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15min chapter
#49 The Queen of Power Markets, Lynne Kiesling
DER Task Force
Challenges and Benefits of Planning in Power Systems
This chapter delves into the complexities and implications of planning in vertically integrated power systems compared to market-based wholesale power provision. The discussion explores governance institutions, coordination, regulation, innovation, and the balance between central planning and distributed behavior within the power sector. Additionally, it examines the effects of subsidies, market liberalization, power concentration, power aggregation dynamics, and the concept of creative destruction in the context of power markets.
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