Most utility customers now pay an average price for electricity that changes little (if at all) over the course of the year. Average, flat-rate, real-time pricing is akin to a form of insurance, where a premium is paid to hedge against market volatility and price spikes. Yet this approach misses the system-wide benefits of dynamic electricity pricing, in which customers pay for power through time variant rates.
Until recently, quantifying the cost of this trade-off...
Save money and increase reliability. BY JEFF GROSSHAUSER, Motorola Preparing for winter is more than just a seasonal ritual for utility providers. Electricity and gas must still power cities during violent snowstorms and extreme cold. Arguably, that power is never more needed than when extreme...
Across all industries, a growing buzz has surfaced around the term “Internet of Things” (IoT). This interest has been fostered by applications that leverage greater connectivity and the widespread use of smart devices. Given this new paradigm of information access and actionable results, it is...
The traditional utility business model of selling electricity from large-scale thermal power plants and expanding grids to meet rising demand historically has supported strong balance sheets. With this financial strength, utility retained earnings served as the primary financing source for the...
Standards are just the beginning BY RICK GEIGER, Cisco Systems The aging electrical infrastructure and utility industry is undergoing its greatest transition in a generation. Grid modernization is already having a significant impact on how the energy industry operates. As with the adoption of any...
Distributed energy resources (DERs) can benefit the power system and individual homes and businesses. DERs can increase the resiliency and reliability of the power grid, reduce greenhouse gas emissions, reduce the overall power cost, and provide power at the point of use. Several types of DERs can...
Brief Background: In the early 1900’s Aluminum Conductor Steel Reinforced (ACSR) conductor was developed to replace copper wires, due to the war effort when copper was needed for munitions. In the 1970’s growing demand for electricity inspired the development of higher capacity...
This project won EEI Transmission Project of the Year – 2016 Description: 240 circuit miles, 345 kV line, double bundleProject: Replace 1,440 miles of ACSR conductor with ACCC Objectives Improve reliability (reduced sag and corrosion) Increased capacity to serve growth (2X...
A recently published report by the US Government Accountability Office (GAO) highlights the significant cybersecurity risks facing the nation’s power grid. One of the key findings in this report is that “the grid is becoming more vulnerable to cyberattacks - particularly those involving...
If you thought growth in renewable electricity generation was a big deal – and it is – you haven’t seen anything yet. Full-scale transformation to a cleaner, smarter and more flexible grid will be driven by a suite of innovations – referred to as Distributed Energy Resources – that...
The idea of a cyberattack on the power grid may invoke images of flickering lights and a race against the clock to block an intrusion – but, often the most serious threats aren’t that obvious or dramatic.Cyber threats that target critical infrastructure facilities like the power grid...
