Posts Tagged: Demand Response
May 2, 2018
Energy market schemes – how utilities make money from trading electricity
In the past, electric utilities were what economist would call natural monopolies, dominating all parts of the value chain from electricity production to retail supply. Energy service providers buy from a third party and sell electricity to individual households. While, energy marketers trade future contracts that enable power-hungry businesses to secure power at a fixed price, all of which has supported strong utility balance[…]
February 26, 2018
The benefits of electric vehicle adoption for electric power utilities and distributors
Plug-in electric vehicles (PEVs) consume electricity. But when in a discharge mode, they can also export stored power back to the grid. The vehicle-to-grid (V2G) charging services can be used during peak times when demand for power is the greatest, saving the grid from overload. By using electric vehicles as mobile energy storage units, utilities can potentially avoid costly infrastructure upgrades, such as building new power plants. Electric[…]
January 10, 2018
SRP Studying How the Increasing Number of EV Drivers Will Impact the Grid
As more drivers invest in electric vehicles (EVs), energy consumption due to vehicle charging is expected to increase as well. With an eye on this upward trend, Salt River Project is working with the Electric Power Research Institute on a study to determine how this will impact the grid in the future. SRP is one of the first utilities in the country to commission[…]
