Since 1980, the United States has sustained 144 weather disasters whose damage cost reached or exceeded $1 billion, according to the U.S. Department of Commerce. The total cost to the nation's economy of these events exceeds $1 trillion. According to the National Climate Assessment, the incidence and severity of extreme weather will continue to increase in the coming years, due largely to climate change. According to the president's U.S. Council of Economic Advisers delaying action on climate change will cost the economy $150 billion annually. Article
One of the biggest surprises of EPRI's seven-year Smart Grid Demonstration Initiative was the positive impact volt-var control had on participants' distribution systems -- from integrating renewable energy to impacts on energy and demand, to gains in efficiency and planning. Article
Energy is the lifeblood of the economy. It powers our homes and businesses, and supports critical government services that ensure our public safety. According to the United States Energy Information Administration (EIA), our electricity is generated by 6,997 operational power plants with a nameplate generation capacity of at least one megawatt. The generated electricity is transmitted over 2.7 million miles of electrical wires into our homes, businesses, and government buildings. Those 2.7 million miles are coordinated by interconnected computers belonging to the electric industry, reliability councils and various state and federal regulators. Those regulators oversee 3,200 utilities in the United States, which are interconnected by even more computers spread across the 50 states. Article
The regulatory landscape for the energy industry is changing dramatically. State by state, and most prominently in New York with their Reforming the Energy Vision (NY REV) initiative, public utility commissions are grappling with a movement toward distributed energy models that revolve around consumer choice, two-way communication, the integration of renewables and improved energy efficiency. The details vary from state to state, but the underlying challenge is the same: Utilities must shift the way they deliver power and meet the needs of their customers. Article
IT/OT convergence delivers high degrees of grid automation, sensing and visibility; achieves greater control of distributed generation; and provides better support of regulatory compliance. Those are just a few points touched on by an expert panel of speakers during yesterday's Fierce Live! Webinar, "The IT/OT Integration Imperative," sponsored by ABB.
ComEd is already losing an estimated $168 million in smart grid funding as a result of the $100 million annual reduction in funding by the Illinois Commerce Commission beginning in 2014. Now, the utility faces a class action lawsuit and a $182 million penalty for delays and costs associated with its smart meter rollout.
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Florida Power & Light (FPL) has announced the launch of a smart grid data center to help proactively keep the power running to thousands of customers.
A survey conducted by the Smart Grid Consumer Collaborative found that 86 percent of customers understand the benefits of smart grid technology.
A new report by the National Institute of Standards and Technology (NIST) found that the Internet of Things (IoT) may face major hurdles if not implemented correctly -- specifically relating to the marrying of computers and networks with timing systems.
PECO invests approximately $500 million a year to upgrade its electric system infrastructure, resulting in 145 completed reliability projects in the last three month of 2014 and more than 545 projects completed during the first three quarters of 2014 -- totaling nearly 700 projects.
The goal of the Communication and Control Testbed is to introduce the flexibility of real-time analytics and control into the legacy grid process -- which relies on a central-station architecture not designed to interconnect distributed and renewable power sources such as roof-top solar and wind turbines -- to increase efficiencies and ensure that power is generated more accurately and reliably to match demand.
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Americans view the United States' energy situation as improving, with only 28 percent saying they view the situation as "very serious." According to a Gallup poll, this year is the first time since 2002 that number has been so low.
A bill to make it easier for customers to install solar was passed unanimously by the Georgia Senate last week.