Future of Utilities - Utilities of the Future: How technological innovations in distributed generation will reshape the electric power sector relates the latest information on the electric power sector its rapid transformation, particularly on the distribution network and customer side. Trends like the rapid rise of self-generation and distributed generation, microgrids, demand response, the dissemination of electric vehicles and zero-net energy buildings that promise to turn many consumers into prosumers are discussed.
The book brings together authors from industry and academic backgrounds to present their original, cutting-edge and thought-provoking ideas on the challenges currently faced by electric utilities around the globe, the opportunities they present, and what the future might hold for both traditional players and new entrants to the sector.
The book's first part lays out the present scenario, with concepts such as an integrated grid, microgrids, self-generation, customer-centric service, and pricing, while the second part focuses on how innovation, policy, regulation, and pricing models may come together to form a new electrical sector, exploring the reconfiguring of the current institutions, new rates design in light of changes to retail electricity markets and energy efficiency, and the cost and benefits of integration of distributed or intermittent generation, including coupling local renewable energy generation with electric vehicle fleets.
The final section projects the future function and role of existing electrical utilities and newcomers to this sector, looking at new pathways for business and pricing models, consumer relations, technology, and innovation.
- Contains discussions that help readers understand the underlying causes and drivers of change in the electrical sector, and what these changes mean in financial, operational, and regulatory terms
- Provides thought-provoking ideas on the challenges currently faced by electric utilities around the globe, the opportunities they present, and what the future might hold for both traditional players and new entrants to the sector
- Helps readers anticipate what developments are likely to define the function and role of the utility of the future
Table of Contents
- Title page
- Table of Contents
- Author Biographies
Part I: What is Changing, What are the Implications
- Chapter 1: What is the Future of the Electric Power Sector?
- Chapter 2: Value of an Integrated Grid
- Chapter 3: Microgrids: Finally Finding their Place
- Chapter 4: Customer-Centric View of Electricity Service
- Chapter 5: The Innovation Platform Enables the Internet of Things
- Chapter 6: Role of Utility and Pricing in the Transition
Chapter 7: Intermittency: It’s the Short-Term That Matters
- 1. Introduction
- 2. Intermittency and utilities
- 3. Framing intermittency and potential power system impacts
- 4. Why does renewable energy intermittency matter?
- 5. Evidence of negative solar intermittency impacts on grid operations
- 6. Intermittency considerations for stakeholders
- 7. Operations impacts
- 8. Intermittency countermeasures
- 9. Conclusions
Part II: Competition, Innovation, Regulation, and Pricing
- Chapter 8: Retail Competition, Advanced Metering Investments, and Product Differentiation: Evidence From Texas
- Chapter 9: Rehabilitating Retail Electricity Markets: Pitfalls and Opportunities
- Chapter 10: Residential Rate Design and Death Spiral for Electric Utilities: Efficiency and Equity Considerations
- Chapter 11: Modeling the Impacts of Disruptive Technologies and Pricing on Electricity Consumption
- Chapter 12: Decentralized Reliability Options: Market Based Capacity Arrangements
- Chapter 13: Network Pricing for the Prosumer Future: Demand-Based Tariffs or Locational Marginal Pricing?
- Chapter 14: The Evolution of Smart Grids Begs Disaggregated Nodal Pricing
Part III: Utilities of the Future: Future of Utilities
- Chapter 15: New Business Models for Utilities to Meet the Challenge of the Energy Transition
- Chapter 16: European Utilities: Strategic Choices and Cultural Prerequisites for the Future
- Chapter 17: Thriving Despite Disruptive Technologies: A German Utilities’ Case Study
- Chapter 18: The Future of Utility Customers and the Utility Customer of the Future
- Chapter 19: Business Models for Power System Flexibility: New Actors, New Roles, New Rules
- Chapter 20: The Repurposed Distribution Utility: Roadmaps to Getting There
- Chapter 21: Distributed Utility: Conflicts and Opportunities Between Incumbent Utilities, Suppliers, and Emerging New Entrants
- Chapter 22: The Fully Integrated Grid: Wholesale and Retail, Transmission and Distribution
- Subject Index
- Title: Future of Utilities - Utilities of the Future
- Release date: March 2016
- Publisher(s): Academic Press
- ISBN: 9780128043202