28 Feb '17, 6pm

The old IPP model is 'obsolete' amid 'unprecedented disruption' in US power sector, says NRG CEO:

The old IPP model is 'obsolete' amid 'unprecedented disruption' in US power sector, says NRG CEO:

The independent power producer (IPP) model is “obsolete” given the major changes ripping across the US electricity sector, NRG Energy chief executive Mauricio Gutierrez said Tuesday. “Changes in fuel mix, consumer preference, technological innovation and increased distributed generation have put pressure on the traditional IPP model, particularly as commodity markets continue to weaken,” Gutierrez told analysts in a conference call. “I believe the IPP model is now obsolete and unable to create value over the long term.” NRG is still finding its feet after the late-2015 firing of longstanding chief executive David Crane, who engineered the New Jersey-based company’s historic push into renewables – including the launch of the first US yieldco. Under new CEO Mauricio Gutierrez NRG has backed away from some of its previous approaches to renewables, particularly the rooftop sol...

Full article: http://www.rechargenews.com/wind/1219416/ipp-model-is-obs...

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