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...
The rapid evolution of technology has brought significant advancements in the field of electrical substations, transforming them into highly automated, efficient, and reliable components of the power grid. These advancements are crucial in managing the increasing complexities of modern power...
Recent physical attacks on substations have heightened the industry’s awareness of the necessity for physical security of critical facilities on the bulk power system. The goal of the North American Electric Reliability Corporation (NERC) Critical Infrastructure Protection (CIP) reliability...
As the substation RTU takes on more applications, such as Human-Machine-Interface (HMI), alarm annunciation, math & logic and “relay communication processing”, its need for high availability increases. Anything that takes the RTU out of service – configuration change, firmware update, or...
One of the important trends in design of new overhead lines over the past 20 years has been development of structures and designs that are less obtrusive and more pleasing visually. Much the same process has also been going on at substations. For example, even 25 years ago, efforts had already been...
The IEC 61850 protocol has become the global standard for substation automation, enabling high-speed communication, interoperability, and streamlined integration of intelligent electronic devices (IEDs). It plays a foundational role in transforming traditional substations into digital substations...
A coalition of large energy consumers and ratepayer advocates has filed a complaint with the Federal Energy Regulatory Commission (FERC), urging the agency to prohibit transmission owners from independently planning "local" transmission projects exceeding 100 kilovolts (kV). The coalition argues...
The integration of renewable energy sources (RES) into smart grid systems represents a fundamental shift in how energy is generated, managed, and consumed. This transformation is vital for modernizing energy infrastructure, enhancing grid reliability, and fostering sustainability. The shift from a...
The Federal Energy Regulatory Commission (FERC) recently hosted the Co-Located Load Conference, a significant event that focused on resource adequacy, energy reliability, and the challenges of ensuring sufficient electricity supply amidst changing grid dynamics. As the energy landscape continues to...
In a significant move that underscores the growing demand for reliable and sustainable energy to power the expanding digital infrastructure, the Federal Energy Regulatory Commission (FERC) has approved an interconnection agreement between Talen Energy, Amazon Web Services (AWS), and Exelon. This...
In the rapidly evolving landscape of power grid management, digital twin technology is emerging as a game-changer for substations. By creating virtual replicas of physical assets, digital twins bridge the gap between the physical and digital worlds, enabling enhanced operational efficiency and...
