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SUMMARY:Contracts for transportation capacity\, competing uses of natural 
 gas and grid reliability during winter storms - Chiara Lo Prete\, Pennsylv
 ania State University
DTSTART:20241125T130000Z
DTEND:20241125T140000Z
UID:TALK223156@talks.cam.ac.uk
CONTACT:Jacque Woolley
DESCRIPTION:The increasing dependence of the electric power sector on natu
 ral gas poses vulnerabilities caused by competition for scarce pipeline ca
 pacity that are especially pronounced when both heating and electricity ne
 eds spike. During extreme cold weather events in the U.S.\, pipeline deliv
 eries to distribution companies serving heating customers receive the high
 est priority of service\, while natural gas-fired generators may have thei
 r service curtailed regardless of contractual priority. This creates grid 
 reliability challenges that are expected to become more prominent\, as ele
 ctricity consumption in U.S. residences grows while natural gas consumptio
 n for space heating declines through 2050. In her talk\, Chiara Lo Prete w
 ill discuss this pressing problem and present modeling results quantifying
  the potential benefits of prioritizing gas to power plants during winter 
 emergencies in the Northeastern U.S. 
LOCATION: Cambridge Judge Business School\, W4.03
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