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Load management efforts likely to benefit from market innovation

image credit: New York Power Authority control room. Credit: NYPA
DW Keefer's picture
Journalist Independent Journalist and Analyst

DW Keefer is a Denver-based energy journalist who writes extensively for national and international publications on all forms of electric power generation, utility regulation, business models...

  • Member since 2017
  • 277 items added with 263,070 views
  • Mar 26, 2020

The electric power industry is expected to continue to experiment with innovative market reforms to unlock the potential of distributed energy resources.

Consultancy Wood Mackenzie identified five areas of focus that it says are likely to drive innovation: Regulatory reform, evolution of market models, grid edge investment to complement electrification, grid-balancing will increasingly rely on flexible resources and de-risking investments so the DER market can scale.

In particular, it said that North America alone could have more than 97.5 gigawatt-hours of electric vehicle battery capacity by the end of 2020, growing to as much as 650 GWh by 2030.

That scaling “will make it imperative to incorporate these load and storage devices” into wholesale and local markets to address flexibility challenges while balancing customer demand with overall grid system costs, it said.

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