Operating in power markets since 1995
Our job is to connect markets
There are 10 power pools in the USA and no benchmark price of power.
How Can This BE?
Power Markets are very volatile. WHY?
Power Markets are very volatile. WHY?
Power Markets are very volatile. WHY?
Renewables are the least-cost option new generation.
Input costs are stable.
Power Markets are very volatile. WHY?
Power Markets are very volatile. WHY?
Baseload, gas, renewables are all reasonably stable fuels. Heat rates are stable.
Load is consistent and knowable.
Power Markets are very volatile. WHY?
Load is consistent and knowable.
So why the volatility?
Because the power markets are broken.
The "broken-ness" today mirrors California in 2000. All short term focus, all bad.
No forward markets, no term markets, markets controlled by monopolies
JJR in Numbers and Actions
Power Markets
Done Deals, Project History
Done Deals, Project History
Over 25 years of direct experience in MISO, PJM, ISO-New England, NEPOOL. Term markets, LMP markets, cash markets, FERC Power Marketing, over 25 million MW hours traded, financed or built.
Done Deals, Project History
Done Deals, Project History
Done Deals, Project History
Solar asset development, finance, management and/or ownership in Minnesota, Connecticut and Massachusetts, New Jersey, active in SREC and ZREC markets.
Energy and Market Experience
A History of Market Operations
- 45 years market experience in commodities and energy
- Early power marketing - 1995 - MAPP
- LMP Markets - MISO
- Experience in all forms of power and risk