The wholesale electric energy and capacity markets of the 13 states and the District of Columbia managed by PJM Interconnection produced competitive results during the first six months of 2014, according to the 2014 State of the Market Report for PJM by Monitoring Analytics, LLC, the Independent Market Monitor for PJM.
The HVTS market will see tremendous capital investment over the next 10 years (exceeding $250 billion from 2014 to 2023), as the infrastructure that was installed in the post-World War II era ages out, coal and nuclear generation is retired, and new utility scale renewable wind and solar generation is installed in remote areas.
The California Public Utilities Commission (CPUC) has initiated a long-term project to modernize the state's electric grid by incorporating non-utility owned energy resources into the planning and operation of the electric distribution system.
Con Edison has demonstrated that a more comprehensive set of tools are created for grid planners and operators when solutions like demand response and end-use efficiency are integrated with automated controls for voltage and reactive power management. These efforts are part of a broader Con Edison strategy to apply smart grid technologies on both the utility and customer sides of the meter to save energy and improve the reliability, efficiency, and affordability of electricity.
The Imperial Irrigation District stipulated (made a judicial admission) to the facts in the agreement and will pay a civil penalty of $12 million-- $3 million.
North America, holding the largest market share in 2013, is expected to attract heavy investment and high-end research in the field of substation automation, according to TMR, driven by the need for outage time reduction and transmission efficiency.
Thanks to Con Edison's post-Sandy storm hardening improvements – part of Con Edison's $1 billion investment to protect its systems from severe storms-- 20,000 outages have been avoided so far in 2014, according to the company.
Flexible alternating current transmission systems (FACTS), which mitigate voltage drops on the power grid, have evolved significantly during the past 40 years. With the rapid growth of large-scale renewable energy projects, which often supply intermittent power, demand is driving the need for FACTS, according to Navigant Research.
We are looking for advanced solutions that solve these critical issues for utility companies, giving them the best opportunity to cut costs, grow revenue, and have the highest potential for easy, rapid and widespread adoption.
The U.S. Department of Agriculture (USDA) is investing $236.3 million to help modernize and improve the reliability of rural electric systems in eight states. A modern, reliable electric system is critical to attract and retain residents and businesses to rural communities.