Future of Utilities - Utilities of the Future: How technological innovations in distributed generation will reshape the electric power sector relates the latest information on the electric power sector its rapid transformation, particularly on the distribution network and customer side. Trends like the rapid rise of self-generation and distributed generation, microgrids, demand response, the dissemination of electric vehicles and zero-net energy buildings that promise to turn many consumers into prosumers are discussed. The book brings together authors from industry and academic backgrounds to present their original, cutting-edge and thought-provoking ideas on the challenges currently faced by electric utilities around the globe, the opportunities they present, and what the future might hold for both traditional players and new entrants to the sector. The book's first part lays out the present scenario, with concepts such as an integrated grid, microgrids, self-generation, customer-centric service, and pricing, while the second part focuses on how innovation, policy, regulation, and pricing models may come together to form a new electrical sector, exploring the reconfiguring of the current institutions, new rates design in light of changes to retail electricity markets and energy efficiency, and the cost and benefits of integration of distributed or intermittent generation, including coupling local renewable energy generation with electric vehicle fleets. The final section projects the future function and role of existing electrical utilities and newcomers to this sector, looking at new pathways for business and pricing models, consumer relations, technology, and innovation. Contains discussions that help readers understand the underlying causes and drivers of change in the electrical sector, and what these changes mean in financial, operational, and regulatory terms Provides thought-provoking ideas on the challenges currently faced by electric utilities around the globe, the opportunities they present, and what the future might hold for both traditional players and new entrants to the sector Helps readers anticipate what developments are likely to define the function and role of the utility of the future
Author: Fereidoon P. Sioshansi
Publisher: Academic Press
Release Date: 2017-05-10
Genre: Business & Economics
Innovation and Disruption at the Grid’s Edge examines the viable developments in peer-to-peer transactions enabled by open platforms on the grid’s edge. With consumers and prosumers using more electronic platforms to trade surplus electricity from rooftop solar panels, share a storage battery, or use smart gadgets that manage load and self-generation, the grid's edge is becoming crowded. The book examines the growing number of consumers engaging in self-generation and storage, and analyzes the underlying causes and drivers of change, as well as the implications of how the utility sector—particularly the distribution network—should/could be regulated. The book also explores how tariffs are set and revenues are collected to cover both fixed and variable costs in a sustainable way. This reference is useful for anyone interested in the areas of energy generation and regulation, especially stakeholders engaged in the generation, transmission, and distribution of power. Examines the new players that will disrupt the energy grid markets Offers unique coverage of an emerging and unpublished topic Helps the reader understand up-to-date energy regulations and pricing innovations
Most people—including many legislators, regulators, and other decision makers in the electric utility industry—have misconceptions about how electric utilities really "work" and plan for the future. This lack of understanding can lead to poorly informed decisions and policies that directly affect the choices utilities must make. Using easy-to-understand text and examples, Electric Utility Resource Planning: Economics, Reliability, and Decision-Making clarifies how utilities operate their systems and prepare for the future. This explanation will show readers that both expected and counterintuitive results can occur (i.e., conservation might result in higher air emissions, or lowering costs could lead to higher electric rates). Taking readers step by step through this process, the book (in the following order): "Creates" a hypothetical utility Explains how and why a utility operates its system of generating units Discusses the planning methods that a utility would (or should) use Guides readers through each stage of a planning analysis for the hypothetical utility, examining various resource options (conservation, new power plants, and solar) In addition, the author introduces four Fundamental Principles of Resource Planning that should guide utilities. He also offers opinions on how certain trends in utility regulation and legislation can hinder utility planners’ efforts to identify and select the best resources for the utility’s customers. With this book, author Dr. Steven Sim applies his experience and insights from more than two decades of resource planning for Florida Power and Light (FPL). As one of the largest utilities in the United States, FPL has faced a multitude of resource planning challenges, and Dr. Sim has performed and supervised thousands of analyses designed to meet these obstacles. He has also served as an FPL witness in regulatory hearings on a wide variety of topics, ranging from the economic implications of nuclear, conservation, coal, gas, and other resource options, to the non-economic impacts (air emissions, fuel usage, system reliability, etc.) they present.
Get the latest on rapidly evolving global electricity markets direct from the scholars and thought leaders who are shaping reform. In this volume, dozens of world-class experts from diverse regions provide a comprehensive assessment of the relevant issues in today’s electricity markets. Amid a seething backdrop of rising energy prices, concerns about environmental degradation, and the introduction of distributed sources and smart grids, increasingly stringent demands are being placed on the electric power sector to provide a more reliable, efficient delivery infrastructure, and more rational, cost-reflective prices. This book maps out the electric industry’s new paradigms, challenges and approaches, providing invaluable global perspective on this host of new and pressing issues being investigated by research institutions worldwide. Companies engaged in the power sector’s extensive value chain including utilities, generation, transmission & distribution companies, retailers, suppliers, regulators, market designers, and the investment & financial rating community will benefit from gaining a more nuanced understanding of the impacts of key market design and restructuring choices. How can problems be avoided? Why do some restructured markets appear to function better than others? Which technological implementations represent the best investments? Which regulatory mechanisms will best support these new technologies? What lessons can be learned from experiences in Norway, Australia, Texas, or the U.K.? These questions and many more are undertaken by the brightest minds in the industry in this one comprehensive, cutting-edge resource. Features a unique global perspective from more than 40 recognized experts and scholars around the world, offering opportunities to compare and contrast a wide range of market structures Analyzes how the implementation of existing and developing market designs impacts real-world issues such as pricing and reliability Explains the latest thinking on timely issues such as current market reform proposals, restructuring, liberalization, privatization, capacity and energy markets, distributed and renewable energy integration, competitive generation and retail markets, and disaggregated vs. vertically integrated systems
Author: Math H. Bollen
Publisher: John Wiley & Sons
Release Date: 2011-08-04
Genre: Technology & Engineering
The integration of new sources of energy like wind power, solar-power, small-scale generation, or combined heat and power in the power grid is something that impacts a lot of stakeholders: network companies (both distribution and transmission), the owners and operators of the DG units, other end-users of the power grid (including normal consumers like you and me) and not in the least policy makers and regulators. There is a lot of misunderstanding about the impact of DG on the power grid, with one side (including mainly some but certainly not all, network companies) claiming that the lights will go out soon, whereas the other side (including some DG operators and large parks of the general public) claiming that there is nothing to worry about and that it's all a conspiracy of the large production companies that want to protect their own interests and keep the electricity price high. The authors are of the strong opinion that this is NOT the way one should approach such an important subject as the integration of new, more environmentally friendly, sources of energy in the power grid. With this book the authors aim to bring some clarity to the debate allowing all stakeholders together to move to a solution. This book will introduce systematic and transparent methods for quantifying the impact of DG on the power grid.
Author: Andres Carvallo
Publisher: Artech House
Release Date: 2011
Genre: Business & Economics
Placing emphasis on practical how-to guidance, this cutting-edge resource provides you with a first-hand, insiderOCOs perspective on the advent and evolution of smart grids in the 21st century (smart grid 1.0). You gain a thorough understanding of the building blocks that comprise basic smart grids, including power plant, transmission substation, distribution, and meter automation. Moreover, this forward-looking volume explores the next step of this technologyOCOs evolution. It provides a detailed explanation of how an advanced smart grid incorporates demand response with smart appliances and management mechanisms for distributed generation, energy storage, and electric vehicles.The Advanced Smart Grid uses the design and construction of the first citywide smart grid in the US as a case study, sharing the many successes and lessons learned. You gain working knowledge of successful tools and best practices that are needed to overcome diverse technological and organizational challenges as you strive to build a next-generation advanced smart grid (smart grid 2.0). Additionally, this unique book offers a glimpse at the future with interconnected advanced smart grids and a redesigned energy ecosystem (smart grid 3.0)."
Author: Douglas Arent
Publisher: Oxford University Press
Release Date: 2017-04-01
Genre: Business & Economics
This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. A successful clean energy transition requires navigation of a variety of political and economic factors; in many respects, these factors are more formidable than the technical challenge of replacing fossil fuel infrastructure with lower carbontechnologies. The factors of political economy are present in all countries - developing and developed countries alike - all with a unique set of national circumstances, including entrenched political actorsand interests, established policies and goals, regulatory and market paradigms, and other aspects. As far as a clean energy transition is concerned, these factors are not to be taken lightly. As governments around the world pursue their greenhouse gas reduction goals, it is critical that they learn from one another both in terms of successes and failures. Advancing this process of knowledge-sharing, to the benefit of all, but especially the most vulnerable of present and future generations, isthe raison d'�tre of this book.
Author: Jeremy Rifkin
Publisher: St. Martin's Press
Release Date: 2011-10-04
Genre: Political Science
The Industrial Revolution, powered by oil and other fossil fuels, is spiraling into a dangerous endgame. The price of gas and food are climbing, unemployment remains high, the housing market has tanked, consumer and government debt is soaring, and the recovery is slowing. Facing the prospect of a second collapse of the global economy, humanity is desperate for a sustainable economic game plan to take us into the future. Here, Jeremy Rifkin explores how Internet technology and renewable energy are merging to create a powerful "Third Industrial Revolution." He asks us to imagine hundreds of millions of people producing their own green energy in their homes, offices, and factories, and sharing it with each other in an "energy internet," just like we now create and share information online. Rifkin describes how the five-pillars of the Third Industrial Revolution will create thousands of businesses, millions of jobs, and usher in a fundamental reordering of human relationships, from hierarchical to lateral power, that will impact the way we conduct commerce, govern society, educate our children, and engage in civic life. Rifkin's vision is already gaining traction in the international community. The European Union Parliament has issued a formal declaration calling for its implementation, and other nations in Asia, Africa, and the Americas, are quickly preparing their own initiatives for transitioning into the new economic paradigm. The Third Industrial Revolution is an insider's account of the next great economic era, including a look into the personalities and players — heads of state, global CEOs, social entrepreneurs, and NGOs — who are pioneering its implementation around the world.
This annotated bibliography introduces readers to preventive approaches for making the energy requirements of modern ways of life more sustainable. Since a society can neither create nor destroy energy, all energy is temporarily borrowed from the biosphere and returned to it in degraded form. The activities of a way of life of a society that involve energy flows may be represented as a network for which the biosphere acts as the ultimate source and sink. This network and therefore the energy basis for a modern life style will be sustainable when the biosphere can perform these roles indefinitely. The present bibliography regards the preventive approaches related to energy as a capital component of preventive approaches for improving the sustainability of contemporary civilization. This book, as well as the two companion volumes, Sustainable Production and Healthy Cities, is the result of a twelve-year research project carried out at the Center for Technology and Social Development at the University of Toronto. The research findings led to the development of a new conceptual framework and strategy aimed at converting technological and economic growth into development that would gradually become more sustainable.
Author: Rik DeGunther
Publisher: John Wiley & Sons
Release Date: 2009-04-13
The myths and facts about alternative fuels–and how they impact our lives As the price of energy continues to soar, so too has the demand for alternative energy. But there's no clear "winner" in the race to replace fossil fuels. Alternative Energy For Dummies explores the current fossil fuel conundrum and society's growing need for more and more energy. Cutting through the competing claims, this book offers a multifaceted examination of alternative energy, including solar, wind, nuclear, biomass, geothermal, biofuel, and other sources. Each alternative scenario is compared to current fossil-fuel intensive practices in the scientific, environmental, social, political, and economic realms. Readers also gain insight into the future of energy production.
Author: H. Lee Willis
Publisher: CRC Press
Release Date: 2004-03-01
Genre: Technology & Engineering
Providing more than twice the content of the original edition, this new edition is the premier source on the selection, development, and provision of safe, high-quality, and cost-effective electric utility distribution systems, and it promises vast improvements in system reliability and layout by spanning every aspect of system planning including load forecasting, scheduling, performance, and economics. Responding to the evolving needs of electric utilities, Power Distribution Planning Reference Book presents an abundance of real-world examples, procedural and managerial issues, and engineering and analytical methodologies that are crucial to efficient and enhanced system performance.