Different Outcomes in State’s Two Distinct Markets
Marc Miller and Bob Gibson
Texas highlights the importance of market structures and economics in the growth of solar deployment. Driven by customer interest and policy objectives, distributed and utility-scale solar has thrived in municipal and cooperative service territories. The same has not been true in the competitive wholesale market with retail choice.
Changing the Electric Utility Financial Paradigm
Leonard S. Hyman and William I. Tilles
Global capital markets have accommodated the industry with low interest rates and high stock price multiples, but capital markets are fickle. Electrics will be capitalized more like other industrial companies, and less like regulated monopolies.
Bumpy Road Ahead
Glenn R. George, Hans-Martin Ihle, and Miura Wataru
This is the first in a series of three articles related to power market reform in Japan and its implications both for Japan and globally.
Annual formula rate is working to stabilize distribution ratemaking.
Ross Hemphill and Val Jensen
A lot has been said of alternative ratemaking approaches. The clearest, most direct path is what has been happening in Illinois, a success by any reasonable measure for a distribution utility.
Participation rates, customers’ bills, meaningful choice
Laurence Kirsch and Mathew Morey
Retail choice might have reduced retail electricity prices if it allowed customers to escape stranded costs, but that didn’t happen.
A re-defined capacity product, revised parameters for generator performance, and a new role for demand response.
The proposal creates a new capacity product called the “Capacity Performance Resource.”
Imagining a new construct – an independent system operator for the distribution network.
Farrokh Rahimi and Sasan Mokhtari
A new utility industry construct – the Distribution System Operator (DSO) – could help maximize the benefits of distributed energy resources.
Producing value with advanced distribution management systems.
Nicholas Abi-Samra, et al.
Changing demands from regulators, customers, and shareholders are driving utilities toward better operational technologies to manage an increasingly complex grid. Advanced distribution management systems (ADMS) promise nearly real-time operational insight for maintaining reliability, safety, and security.
Is the current regulatory compact in anyone’s best interests?
Charles Dickerson, Darren Brady, and Jamie Wimberly
Serving customers’ needs should be a top priority for power companies, irrespective of the regulatory construct and business model. Transformation doesn’t change this basic fact, but how do we break the model without breaking the system?
How to find a future that works.
The traditional central-station grid is evolving toward a more distributed architecture, accommodating a variety of resources spread out across the network. An open and thoughtful planning approach will allow an orderly transition to an integrated system – while fostering innovation among a wider range of industry players.