SERVICES / POWER & COMMODITIES MARKETS
Thorndike Landing specializes in the analysis of power, commodity and emissions markets, advising our clients with a broad array of activities from developing business strategies, effectuating a divestiture or acquisition, to supporting a financing activity. Our bespoke models integrate several modules to form a comprehensive analytical framework and capture the interrelations and dynamics between markets, including:
- Commodities module, including natural gas, coal, and a wide range of fuel oils
- Carbon module to capture the dynamic nature of this factor where it applies, as well as EPA’s Clean Power Plan outcomes
- Wind module, to capture the impact of varying wind speeds on power prices
- Energy module, to forecast unit dispatch in an hourly, 20-year modeled market
- Capacity module, to model the specific capacity market regime in a given market, such as the bid stacks in PJM RPM, NY ICAP, FCM, MISO, and CAISO Resource Adequacy, or ERCOT ORDC type energy-only market dynamics
- Ancillary Services module to support development, transactions, and financing of storage assets in mileage and capacity markets, as well as other unique asset bundles
Services
- Power Market Modeling & Analysis for Merchant Assets or Merchant Tails
- Fuel & Commodities Market Analysis for an Appropriate Range of Scenarios
- Renewable Energy Credit (REC) Analysis and Forecasts
- Financing Support, including Independent Market Reports
- Market Entry Analyses, including Reasonableness of Wind and Solar Forecasts
- Curtailment Analysis
- Wholesale Market Design
- Retail Market Analyses – Behind the Meter Economics
- Supply & Demand Forecasting
- Bankruptcy & Restructuring Initiatives
- Litigation Support
- Regulatory / Legislative Policy Impact Assessment – Clean Power Plan, State Initiatives, REC Forecasting
- Bid and Offer Analysis for Individual Generators – Competitive Intelligence on Capacity and Energy Market Bid Behavior
- Yieldco Analysis – Bottom Up, including PPA and Production Research
- Financial Valuation of Power- and Gas-Related Assets and Businesses
Sample Markets and Assets
| PJM Energy, Capacity (RPM) | Engie Portfolio |
| Regulation Mileage and Capacity | GenOn Portfolio |
| Calpine Portfolio | |
| On-the-Shale CC’s | |
| Refueling and Repowering | |
| Glidepath, EdF, RES Americas Battery Storage | |
| Wheelabrator Portfolio | |
| Bruce Mansfield | |
| Mad River (Litigation Support) | |
| Lakeside (Hazleton) | |
| ERCOT Energy and Scarcity | TXU/EFH portfolio |
| NRG Gas Steam Assets | |
| Riverstone Portfolio | |
| Bosque (Litigation Support - Bankruptcy) | |
| Odessa | |
| Gregory | |
| Navasota Portfolio | |
| Lyondell | |
| Clear Lake, Texas City | |
| New York ISO Energy and Capacity (ICAP) | TransCanada Portfolio – Ravenswood |
| Zone J, Rest of State (ROS), Lower Hudson Valley (LHV) | Astoria Steam, SCS, SCS II |
| Narrows & Gowanus | |
| Lyondell (Divestiture) | |
| Lakeside (Syracuse & Beaver Falls) | |
| Niagara Falls | |
| Rensselaer Cogen | |
| Empire CC | |
| Danskammer | |
| Roseton | |
| Somerset & Cayuga | |
| Noble Wind Portfolio | |
| ISO New England Energy and Capacity (FCM) | Mystic (Litigation Support – Bankruptcy) |
| Regulation Mileage and Capacity | Fore River |
| Rhode Island State Energy Center (RISEC) | |
| Wheelabrator Portfolio | |
| Tiverton | |
| Rumford | |
| Bridgeport CC | |
| GenConn Portfolio (Market Testimony) | |
| Winooski One Hydro Plant (Testimony – Arbitration Support) | |
| Northfield Mountain and other Engie Portfolio Assets (incl. Regulation Market and LFRM) | |
| MISO Energy and Capacity (Zone 4 Resource Adequacy – Module E) | Dynegy Portfolio |
| Clinton Nuclear | |
| Ameren Portfolio | |
| Plum Point Arkansas | |
| CAISO and WECC | CPV Sentinel |
| Energy, Resource Adequacy, Flex Market | Palo Verde |
| Mesquite CC | |
| High Desert | |
| Blythe CC | |
| Solana | |
| Klamath Falls | |
| Pio Pico | |
| Alberta Energy-Only Market | Renewable Portfolio |
| SERC | Avoided Cost Assets |