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Record Nr. |
UNINA9910522988203321 |
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Autore |
Wolak Frank A. |
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Titolo |
The future of electricity retailing and how we get there / / Frank A. Wolak, Ian H. Hardman |
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Pubbl/distr/stampa |
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Cham, Switzerland : , : Springer, , [2022] |
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©2022 |
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ISBN |
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Descrizione fisica |
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1 online resource (174 pages) |
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Collana |
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Lecture Notes in Energy ; ; Volume 41 |
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Disciplina |
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Soggetti |
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Electric utilities |
Electric utilities - Management |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di contenuto |
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Intro -- Preface -- Contents -- About the Authors -- 1 Introduction: Two Paths to the Future of Electricity Retailing -- 1.1 The Reactive Approach -- 1.2 The Forward-Looking Approach -- 1.3 Structure of This Book -- 2 Drivers of Change in the Retail Electricity Sector -- 2.1 Mechanical Versus Interval Metering Technology -- 2.2 Declining Costs: Sensors, Storage, and Solar -- 2.3 Distributed Solar: A Competitor to Grid-scale Electricity -- 2.4 Low Cost Two-Way Communication Technologies -- 2.5 Electrifying the Transportation and Heating Sectors -- 2.5.1 Transportation Electrification -- 2.5.2 Heating Electrification -- References -- 3 Regulatory Barriers to Change -- 3.1 Barriers to Interval Metering Deployment -- 3.2 Interval Data Access and Interactivity with Consumers -- 3.3 Inefficient Transmission and Distribution Network Pricing -- 3.3.1 Inefficient Bypass: An Example from California -- 3.3.2 Inefficient Investment in Distributed Versus Grid-scale Solar -- 3.4 Regulatory Reform of Distribution Network Planning and Access -- 3.5 Potential for Pricing Distribution Network Services -- 3.6 Lowering Barriers to Adoption of New Technologies -- References -- 4 Current State of Retail Markets -- 4.1 Retail Electricity Markets in the United States -- 4.2 Retail Electricity Markets Outside of the U.S. -- 4.3 Dynamic Pricing of Retail Electricity -- 4.3.1 Necessary Technological and Regulatory Framework for Dynamic Pricing -- 4.3.2 Dynamic Pricing Versus Time-of-Use Pricing -- 4.3.3 Survey of Existing |
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Dynamic Pricing Plans -- References -- 5 Current State of Deployment -- 5.1 Extent of Deployment of Interval Meters -- 5.1.1 Deployment in the United States -- 5.1.2 Deployment in Europe -- 5.1.3 Deployment in Australia, New Zealand, and Asia -- 5.1.4 Deployment in Latin America -- 5.2 Extent of Deployment of Distributed Solar. |
5.2.1 Deployment in the United States -- 5.2.2 Deployment in Europe -- 5.2.3 Deployment in Australia, New Zealand, and Asia -- 5.2.4 Deployment in Latin America -- 5.3 Extent of Adoption of Dynamic Pricing -- 5.3.1 Adoption in the United States and Canada -- 5.3.2 Adoption in Europe -- 5.3.3 Adoption in Australia, New Zealand, and Asia -- 5.3.4 Adoption in Latin America -- 5.4 Extent of Adoption of Demand Response Programs -- 5.5 Rules for Third-Party Access to the Distribution Network -- References -- 6 Technologies Providing Distribution Network Services -- 6.1 Interval Metering Systems -- 6.1.1 Technology Specifications -- 6.1.2 Customer Data Privacy -- 6.2 Network Monitoring Systems -- 6.3 Automated Load Shifting Technologies -- 6.4 Distributed Energy Resource Management Systems -- 6.5 Services Aiding Customer Participation in Wholesale Markets -- References -- 7 Possible Futures of Electricity Retailing -- 7.1 Network Pricing Reform: An Urgent Need -- 7.1.1 Recovering Sunk Costs with Average-Cost Pricing -- 7.1.2 Recovering Sunk Costs with Marginal-Cost Pricing -- 7.1.3 Recovering Sunk Costs with Demand Charges -- 7.2 If Dynamic Pricing Is Efficient, Why Don't Customers Like It? -- 7.2.1 The Role of Retail Competition in Defining the Feasible Frontier -- 7.2.2 Symmetric Treatment of Load and Generation -- 7.2.3 Managing the Transition to Widespread Deployment of Interval Meters -- 7.2.4 The Broader Economic Benefits of Dynamic Pricing -- 7.3 Price Volatility Supports Flexible Demand Technologies -- 7.3.1 Wholesale Market Designs that Reduce Price Volatility -- 7.3.2 The Benefits of a Multi-settlement LMP Market -- 7.3.3 Wholesale Market Design for Forward-Looking Future of Retailing -- 7.4 Reactive Versus Forward-Looking: Determining Futures for Retailing -- 7.4.1 Forward-Looking -- References. |
8 Retail Market Design Lessons from California and Texas -- 8.1 Shortcomings of California's Demand Response Products -- 8.2 Lessons from February 2021 in Texas for Retail Market Design -- 8.2.1 The Reliability Externality in the Texas Market -- 8.2.2 Regulatory Oversight of Electricity Retailers -- 8.3 Electricity Retailing with a Large Share of Intermittent Renewables -- References -- 9 Directions for Future Research -- 9.1 Technical and Financial Viability of Direct Load Control -- 9.2 Regulated Non-wires Alternatives and Unregulated Services -- 9.3 Financial Viability of DERMS Investments -- 9.4 Spatial and Temporal Pricing of Distribution Networks -- 9.5 Adapting Customers to Manage Wholesale Price Volatility -- 9.6 Bundling Strategies for Low Carbon Energy Solutions -- Appendix A Additional Figures -- Appendix B Data and Methodology -- B.1 Data from the U.S. Energy Information Administration -- B.1.1 Advanced Metering -- B.1.2 Dynamic Pricing -- B.1.3 Distributed Solar -- B.1.4 Demand Response -- B.1.5 Retail Price Data -- B.2 Data from Bloomberg -- B.2.1 Technology Prices -- B.2.2 Global Electric Vehicle Trends -- B.3 Calculations with IEA's Renewables 2019 Data -- B.4 Electric Vehicle Trends in the United States. |
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