Understanding a Diversified Power Supply Portfolio, 1/26/21

Free Virtual Event

Powering Community: Understanding a diversified portfolio

Date: Tuesday, 1/26/21
Time: 7:00 PM

Topic Overview

Much like a mutual fund or retirement plan stabilizes gains and mitigates risk through diverse investments, we can ensure greater affordability and reliability for our power supply by contracting for capacity and energy from a range of networked resources. This includes supply from renewables like wind and solar, or more traditional market purchases that do not specify the source of the power to be sold.

Local generation, in a diversified portfolio, can also serve as a backup and market financial hedge. Grand Haven Board of Light and Power (GHBLP) carefully works with our Market Participant, the Michigan Public Power Agency (MPPA), to select energy partners and short and longer-term power purchase agreements that support our community’s values of diversity, energy risk management, fiscal and environmental responsibility.

This educational event will create an opportunity for our community to learn more about the process of purchasing power from regional transmission partnerships and ask questions from the experts about that process. The presentation will conclude with a Q&A session with the presenters.

Key Points Covered

  • What exactly is “the Grid”?
  • How does GHBLP work with MPPA?
  • What is Joint Action?
  • Why should we have a diversified power supply portfolio?

Presenters


Patrick Bowland, Michigan Public Power Agency (MPPA) CEO & General Manager
Dave Koster, Holland Board of Public Works (HBPW) General Manager

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