• CERAWeek
  • March 18 - 22, 2024

Chengyao Peng

S&P Global

Research & Analysis Director

Chengyao Peng is director at S&P Global Commodity Insight and a member of the thought leadership group in global power and renewables, with a focus on Asia Pacific and China in particular. Ms. Peng has deep domain knowledge in electric power and clean energy , specializing in market fundamentals analysis, power price forecast, power market design and policy analysis, business models, company strategies, and technology trends. Ms. Peng has over 15 years of experience in leading strategy, marketing, product management and commercialization in multinational organizations, state owned enterprises, and government agencies.

Prior to joining S&P Global Commodity Insight, formerly IHS Markit, Ms. Peng spent 10 years at GE, both in the US and China, and took on various roles across energy, gas-fired power, distributed power, and renewable energy businesses. She most recently served as strategy director in GE Renewable Energy APAC. Earlier, she was an assistant general manager for eco technologies planning and investment at Sino-Singapore Tianjin Eco-city Investment and Development Co.. Prior to that, she worked as a program manager at Singapore’s Public Utilities Board. Ms. Peng holds a bachelor’s degree in environmental engineering from Tongji University, China, a master’s degree in environmental science from Stanford University, California, and a Ph.D in civil engineering from Beijing University of Technology, China. She is based in Beijing.

Sessions With Chengyao Peng

Thursday, 9 March

  • 12:00pm - 12:50pm (CST) / 09/mar/2023 06:00 pm - 09/mar/2023 06:50 pm

    Choices for Flexible Power: Gas, batteries, storage and beyond

    Power & Renewables
    As renewable generation becomes increasingly widespread in power markets globally, the associated variability and impact on system reliability are highlighting the importance of flexible power sources. Today, power markets are addressing the challenge in different ways, from ramping gas or coal fleets up and down, to enhancing transmission interconnections, leveraging pumped hydro or batteries storage and innovating demand-side management. Policies and market mechanisms are poised to evolve to incentivize and reward flexible power supply, particularly those zero-carbon solutions that can advance energy transition. Is there an optimal balance between variable renewable capacity and flexible power resources, theoretically or in practice? Which flexible solution has the most positive cost curve outlook and at what scale? What are the main policies and market mechanisms addressing flexibility today? What changes need to be made to create commercial opportunities for flexibility suppliers?