Full Title: Electricity Markets, Reliability and the Evolving U.S. Power System
Author(s): Paul Hibbard, Susan Tierney, Katherine Franklin
Publisher(s): Analysis Group
Publication Date: June 1, 2017
Full Text: Download Resource
Description (excerpt):
It is a common occurrence for the issue of reliability to be raised when market, technology or policy changes are affecting the financial outlook of different segments of the electric industry. This phenomenon has occurred several times over the past two decades, as the prospect of new industry and market structures, technological advancement, air pollution controls and customer-driven changes stood to alter the operations and economics of various types of power plants on the electric system. Sometimes these warnings spring from genuine concerns, such as the need to address the localized reliability impacts of potential plant closures; other times they reflect a first line of defense by opponents of the changes underway in the industry.