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...
Convergence of information and operation technologies (IT & OT) to build a successful Smart Grid BY RICK NICHOLSON, Ventyx Smart Grid is a buzzword that has become an intrinsic part of the North American electric utility industry language in the past few years. Nearly every participant in the...
Connecting the ‘smart’ with the ‘grid’ with M2M technology BY JEFF DIXON, Freewave Technologies As the world becomes increasingly connected, the integration of smart devices and tools, such as sensors, process control devices, smart meters, and security cameras have increased the need for...
The increasing frequency and intensity of climate-related disasters are placing unprecedented strain on the world's electricity networks, with severe implications for global energy security. According to a recent Bloomberg report, the effects of climate change are pushing many electricity grids to...
Puerto Rico's electric utility, LUMA Energy, recently revealed plans to integrate nearly 1 GW of renewable energy and over 700 MW of energy storage into the island’s power grid. This initiative is part of a broader effort to move away from fossil fuels and to enhance the resilience and...
Reliable and secure communication infrastructure is essential to the safe and efficient operation of the modern power grid. As utilities transition to digital substations, integrate distributed energy resources (DERs), and deploy real-time monitoring systems, the need for robust, scalable grid...
The power industry is undergoing a profound transformation driven by grid modernization, renewable integration, and increasing demands for resilience and efficiency. At the heart of this evolution lies the smart substation—a next-generation facility equipped with advanced sensors, digital...
Alliant Energy has officially brought Iowa’s largest solar facility online, marking a significant milestone in the state's renewable energy landscape. The 200-megawatt (MW) Pleasant Creek Solar project, located in Linn County, is now operational and supplying clean electricity to Alliant...
Texas is at a pivotal crossroads in its energy policy, with legislative actions that could significantly reshape the state's electricity landscape. A recent report by Aurora Energy Research, commissioned by the Texas Association of Business, warns that proposed restrictions on renewable energy...
Duke Energy Florida has announced plans to build four new utility-scale solar energy facilities across the state, aimed at adding 300 megawatts (MW) of renewable energy to the grid. This expansion is part of the company’s broader strategy to increase its solar generation capacity and...
The Federal Energy Regulatory Commission (FERC) has launched a review of the rules surrounding the colocation of large energy consumers, such as data centers, with power plants within the PJM Interconnection region. This review follows concerns raised by stakeholders, including major energy...
