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...
Every day across the country, animals enter substations for warmth, food, security, or simply out of curiosity. In many areas, wildlife intruding into power equipment has become the leading cause of outages – even more common than storms or vegetation. A single substation outage can cost tens...
As substations become more interconnected and automated, they are increasingly vulnerable to cyberattacks. These critical nodes of the power grid are essential for ensuring a stable and reliable energy supply, making their protection paramount. Strengthening substation automation controls is key to...
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...
Utilities worldwide are adopting innovative technology to embrace the potential of the Smart Grid while conquering a myriad of new challenges posed by it, and by a new host of financial and regulatory challenges. In order to take advantage of the opportunities presented, while at the same time,...
A Smart substation digitizes protection and control, enabling utilities to detect faults faster, manage DER volatility, and reduce outage risk. The payoff depends on architecture, cybersecurity, and edge analytics, not just new relays. The shift toward smart substations is inseparable from broader...
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...
