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...
How utilities can become data-driven organizations As industry challenges continue to grow, the pressure on utilities to optimize their operations has never been stronger. From amplified pressure to manage customer relationships more effectively to the ever-present need to cut operational costs,...
Smart grid is an idea of upgradation of the traditional electric grid infrastructure. The efficiency of the existing electrical grid can be automated by integrating with innovative technical equipment such as: high-tech forecasting system, digital sensors, advanced two-way communication...
Itron Inc, which makes technology to monitor energy and water usage, said it would buy Silver Spring Networks Inc., in a deal valued at about $830 million, to expand its presence in the smart city and smart grid markets. Silver Spring’s network equipment and services help transform power...
Need-to-know info for electric utilities BY LEN WHITTEN, SunGard Availability Services The electric power industry has often been a first-mover in adopting new technologies before other industries move forward with implementation. For example, electric utilities were among the first companies to...
Time-Sensitive Networking (TSN) and private 5G networks promise deterministic, low-latency communication for modern protection and control—extending real-time reliability beyond the substation fence. Why Determinism Matters In protection systems, milliseconds determine success or failure. A...
In a strategic move to tackle the growing electricity demand and bolster energy security, the U.S. Department of Energy (DOE), under Secretary Chris Wright, has announced plans to focus on expanding baseload and dispatchable power generation. This shift in priorities, outlined on January 5, 2025,...
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 shift from traditional electrical grids to smart grids marks a pivotal moment in the evolution of energy distribution and management. Smart grids leverage cutting-edge technologies like artificial intelligence (AI), the Internet of Things (IoT), and advanced automation to transform how...
The Federal Energy Regulatory Commission (FERC) has rejected a proposal from PJM Interconnection, one of the United States' largest regional transmission organizations, to alter its transmission planning protocol. The decision represents a significant victory for state regulators who had expressed...
As Texas continues to experience rapid population growth and surging electricity demand, there is increasing pressure on the state's electrical grid to meet the needs of its residents. According to Texas energy leader, Dan Woodfin, the state's grid needs a fundamental redesign to address the...
