
Transmission
Power marketing and energy markets with John Larkey (Senior Vice President of Power Marketing @ National Grid Renewables)
Mar 13, 2025
In this engaging conversation, John Larkey, the Senior Vice President of Power Marketing at National Grid Renewables, shares his expertise in navigating the complexities of financing renewable energy projects. He discusses the shift from physical to financial trading and how corporate buyers are reshaping the power purchase landscape. The chat also delves into Virtual Power Purchase Agreements, the co-location of generation with large loads, and the urgent need for investments in transmission infrastructure, paving the way for a dynamic future in energy markets.
51:16
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Quick takeaways
- Corporate power buyers are reshaping renewable energy markets by driving demand for long-term power purchase agreements amidst increased competition and sustainability goals.
- Co-location of energy generation with large energy consumers optimizes transmission efficiency but faces regulatory hurdles that hinder progress in distribution alignment.
Deep dives
Understanding Power Marketing
Power marketing involves a wide range of activities crucial for the development and financial viability of renewable energy projects. It focuses on securing long-term contracts to ensure revenue streams essential for project financing, while also managing risk in fluctuating power markets. This includes analyzing physical and financial markets, negotiating contracts, and overseeing transactions between energy producers and consumers, effectively bridging the gap between energy generation and market demands. The role has evolved beyond securing contracts to understanding market dynamics, transmission limitations, and locational pricing impacts, which significantly influence project success.
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