Energy markets and responsive grids
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Yet the emergence and growth of energy markets – and the presence of renewable energy in the markets – across North America has delivered tremendous benefits to electricity consumers: lower prices, greater reliability, and more efficient and cleaner generation. Market-DrivenĪlthough most consumers do benefit from some form of competitive electricity markets, significant portions of the country (shown in green on the map below) are served by traditional regulated monopoly utilities which own and control the generation, transmission, and distribution of electricity in their service territories and are reluctant to expose themselves economically to the new realities of renewable generation. Recent actions in the West to integrate separate balancing authorities using an energy imbalance market (EIM) are a good sign that the nation is moving towards an integrated grid that maximizes benefits for all.Ī Clean Energy Grid accesses remote renewable resources, links balancing areas, and enables efficient markets and systems. Order 1000 will succeed if regions recognize the enormous economic, clean energy, and reliability benefits of building the most critical remaining transmission links and sharing their costs, as some regions have already started to do. The Federal Energy Regulatory Commission adopted Order 1000 explicitly to foster better transmission planning within regions and coordination between regions. Traditional access to low-cost resources, specific-user cost allocation, and local and traditional utility autonomy and regulatory jurisdiction are factors that discourage acceptance of regional opportunities, especially those that imply regional or national decision-making. Connected, Integrated, and CoordinatedĪmerica’s power grid-largely a relic of efforts to electrify the country over a century ago-still lacks key elements to complete the network of generation assets and customers load throughout three broad geographic systems, namely high-voltage lines to unlock remote renewable resources and connect isolated balancing areas.
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Additionally, moving towards a high-renewables energy mix will also create jobs and spur innovation. Leading analyses predict that both distributed generation and centralized utility-scale renewable resources will have to be scaled up rapidly and play complementary roles to reach such high levels of renewable energy generation.Ī Clean Energy Grid contributes to emissions reduction by providing at least 80% renewable generation. The good news is that numerous recent studies show that a reliable grid powered by 80-100% renewable energy is technically and economically feasible using current technologies. To achieve that goal, renewable resources will have to meet at least 80% of our electric generation needs, since emission reductions from other sectors of the economy may prove more difficult and costly. Using existing and proven technologies, we can and should, within a few decades, transform our functional but aging electric system into a “Clean Energy Grid” that is: Delivering 80%-plus Renewable EnergyĬlimate scientists overwhelmingly agree that avoiding catastrophic climate change impacts will require reducing global greenhouse had emissions by 80% or more before 2050. The range of benefits from such lines is a broad one. A “Clean Energy Grid” is a modern high-voltage network of transmission lines offering critical infrastructure for the United States as we strive toward common goals of energy security, electricity reliability, climate protection, and robust and sustainable economic growth.
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