The way power is billed is "the" most important challenge.
If we are to reflect a billing system that is adherent to the costs incurred there will be a significant leap. Right now and for a century the most important component of the power bill is a variable cost (kWh) BUT the most important cost is the capital expenditure (associated with the power supply chain - G,T & D) and designated in $/kW.
When incurred costs are "tied" to the billing system then there will be plenty of room for great improvements.
One simple but emblematic example tells it all. Two right next door neighbors with the same monthly power consumption pay the exact same $ amount. But,,,, one of the houses heat water using 3 instant 5 kW heaters while the other just a 3 kW electric 50 gallon tank heater. For the local utility company it makes a huge difference but both clients pay the same. Wrong signals!
What do you see as the major trends facing the power industry? Over the next few years and over the next decade?
- May 9, 2022 11:37 am GMT
What do you see as the major trends facing the power industry? Over the next few years and over the next decade? Try to be more specific than just things like EV adoption, global warming, green energy. Be more specific if you can on what the impact of these things will be. We will discuss your answers as others respond to what you write, asking follow up questions for clarification.
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