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...
In recent years, digital twin technology has emerged as a game-changer in various industries, and the power sector is no exception. Digital twins are transforming how substations are managed by creating virtual replicas that provide insights into performance and potential issues. A digital...
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,...
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...
One of the important trends in the design of new overhead lines over the past 20 years has been the development of structures and designs that are less obtrusive and more pleasing visually. Much the same process has also been going on at substations. Green infrastructure begins with sustainable...
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...
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...
