Grid threats increase daily - from foreign foes, terrorists, criminals and hackers. Utilities are tasked with guarding against a rising tide of potentially disruptive intrusions into their power grid and electronic networks. What will it take to keep the power more...
Monday Jun 24, 2013
- Tuesday Jun 25, 2013 -
Philadelphia, Pennsylvania - USA
Data Informed´s Marketing Analytics and Customer Engagement provides marketing, sales, and customer support managers with the information they need to create an effective data-driven customer strategy. more...
Jack Ellis is a principal with Resero Consulting, where he advises clients on a variety of contemporary regulatory and business issues, including the operational impacts of renewable resources, wholesale electricity market design and policy, and demand response policy and implementation. Mr. Ellis’s power industry career as a consultant and entrepreneur spans nearly four decades. Prior to joining Resero Consulting in 2007, Mr. Ellis spent four years with EnergyConnect, an energy management services firm. In 1997, he and Dr. Edward G. Cazalet founded Automated Power Exchange, Inc. (APX) to capitalize on the opportunity for providing a variety of market-related services in the newly competitive wholesale electricity market. Before founding APX, he was employed by Energy Management Associates, Inc. and later worked as an independent consultant. As an industry consultant, he conducted numerous studies for clients across the US in the areas of coordinated power system operations, new technology assessment, resource planning and demand management. He also conducted assessments of the production-related economic benefits for several high profile utility mergers.
Mr. Ellis has a Bachelor of Mechanical Engineering from the Georgia Institute of Technology.
Readers of this publication are undoubtedly aware of a renewed interest in energy storage. Congress is considering the Storage Technology for Renewable and Green Energy Act of 20111, which would provide tax incentives.
In early April, a small group of academics and consumer advocates assembled in Newark to discuss some of the issues surrounding dynamic pricing. One of the attendees, Brattle Group's Dr. Ahmad Faruqui, presented a paper titled, "The Ethics of Dynamic Pricing". Dr. Faruqui subsequently circulated his paper, which is how I learned about the meeting and his topic.
The advent of a Smart Grid requires some new thinking about electric rate design. Meters that measure consumption in hourly (or even shorter) time increments finally make possible retail electricity prices that more closely reflect both the relative value of electricity and power system conditions at any point in time.
Smart Grid is the power industry's version of the legendary dot.com boom. It could bring some long overdue innovation and excitement to the industry, or it could leave enormous disappointment in its wake. There are certainly some interesting parallels -- legions of starry-eyed entrepreneurs with big ideas chasing venture capital; a whole cottage industry of newsletters, seminars and conferences; and lots and lots of hype.
Back in 2005, a couple of engineers used the term "Smart Grid" to describe their vision of an advanced power system. Particularly in the aftermath of the 2003 Northeast Blackout, Smart Grid quickly became a convenient, attention-getting way to label anything remotely related to grid modernization. Just as "dot.com" described anything Internet at the turn of the century, "Smart Grid" now describes just about anything related to electricity.
Man's ability to harness electricity is one of the great technological and business achievements of the twentieth century. Whole new industries grew up to build electric production, transmission and distribution equipment; produce, transport and sell power to end-users; and invent and build an enormous variety of machines, appliances and gadgets that would improve our quality of life.
Like earlier outages in 1965 and 1977, the widespread blackout that plunged most of the Northeastern US into darkness August 14th will be seen as a watershed event in the history of the US power industry. Our ability to more readily contain or even avoid future episodes will turn largely on whether government officials, regulators, the power industry itself and consumers learn the right lessons from this event.