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Time of Use (TOU) pricing is considered by many to create fair and equitable method to tie capacity and energy charges to customer usage, others contend the answer is real time dynamic pricing. The argument for these is relatively simple, high prices during higher demand will reward those reducing capacity more...
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It is under-appreciated that the driver of real time price volatility is capacity not energy. The current outcry for, energy only, real time pricing is another simplistic and on its own will not work long term. Dynamic pricing is an energy only strategy with only indirect ties to capacities value more...
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Oregon's Renewable Energy Standard (RES) is one of the most thoughtful policies to promote clean energy in the country, a working model for other states to consider. In passing the RES in 2007, Oregon legislators created an effective mechanism to drive new markets, job creation and clean energy business investments more...
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Well failures hit oil and gas operator's hard, putting production, people and the environment at risk. Well integrity management systems provide an integrated source of critical data and real-time visibility of well integrity across the enterprise to ensure a robust approach to managing corporate risk and ensuring compliance. Well integrity more...
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What is Compatible Unit? Compatible Unit (CU) is like a template used mainly in US and UK based utility companies to design their routine repetitive work such as pipe installations, equipment repairs and inspections. A compatible unit is a standardized assembly unit defined for general use by designers, crews and more...
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Posted By: Paul Yarka
- Accenture Smart Grid Services, Asset Management Practice Global Lead, Accenture
On: August 23, 2012
On: August 23, 2012
Utilities are under growing pressure to meet the seemingly conflicting goals of minimizing costs and maintaining or improving grid reliability. In developed markets, decades of underinvestment in the transmission and distribution (T&D) infrastructure have created a pent-up need to replace aging components of the electric power system and gas delivery more...
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Nearly all players in the US energy sector -- from utilities and independent power producers to regulators and government agencies -- agree that demand for electricity is intrinsically tied to economic growth. Evidence of such a link has certainly been seen during the post-2008 recession period; consumption has grown about more...
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From Wikipedia: The three Rs (as in the letter R) are the foundations of a basic skills-orientated education program within schools: Reading, wRiting and aRithmetic. The phrase is attributed to a toast given by Sir William Curtis around 1825.Since its original creation, many others have created new words for what more...
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We live in interesting times, as the Chinese proverb supposedly goes. For anyone who has to make major investment decisions about power generation in Europe, we also happen to live in rather hair-raising times too. What possible use are ten year forward curves when, for example, Germany decides overnight to more...
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Introduction Utility Industry is undergoing a rapid change due to regulations and change to ownership structures. In today's scenario the top 3 concern for the industry would be: Reliability requirement Regulation Uncertainty & Long term investment While there is a need to adapt to these changes rapidly, Utilities have to more...
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