benchmarking Price Protection Strategies

Summary: An analysis of five core hedging strategies, this book provides quantitative assessments of each strategy’s cost and benefits, as well as price correlations and liquidity effects on Nymex vs IPE.

This book can be purchased here.

Electricity Trading and Hedging: Benchmarking Price Protection Strategies

Summary: This text shows decision-makers how they can build a rationale for hedging and trading in the new power markets in the US and Europe. It also covers breaking market issues such as the role and risks of trading power on the internet and the implications of the July 1999 power price spike. Further, it explains how the electricity markets work, offers market analysis, discusses hedging and trading in electricity markets and offers conclusions.This book can be purchased here.

Natural Gas Hedging: Benchmarking Price Protection Strategies

Summary: An in-depth analysis of the rationale of hedging in the US natural gas market with a quantitative analysis of the effects of four key hedging strategies. This book can be purchased here.