Future of Utilities Utilities of the Future

Author: Fereidoon P. Sioshansi
Publisher: Academic Press
ISBN: 9780128043202
Release Date: 2016-03-15
Genre: Technology & Engineering

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

Law and Policy for a New Economy

Author: Melissa K. Scanlan
Publisher: Edward Elgar Publishing
ISBN: 9781786434524
Release Date: 2017-05-26
Genre:

This book makes the case for a New Environmentalism, and using a systems change approach, takes the reader through ideas for reorienting the economy. It addresses the laws and policies needed to support the emergence of a new economy across a variety of major areas – from energy to food, across common pool resources, and shifting investments to capitalize locally-connected and mission-driven businesses. The authors take the approach that the challenges are much broader than setting parameters around pollution, and go to the heart of the dominant global political economy. It explores the values needed to transform our current economic system into a new economy supportive of ecological integrity, social justice, and vibrant democracy.

Modernizing America s Electricity Infrastructure

Author: Mason Willrich
Publisher: MIT Press
ISBN: 9780262342414
Release Date: 2017-11-03
Genre: Business & Economics

America's aging electricity infrastructure is deteriorating rapidly even as the need for highly reliable electric service -- driven by the explosion of digital technology -- continues to rise. Largely missing from national discussions, however, is a coherent, comprehensive national strategy for modernizing this critical infrastructure. Energy expert Mason Willrich presents just such a strategy in this book, connecting the dots across electric utilities, independent suppliers, government bureaucracies, political jurisdictions, and academic disciplines. He explains the need for a coherent approach, offers a framework for analyzing policy options, and proposes a step-by-step strategy for modernizing electrical infrastructure, end-to-end, in a way that ensures the delivery of affordable, reliable, secure, and environmentally sustainable electricity services. Willrich argues that an effective electrical infrastructure modernization strategy must incorporate flexibility, adaptability, and the capacity to coordinate policies at local, state, and federal levels. He reviews the history of America's electrification, from Edison's demonstration of the incandescent light bulb through the recent expansion of wind, solar, and energy efficiency as carbon-free energy resources. He describes the current ownership and operation of the electric industry and the complicated web of federal and state policies that govern it.

Innovation and Disruption at the Grid s Edge

Author: Fereidoon P. Sioshansi
Publisher: Academic Press
ISBN: 9780128117637
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

Distributed Generation and its Implications for the Utility Industry

Author: Fereidoon P. Sioshansi
Publisher: Academic Press
ISBN: 9780128003800
Release Date: 2014-06-26
Genre: Technology & Engineering

Distributed Generation and its Implications for the Utility Industry examines the current state of the electric supply industry; the upstream and downstream of the meter; the various technological, business, and regulatory strategies; and case studies that look at a number of projects that put new models into practice. A number of powerful trends are beginning to affect the fundamentals of the electric utility business as we know it. Recent developments have led to a fundamental re-thinking of the electric supply industry and its traditional method of measuring consumption on a volumetric basis. These developments include decreasing electricity demand growth; the rising cost of fossil fuels and its impact on electricity costs; investment in energy efficiency; increasing numbers of prosumers who generate for some or all of their own needs; and market reforms. This book examines the implications of these trends in chapters focusing on distributed and decentralized generation, transactive energy, the role of electric vehicles, any much more. Discusses the technological, business, and policy trends most impacting the electric utility sector Provides an assessment of how fast and how soon distributed energy resources may make an impact on utility sales/revenues Explores, through a series of international case studies, the implementation of strategies that may help retain the viability of the utility industry Features contributions from a number of scholars, academics, experts and practitioners from different parts of the world focused on examining the future of the electric supply industry

Smart Power Anniversary Edition

Author: Peter Fox-Penner
Publisher: Island Press
ISBN: 9781610915908
Release Date: 2014-09-16
Genre: Science

Few industries in the U.S. are as stuck in the past as our utilities are. In the face of growing challenges from climate change and the need for energy security, a system and a business model that each took more than a century to evolve must now be extensively retooled in the span of a few decades. Despite the need, many of the technologies and institutions needed are still being designed or tested. It is like rebuilding our entire airplane fleet, along with our runways and air traffic control system, while the planes are all up in the air filled with passengers. In this accessible and insightful book, Peter Fox-Penner considers how utilities interact with customers and how the Smart Grid could revolutionize their relationship. Turning to the supply side, he considers the costs of, and tradeoffs between, large-scale power sources such as coal plants and small-scale power sources close to customers. Finally, he looks at how utilities can respond to all of these challenges and remain viable, while financing hundreds of billions of dollars of investment without much of an increase in sales. Upon publication, Smart Power was praised as an instant classic on the future of energy utilities. This Anniversary Edition includes up-to-date assessments of the industry by such leading energy experts as Daniel Estes and Jim Rogers, as well as a new afterword from the author. Anyone who is interested in our energy future will appreciate the clear explanations and the in-depth analysis it offers.

Smart Grid

Author: Fereidoon Perry Sioshansi
Publisher: Academic Press
ISBN: 9780123864529
Release Date: 2012
Genre: Science

The creation of a flexible, efficient, digitized, dependable and resilient power grid may well be the best route to increasing energy efficiency & security, as well as boosting the potential of renewable & distributed power sources. However, there is still much confusion about the nature of the Smart Grid: What is it? What work needs to be accomplished in order to make it a reality? How will it benefit the drive to diversify energy resources? This book covers Smart Grids from A-Z, providing a complete treatment of the topic, covering both policy and technology, explaining the most recent innovations supporting its development, and clarifying how the Smart Grid can support the integration of Renewable Energy resources. Among the most important topics included are smart metering, renewable energy storage, plug-in hybrids, flexible demand response, strategies for offsetting intermittency issues, micro-grids for off-grid communities, and specific in-depth coverage of wind and solar power integration. The content draws lessons from an international panel of contributors, whose diverse experiences implementing smart grids will help to provide templates for success. If we intend to undertake a meaningful overhaul of the way the world uses energy resources, we ignore grid management issues at our peril. Ultimately, this important book examines what the integration challenges are, what technology and policy needs to be in place in order to support uptake, and what The Smart Grid can do to enable solutions. Provides critical information on the technological, design and policy issues that must be taken into account to ensure that the smart grid is implemented successfully Demonstrates how smart grids can help utilities adhere to increased renewable portfolio standards Provides examples of successful microgrid/smart metering projects from around the world that can act as templates for developers, operators and investors embarking upon similar projects.

Electricity Pricing

Author: Lawrence J. Vogt
Publisher: CRC Press
ISBN: 9781351837361
Release Date: 2017-12-21
Genre: Technology & Engineering

As the advent of the Smart Grid revolutionizes how homeowners and businesses purchase and manage power, electricity pricing is becoming more complicated and intricate than ever before, while the need for more frequent rate revisions remains a primary issue in the field. A timely and accessible guide for the new industry environment, Electricity Pricing: Engineering Principles and Methodologies helps those involved in both the engineering and financial operations of electric power systems to "get the money right" while ensuring reliable electric service at a fair and reasonable cost. Explores both the business functions and engineering principles associated with electricity pricing Examining pricing approaches and opportunities, this book presents tools, viewpoints, and explanations that are generally not found in contemporary literature. It clarifies valuable analysis techniques, realistic examples, and unique lessons passed along from those inside the industry. This "how to do it" guide fosters a multidisciplinary understanding that integrates information, methodologies, and techniques from accounting, economics, engineering, finance, and marketing. Detail-oriented but still mindful of the big picture, this book examines the complex relationship between electricity, customers, and service providers in relation to pricing. Electricity Pricing also: Presents mathematical methods and techniques used to establish electricity prices, determine cost causation, and evaluate pricing structures and mechanisms Explores ways to translate and integrate cost elements into practical pricing structures Details how engineering concepts are used to apportion production, delivery, and associated costs to determine cost of service and to support all aspects of ratemaking strategy, design, analysis, and decision making This comprehensive professional reference addresses theory but remains grounded in no-nonsense practical applications. It is dually suited to introduce newcomers to the technical principles and methodologies of electricity pricing and provide veterans with a valuable consolidation of advanced tools for pricing analysis and problem solving. Watch an interview of the author at http://youtu.be/4fU8nkDVhNY

Creative Destruction and the Electric Utility of the Future

Author: David J. Hurlbut
Publisher:
ISBN: 0692967389
Release Date: 2017-12-29
Genre: Political Science

Explains the dissolution of natural monopoly in electric utilities; what it means for the public interest, capital formation, and regulation; the consequences for customers and for issues such as climate change; and why political attempts to change the course of economic evolution are destined to fail.

The Power of Change

Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
ISBN: 9780309371421
Release Date: 2016-09-30
Genre: Science

Electricity, supplied reliably and affordably, is foundational to the U.S. economy and is utterly indispensable to modern society. However, emissions resulting from many forms of electricity generation create environmental risks that could have significant negative economic, security, and human health consequences. Large-scale installation of cleaner power generation has been generally hampered because greener technologies are more expensive than the technologies that currently produce most of our power. Rather than trade affordability and reliability for low emissions, is there a way to balance all three? The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies considers how to speed up innovations that would dramatically improve the performance and lower the cost of currently available technologies while also developing new advanced cleaner energy technologies. According to this report, there is an opportunity for the United States to continue to lead in the pursuit of increasingly clean, more efficient electricity through innovation in advanced technologies. The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies makes the case that America’s advantagesâ€"world-class universities and national laboratories, a vibrant private sector, and innovative states, cities, and regions that are free to experiment with a variety of public policy approachesâ€"position the United States to create and lead a new clean energy revolution. This study focuses on five paths to accelerate the market adoption of increasing clean energy and efficiency technologies: (1) expanding the portfolio of cleaner energy technology options; (2) leveraging the advantages of energy efficiency; (3) facilitating the development of increasing clean technologies, including renewables, nuclear, and cleaner fossil; (4) improving the existing technologies, systems, and infrastructure; and (5) leveling the playing field for cleaner energy technologies. The Power of Change: Innovation for Development and Deployment of Increasingly Clean Energy Technologies is a call for leadership to transform the United States energy sector in order to both mitigate the risks of greenhouse gas and other pollutants and to spur future economic growth. This study’s focus on science, technology, and economic policy makes it a valuable resource to guide support that produces innovation to meet energy challenges now and for the future.

Future Electricity Technologies and Systems

Author: Tooraj Jamasb
Publisher: Cambridge University Press
ISBN: 9780521860499
Release Date: 2006-07-20
Genre: Business & Economics

Where will our electricity come from in the future, and how will we use it? The UK is aiming for a 60% reduction of 1990 carbon dioxide emission levels by 2050, yet the electricity industry and patterns of electricity use must change radically if this is to be achieved. This authoritative overview analyses a range of possible scenarios for the future of electricity in the UK. Specialists in various renewable electricity technologies demonstrate the potential each has to play a significant role. Other routes to a low-carbon electricity system are also considered, including nuclear power, improved power electronics, a wider use of superconducting technology, and micro-generation systems including combined heat and power. The book concludes by examining opportunities for demand side improvements in architecture, industry and transport. Each chapter is written by a technical expert in a manner accessible to readers interested in energy technology, policy and economics.

Clean Power Politics

Author: Joseph P. Tomain
Publisher: Cambridge University Press
ISBN: 9781107039179
Release Date: 2017-02-28
Genre: Law

The United States has been experiencing an energy transition for over four decades, and now - thanks to the Clean Power Plan of the Obama Administration and the Paris climate agreement - a clean energy future is moving closer to reality. In Clean Power Politics, Joseph Tomain describes how clean energy policies have been developed and, more importantly, what's necessary for a successful transition to a clean energy future, including technological innovation, new business models, and regulatory reforms. The energy system of the future will minimize the environmental costs of traditional energy production and consumption, and emphasize expanded use of natural resources and energy efficiency. Because many new energy technologies can be produced and consumed at smaller scales, they will shift decision-making power away from traditional utilities and empower consumers to make energy choices about consumption and price. In this way, a clean energy future embodies a democratization of energy.

Burn Out

Author: Dieter Helm
Publisher: Yale University Press
ISBN: 9780300225624
Release Date: 2017
Genre: Business & Economics

Introduction -- The end of the commodity super-cycle -- Binding carbon constraints -- An electric future -- The US: the lucky country -- The Middle East: more trouble to come -- Russia: blighted by the resource curse -- China: the end of the transition -- Europe: not as bad as it seems -- The gradual end of big oil -- Energy utilities: a broken model -- The new energy markets and the economics of the Internet -- Conclusion

Renewable Energy Integration

Author: Lawrence E. Jones
Publisher: Academic Press
ISBN: 9780128097687
Release Date: 2017-06-16
Genre: Technology & Engineering

Renewable Energy Integration: Practical Management of Variability, Uncertainty, and Flexibility in Power Grids, Second Edition, offers a distilled examination of the intricacies of integrating renewables into power grids and electricity markets. It offers informed perspectives from internationally renowned experts on related challenges and solutions based on demonstrated best practices developed by operators around the world. The book's focus on practical implementation of strategies provides real-world context for the theoretical underpinnings and the development of supporting policy frameworks. The second edition considers myriad integration issues, thus ensuring that grid operators with low or high penetration of renewable generation can leverage the best practices achieved by their peers. It includes revised chapters from the first edition as well as new chapters. Lays out the key issues around the integration of renewables into power grids and markets, from the intricacies of operational and planning considerations to supporting regulatory and policy frameworks. Provides updated global case studies that highlight the challenges of renewables integration and present field-tested solutions and new Forewords from Europe, United Arab Emirates, and United States. Illustrates technologies to support the management of variability, uncertainty, and flexibility in power grids.

The Future of Energy

Author: Brian F. Towler
Publisher: Academic Press
ISBN: 9780128010655
Release Date: 2014-05-31
Genre: Business & Economics

Using the principle that extracting energy from the environment always involves some type of impact on the environment, The Future of Energy discusses the sources, technologies, and tradeoffs involved in meeting the world's energy needs. A historical, scientific, and technical background set the stage for discussions on a wide range of energy sources, including conventional fossil fuels like oil, gas, and coal, as well as emerging renewable sources like solar, wind, geothermal, and biofuels. Readers will learn that there are no truly "green" energy sources—all energy usage involves some tradeoffs—and will understand these tradeoffs and other issues involved in using each energy source. Each potential energy source includes discussions of tradeoffs in economics, environmental, and policy implications Examples and cases of implementing each technology are included throughout the book Technical discussions are supported with equations, graphs, and tables Includes discussions of carbon capture and sequestration as emerging technologies to manage carbon dioxide emissions