Time of Event
10:30 – 16:30 Tokyo time
Summary
Cohosted by ADBI and Stanford University’s Program on Energy and Sustainable Development, this virtual training workshop for select government officials and experts from Asia and the Pacific will examine the challenges and impacts of integrating high shares of variable renewable energy into electricity markets. It will feature web-based games, simulations, and interactive teaching to help participants learn to effectively set priorities, sequence actions, and build coalitions to realize policy change.
The workshop will begin with a short lecture on wholesale electricity market principles and discuss how transmission congestion causes locational marginal prices to vary and affects suppliers. It will go on to cover forward contracts in electricity markets, electricity market design, and day-ahead markets, renewable energy, and congestion.
The workshop will also include a networking session and group discussion cohosted by ADBI and the Energy Studies Institute at the National University of Singapore.
Objectives
- Explore electricity market dynamics and test renewable and climate policy scenarios
- Highlight critical thinking and problem-solving skills needed to formulate energy policies and fight climate change
- Identify energy market lessons and policy recommendations for Asia and the Pacific
Target Participants
Select policy makers from Asian Development Bank developing member countries and experts from think tanks, universities, and international organizations
Output
- Enhanced understanding of the challenges and impacts of integrating high shares of variable renewable energy into electricity markets
- Greater regional capacity to effectively set priorities, sequence actions, and build coalitions to realize policy change
- Policy brief which highlights key messages on renewable energy for the policy makers
Partners
- Stanford University, Program on Energy and Sustainable Development
- National University of Singapore, Energy Studies Institute