Full Title: A Roadmap For Finding Flexibility In Wholesale Markets
Author(s): Robbie Orvis and Sonia Aggarwal
Publisher(s): Energy Innovation Policy and Technology LLC
Publication Date: October 1, 2017
Full Text: Download Resource
Description (excerpt):
Competitive markets for electricity, or Regional Transmission Organizations (RTOs), are at an inflection point. When RTOs were first created during the 1990s, they designed operations and practices around the technical elements of the grid of that time. Grid operators dispatched large central station generators to follow inflexible load, with power flowing in one direction from these central generators out to customers. RTOs managed the scheduling and dispatch of these generators, ensuring they met relatively predictable demand. While this system and its concomitant rules, procedures, and definitions has worked well for the last 20 years, it is becoming increasingly strained as the grid continues to modernize quickly.