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Reactive Power Compensation for Renewable Energy: Current Models and Potential Changes, Opportunities for Developers

Recording of a 90-minute premium CLE video webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Wednesday, March 29, 2023

Recorded event now available

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This CLE webinar will provide renewable energy counsel guidance on current reactive power compensation models for renewable energy facilities and potential changes. The panel will discuss recent FERC orders and notices regarding reactive power compensation, current and potential opportunities for renewable energy facilities and developers, and key considerations and pitfalls to avoid for developers seeking additional revenue streams for reactive power compensation.

Description

Reactive power can provide generators and non-generation resources with additional revenue streams. Renewable energy counsel and developers must recognize the opportunities provided by reactive power compensation, current compensation models, and legal processes involved to obtain the revenue stream that reactive power could provide.

Reactive power helps support voltages on the transmission system to allow for the movement of real power across transmission lines. The compensation of reactive power can be employed either at load level, substation level, or at transmission level. Currently, wind and solar facilities are allowed to offer reactive power as an ancillary service into wholesale electricity markets. However, in recent years, FERC, ISOs, and RTOs are revisiting reactive power compensation models which could result in more opportunities and challenges for renewable facilities.

Renewable energy counsel and developers must familiarize themselves with current reactive compensation models and variations permitted by FERC based on a number of factors.

Listen as our panel discusses recent FERC orders and notices regarding reactive power compensation, current and potential opportunities for renewable energy facilities and developers, and key considerations and pitfalls to avoid for developers seeking additional revenue streams for reactive power compensation.

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Outline

  1. Overview of reactive power
  2. Reactive power compensation models and potential changes
  3. FERC process associated with obtaining reactive power compensation
  4. Recent developments and potential changes
  5. Solar and storage-specific opportunities and challenges

Benefits

The panel will discuss these and other key issues:

  • Reactive power compensation as an additional revenue stream for renewable energy facilities and storage
  • Current reactive power compensation models, recent developments, and potential changes
  • Navigating FERC processes associated with obtaining reactive power compensation
  • Specific opportunities and challenges for solar and storage

Faculty

Faconti, Maria
Maria C. Faconti

Partner
K&L Gates

Ms. Faconti is a partner in the firm’s Austin office. She is a member of the Power practice group. Having worked...  |  Read More

Skučas, Ruta
Ruta K. Skučas

Partner
K&L Gates

Ms. Skučas counsels her clients on energy issues, focusing primarily on electric and natural gas matters, before the...  |  Read More

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