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 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...
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...
Exploring 3-D design techniques for electrical substations BY MIKE MINELLI, & HAROLD HARKONEN, Nordmin Engineering Since the 1970s, engineering consulting firms typically have been designing substations using two-dimensional computer aided design software (CAD). This common technique produces...
Reducing engineering costs using IEC 61850 BY ADAM GAUCI, Schneider Electric As substation automation is moving towards software environments based on the International Electrotechnical Commission’s substation automation standard, IEC 61850: “Power Utility Automation”, the engineering process...
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...
Artificial intelligence (AI) is transforming various industries, and the power sector is no exception. AI-powered substation automation is revolutionizing grid operations by enhancing efficiency, reliability, and responsiveness. This article delves into the role of AI in substation automation,...
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...
High Voltage Direct Current (HVDC) technology is revolutionizing long-distance power transmission, offering improved efficiency and reliability over traditional alternating current (AC) systems. This article explores the latest developments and applications of HVDC substations, providing a...
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. This article delves into the latest cybersecurity...
The transition to renewable energy is reshaping the power landscape, with grid-scale battery storage systems playing a pivotal role in this transformation. These systems are crucial for balancing supply and demand, particularly at the substation level, where they enhance grid stability and...
