(August 2009) When I hear the new buzz word term dynamic pricing I think of politicians who may be socialist or liberal, but who call themselves “progressive.” Now, what thoughtful person would not vote for a progressive. Do you want to vote for someone who isn’t progressive? That would make you some kind of Luddite. The same holds true for the people now running around the country calling for “dynamic pricing” i.e., charging $5/kWh for up to 100 hours per year, and calling any other form of pricing “dumb rates.”
Modeling the value of various technologies and applications.
As utilities announce new smart-grid programs, they need a strategic method for quantifying benefits. Analytical models generate baseline benefit estimates and reveal big-picture trends. Decision makers need the best resources available to mitigate risks in choosing a smart-grid strategy.
Achieving the smart grid’s potential requires a revolution in electricity pricing.
Achieving the smart grid’s potential requires a revolution in electricity pricing. Smart metering and smart rates might yield surprising and beneficial changes in the U.S. utility industry. But capturing those benefits will require an intelligent and careful approach to implementing dynamic pricing.
Fundamental changes require bold strategies.
While many utilities have embarked upon efforts to define a path toward the next generation utility, these efforts often are siloed initiatives driven by the generation, transmission and distribution (T&D) or customer segments of the organization. Addressing the upcoming challenge will require a coordinated and integrated set of decisions so as not to sub-optimize the end-to-end value chain. Eight critical themes across the generation, T&D and customer elements of the value chain will shape the future of our industry.
Plug-in hybrids usher a new era for wind power.
Plug-in hybrid vehicles (PHEVs) open a new intersection between wind power and transportation.
What the U.S. electricity sector must do to significantly reduce CO2 emissions in coming decades.
The large-scale CO2 reductions envisioned to stabilize, and ultimately reverse, global atmospheric CO2 concentrations present major technical, economic, regulatory and policy challenges. Reconciling these challenges with continued growth in energy demand highlights the need for a diverse, economy-wide approach.
The industry must join a growing chorus in calling for new technology.
A growing movement to bring plug-in hybrid and all-electric cars to market has emerged, bolstered by the undeniable economic and national-security benefits that result from displacing gasoline with electricity. Also, our editor-at-large talks with Tesla Motors CEO Martin Eberhart.
California's retreat from its zero-emission targets eases the pressure on utilities, making time for a fresh look at public and private efforts.
Electric vehicles (EVs) hold interest for utility companies around the world.
With little fanfare, most aspects of the U.S. energy system seem to have settled into a fairly stable, predictable pattern. To my mind, we have reached an "energy plateau" likely to persist for maybe a decade or more into the future.
Energy is not now high on the radar screen of the general public, so there is little public pressure for significant change in the U.S. energy system.
California regulators and the utilities they oversee have been talking a lot in recent years about competition. But just being able to "talk the talk" isn't enough (em utility companies and the regulators who monitor them have got to "walk the walk." And on that score, they've just barely begun to crawl. Despite all the marketing hype, the monopoly mindset is still very apparent among industry officials and regulators.Take California's energy industry, for example.