Hill Says Competitive Power Sector Poised to Drive Sustainable Energy Transition
For Immediate Release: April 27, 2021
Contact: Christina Nyquist | firstname.lastname@example.org
Washington, D.C. – Thad Hill, president and CEO of Calpine, is the new chair of the Electric Power Supply Association (EPSA) Board of Directors following his election at the Board’s Annual Spring Meeting which took place Tuesday, April 27, 2021.
Hill will hold the chair position for one year. Chris Moser, executive vice president of operations for NRG Energy, Inc., will assume the role of EPSA’s vice chair, previously held by Morgan. Mark Sudbey, CEO of Eastern Generation, will continue as secretary-treasurer.
With competitive power markets yielding historically low power generation costs, driving emissions reductions and clean energy integration, and providing reliability benefits, Hill says EPSA and its member companies will continue to provide competitive solutions to policymakers and grid operators. He emphasizes the need to preserve the benefits of wholesale electricity markets for consumers and the reliability of America’s power grid.
“We know that competition creates the best foundation for a cleaner, more affordable, and above all else – reliable – electric grid,” said Hill. “EPSA and its members are committed to reducing emissions while minimizing the burden on consumers and maintaining reliable power. From flexible, efficient gas generation to cost-competitive renewables and battery storage, competitive power suppliers have the resources and innovative spirit needed to meet America’s energy needs today and tomorrow. We deploy capital and build resources at our own investment risk—reducing the burden on homes and businesses and providing alternatives to monopoly utility control.”
Hill says smart policy that leverages the benefits of competition will allow further progress toward cost-effective and sustainable emissions reductions.
“Policies that allow all resources to compete to reduce emissions—such as carbon pricing or a well-designed Clean Energy Standard—will yield the best outcomes at the least cost to consumers. Federal energy regulators, policymakers at every level, and market operators must also make sure that future market design preserves competition, reduces the exercise of market power, and provides investment certainty and incentives for power providers to build new resources and maintain reliability,” said Hill. “Maintaining the integrity of the competitive wholesale markets should be a primary goal for public policy,” he continued.
“Thad Hill has long been an energy leader and provided tremendous insight to help ensure Americans continue to benefit from competitive power markets,” said EPSA President and CEO Todd Snitchler. “We look forward to his leadership as we work with regulators, policymakers and stakeholders to keep America’s energy future competitive.”
Snitchler added, “I also thank our previous chair, Curt Morgan, president and CEO of Vistra Corp., who has helped EPSA share the story of competition with a new president, Congress and Administration.”
Hill has been a long-standing member of EPSA’s Board of Directors and past Chair. Prior to joining Calpine in 2008, Hill was with NRG Energy, Inc. from 2006-2008. Hill was executive vice president of strategy and business development at Texas Genco LP from 2005 to 2006. From 1995 to 2005, he was with Boston Consulting Group Inc., where he led the North American energy practice.
The Electric Power Supply Association (EPSA) is the national trade association representing America’s competitive power suppliers. EPSA members provide about 150,000 MW of reliable and competitively priced electricity from environmentally responsible facilities using a diverse mix of fuels and technologies including natural gas, wind, solar, hydropower, geothermal, storage, biomass, and coal. EPSA seeks to bring the benefits of competition to all power customers. Learn more at www.epsa.org and connect with us on LinkedIn and Twitter @EPSAnews.