Manu Asthana

PJM Interconnection

President & Chief Executive Officer

Mr. Asthana has extensive leadership experience across the electricity industry, including power generation operations, optimization and dispatch, competitive retail electricity, electricity and natural gas trading, and risk management, which he acquired across more than 21 years in the industry. Most recently, he served as President of Direct Energy Home in North America, where he led a team of over 2,600 to combine the company’s retail electricity and home-services businesses, creating a leading energy and home-services provider serving over 3.4 million customers. He previously led power generation operations at Direct Energy, energy trading at both Direct Energy and at the TXU group of companies, as well as generation optimization and dispatch at TXU. In addition, Mr. Asthana also served as Chief Risk Officer of TXU Corporation, where he helped senior management and the Board quantify and manage risk in TXU’s businesses. Mr. Asthana earned a Bachelor of Science in economics from The Wharton School at the University of Pennsylvania, where he was a Benjamin Franklin Scholar and a Joseph Wharton Scholar. He is active in the community, serving on the Board of Trustees of Texas Children’s Hospital and as a Board Member of the Houston Food Bank.

SESSIONS WITH Manu Asthana

Thursday, 4 March

  • 10:55am - 11:25am (CST) / 04/mar/2021 04:55 pm - 04/mar/2021 05:25 pm

    Plenary

    Keeping the Lights On: Designing future power markets

    Panel Markets/Economics/Strategy Power & Renewables Decarbonization Pathways
    Technology and consumer preferences are reshaping the electric power industry. The declining cost of wind, solar, and energy storage—now competitive with natural gas generation in many markets—bolsters the demand for carbon-free electricity. Individuals, corporations, and governments look to electricity as the central fuel for a future low-carbon world. Power markets must evolve to incorporate this environmental demand alongside the existing tenets of the power industry—least cost and reliable. How will, and can, markets adapt to fulfill all three objectives simultaneously and efficiently? Are there limits to what markets can achieve? What are the implications for energy companies, investors, and customers? What lessons about market design have we already learned?