By Brandon Chase and Narayan Subramanian If there is one word that describes electric grid operations, it is balance. Electric supply must always equal electric demand. In the future, bulk electricity storage may provide better options for dispatching power, but currently bulk storage is not economically viable. To balance supply and demand we rely on a centrally operated balancing authority (BA). In the U.S. the most common balancing authorities are regional transmission organizations (RTOs), such as PJM in the Mid-Atlantic or MISO in the Midwest, but this also includes vertically integrated utilities that are outside of the RTO regions.
Read MoreBy Katie Gilman and Nate Kaufman In the 19th century there was money to be made in finding new ways to create light. The inauguration of Thomas Edison’s Pearl Street power plant in 1882 marked the beginning of the commercial electricity era. Over the 130 years since, the electricity industry has changed drastically, but in many ways it has remained fairly constant: centralized power plants, high voltage transmission lines, and regulated distribution companies with service and reliability requirements have dominated the electricity landscape for decades. In the last several years, however, the industry has seen some of its most fundamental changes to date, including deregulation and restructuring, energy efficiency mandates, portfolio standards, and competition from distributed generation resources.
Read MoreBy Zadie Oleksiw Last summer, seventeen CEOs and senior executives signed a letter addressed to President Obama, imploring his administration to take diplomatic and legal action against India. The letter warned him of what could become of US business if India’s various new government-funded initiatives to grow its domestic industries included what’s known as a local content provision.
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