Power & Utilities
Energy storage initiatives are moving forward at a swift pace to complement clean energy policies as batteries can facilitate the integration of diverse generation technologies and address grid stability. With improving economics, there is a growing discussion on the role of energy storage as a grid asset to foster reliability and optimize renewables to meet ambitious clean energy goals.
Several states are rethinking the resource adequacy paradigm as the electric resource mix changes through the addition of more intermittent resources to replace retiring coal-fired capacity and meet state decarbonization goals. Resource adequacy initiatives are intended to ensure that the planned resource mix is sufficient to meet the future system capacity needs and maintain grid reliability.
Distribution system planning is occurring across various states as utilities and regulators assess the growing need for grid integration of distributed energy resources (DER) and investments that have long-term implications for the power system.
The shift in policy priorities of the incoming administration is expected to accelerate the transformation of the power sector towards clean energy and distributed grid, continuing its trajectory driven by market dynamics, technology, and customer preferences. The strong growth of renewable energy is expected to speed up, particularly with the extension of the federal tax…...
The growing adoption of clean energy standards, energy efficiency, and customer-sited resources is driving the need for innovative ratemaking principles. Utilities are exploring rate structures that facilitate the integration of variable and distributed generation, and align customer behavior with grid needs. Smart meters are paving the way for time-based and dynamic rate options to balance the grid under the increased penetration of renewable and distributed energy resources, as well as electric vehicles.
U.S. President-elect Joe Biden’s energy agenda prioritizes clean energy and climate action, with a far-reaching strategy, which includes rejoining the Paris Climate Agreement, committing to achieve a carbon-free power sector by 2035, and banning new oil and gas permitting on public lands and waters.
Amid gigawatt-scale goals for energy storage, U.S. state policies are evolving to create more opportunities for the technology. Storage is poised to play an integral role in the changing resource mix as more states pursue zero-carbon goals, driving the need for innovative policy initiatives and programs that optimize renewable energy sources and enhance grid reliability.
The Federal Energy Regulatory Commission has issued an order on implementing reforms that expand the minimum offer price rule (MOPR) to most state-subsidized resources participating in the regional capacity market administered by PJM Interconnection LLC, which operates across 13 states and the District of Columbia. The ruling has sparked concerns over its potential to harm renewable generation seeking to participate in the capacity market and frustrate state clean energy policies.
Hydrogen is emerging as an important player in the U.S. energy landscape because of its ability to decarbonize multiple sectors. A number of exciting projects harnessing the technology are taking shape as hydrogen and fuel cells can store energy to help enhance the power grid and maximize opportunities to deploy renewable energy.
The District of Columbia Public Service Commission on Oct. 1 approved Potomac Electric Power Company’s request for proposals and draft power purchase contract for a pilot program designed to procure renewable energy for the utility’s customers. The procurement will supply five percent of the load under the district’s standard offer service program, which provides default…...
With growing access to competitive retail energy markets, regulatory reforms are focused on ensuring that consumers choosing third-party suppliers have accurate information to make educated decisions. In addition to updating marketing standards and sales practices that enhance customer protections, recent reforms are intended to empower customers by improving transparency of product and pricing information.
State policy goals are driving comprehensive grid modernization endeavors aimed at transitioning to a flexible and efficient grid that caters to the needs of the evolving electric sector and diverse customer interests. A growing number of state regulators and utilities alike are embarking on innovative ventures, striving towards necessary enhancements to accomplish energy and environmental goals.
