Advanced Energy Perspectives

How Wholesale Electricity Markets Work – and Don’t

Posted by Prusha Hasan and Dylan Reed

Oct 16, 2019 2:58:08 PM

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Two-thirds of the nation’s wholesale electricity sales occur in a competitive market managed by a Regional Transmission Organization (RTO) or Independent System Operator (ISO), with over 200 million customers in these areas and over $120 billion in annual energy transactions taking place. Under the Federal Power Act, these markets are overseen by the Federal Energy Regulatory Commission (FERC), which ultimately determines the rules for how wholesale electricity is bought and sold in the marketplace. RTOs/ISOs develop the market rules that dictate whether and how energy resources can participate and compete. Wholesale electricity markets should allow all resources to compete on price and performance, as the Federal Power Act requires that the rates, terms, and conditions of service governing wholesale competitive markets be “just and reasonable” and not grant any “undue preference or advantage.” Many market rules, however, are outdated, having been designed with older technologies in mind. Those rules can favor incumbent technologies and disadvantage newer and more innovative energy options – that is, advanced energy.

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Topics: Federal Policy Update, Wholesale Markets

Florida’s Forecast is Sunny for Advanced Energy Jobs

Posted by Gloria Li and Dylan Reed

Oct 8, 2019 3:58:04 PM

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Florida was recently named the 3rd Best State in the nation for economic growth in 2018 by U.S. News & World Report. Florida’s jobs future may be as bright as its nickname – “The Sunshine State” – but some sectors are growing faster than others. One of them is the advanced energy industry, which showed job growth more than double overall job growth in the state last year. In everything from electric vehicles to energy efficiency and solar energy, the forecast looks sunny for advanced energy jobs in Florida.

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Topics: State Policy Update, Advanced Energy Employment

VA Gov. Northam Hears from AEE, Business Leaders About How to Reach His 100% Clean Energy Goal

Posted by JR Tolbert and Bob Keough

Oct 2, 2019 11:30:00 AM

 

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Advanced energy momentum is building in the Commonwealth of Virginia. Last week, Gov. Ralph Northam met with 10 AEE member companies – executives from Apex Clean Energy, CLEAResult, EnelX, EVgo, Greenlots, Microsoft, Schneider Electric, Sun Tribe Solar, Veolia, and Volkswagen of North America. The Governor opened the meeting by asking the companies to share what Virginia can do to help them create more jobs in the Commonwealth. He had recently issued an Executive Order calling for 100% carbon-free energy by 2050, with 30% of Virginia’s electric power coming from renewable energy sources by 2030. Shortly thereafter, Virginia AEE released a study that showed the economic benefits – in bill savings, jobs, and economic growth – of meeting the 100% clean energy goal by 2050, if not before. There’s much work to be done, but the path to an advanced energy future for Virginia is clear.

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Topics: State Policy Update, Virginia

What's Your Superpower? On Oct. 2, Let's All Show Off Our Strength By Getting More From Less

Posted by Monique Hanis

Oct 1, 2019 2:43:22 PM

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We all have the power to save energy and today’s technology providers make it easier than ever to make a big difference. Whether you want to save money on your home energy bills, improve building comfort, reduce office, commercial and industrial costs, drive U.S. economic growth and jobs, or make a significant dent in harmful emissions, energy efficiency (EE) is a superpower we can all tap right now.

That’s why AEE is supporting the fourth annual national Energy Efficiency Day on Oct. 2 and encouraging you to join us. Working with national and regional EE colleagues, we are taking this fall day to highlight all the benefits of EE, shed light on enabling technologies, share valuable, cost-saving tips, and make it fun.

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Topics: utility, Energy Efficiency

Challenge to FERC and the Senate: Opening Wholesale Markets to Competition from All Advanced Energy Technologies

Posted by Dylan Reed and Prusha Hasan

Sep 26, 2019 12:02:56 PM

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In the advanced energy industry, all eyes are on the incredible shrinking FERC. With now two open seats, the Commission can barely muster a quorum – and not always, as a Trump Administration ethics pledge is keeping Commissioner Richard Glick from participating in important cases. Media outlets have reported that the White House plans to offer a single nomination to fill McIntyre’s seat, a potentially troubling departure from the tradition of pairing Republican and Democratic nominees. In flux as it is, FERC faces a range of pending decisions that could have huge impacts on the nation’s electricity market – and on advanced energy growth. Ultimately, what the advanced energy industry is looking for from FERC Commissioners – those now seated, and new ones to come – is for barriers to competition in wholesale markets to come down.

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Topics: Federal Policy Update, Wholesale Markets

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Advanced Energy Perspectives is AEE's blog presenting news, analysis, and commentary on creating an advanced energy economy. Join the conversation!

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