Electricity Markets in the United States: A Brief History, Current Operations, and Trends
| Autor: | Jianming Lian, Karanjit Kalsi, Anuradha M. Annaswamy, David D'Achiardi, Thomas R. Nudell |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
0209 industrial biotechnology
Global energy business.industry 020209 energy 02 engineering and technology Grid Modernization theory Market structure 020901 industrial engineering & automation Smart grid Sustainability 0202 electrical engineering electronic engineering information engineering Electricity market Business Electricity Industrial organization |
| Zdroj: | Smart Grid Control ISBN: 9783319983097 |
| DOI: | 10.1007/978-3-319-98310-3_1 |
| Popis: | The global energy landscape is witnessing a concerted effort toward grid modernization. Motivated by sustainability, skyrocketing demand for electricity, and the inability of a legacy infrastructure to accommodate distributed and intermittent resources, a cyber-physical infrastructure is emerging to embrace zero-emission energy assets such as wind and solar generation and results in a smart grid that delivers green, reliable, and affordable power. A key ingredient of this infrastructure is electricity markets, the first layer of decision-making in a smart grid. This chapter provides an overview of electricity markets which can be viewed as the backdrop for their emerging role in a modernized, cyber-enabled grid. Starting from a brief history of the electricity markets in the United States, the article proceeds to delineate the current market structure, and closes with a description of current trends and emerging directions. |
| Databáze: | OpenAIRE |
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