27 Jan '16, 2pm

2016 Is the Year for Wholesale Power Market Reform

Electricity from competitive wholesale power markets keeps the lights on for two-thirds of all Americans. But pressure is mounting to reform these markets to match the changes underway in the energy system. Wholesale power markets evolved in a world where dispatchable, central-station power plants slavishly followed demand; where the environmental costs of producing, delivering and burning fossil fuels were largely ignored; and where utilities measured their fortunes by how many kilowatt-hours of electricity they delivered to end-use customers. That world is rapidly disappearing due to emerging distributed technologies, evolving consumer preferences, and the need to reduce emissions. Four factors will make 2016 a turning point for policymakers, clean energy providers, and wholesale market operators to work together and modernize America’s regulated wholesale power markets....

Full article: http://www.greentechmedia.com/articles/read/2016-is-the-y...

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