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Synchronizing the Natural Gas and Power Markets

 

The wholesale gas and power markets each went through deregulation at different times. For years each market has operated just fine without the need to synchronize various rules and business practices required to coordinate closely.

Over the past several years natural gas has grown to become the dominant fuel for power generation. Now both markets have developed to be very dependent on each other. If market rules and business practices don't adapt to today's realities, there are inherent risks that may include power outages.

Although the gas/power syncing issues have many facets and appear to have regional differences and outlooks, this whitepaper focuses on the big picture issues that cross regional lines and provides a series of proposed solutions for those issues.

Authors: Greg Lander, Peter Weigand and Ross Malme

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