Exploring the challenges and strategies in maintaining power grid reliability within a regional transmission organization without physical assets. Contrasting decentralized decision-making approaches in California with Pennsylvania's successful centralized auction model for power plant operators based on anticipated demand. Analyzing the dynamics of power grid operations, market price fluctuations, and vulnerabilities to manipulation, emphasizing the importance of effective governance and control for system optimization and reliability.
In today’s episode, we’re once again joined by Seth Blumsack, Professor of Energy Policy and Economics and International Affairs in the Department of Energy and Mineral Engineering at Pennsylvania State University, to talk about the power grid.
In the past, we’ve spoken to Seth about the history of the power grid and how the power grid fails. In today’s conversation, we discuss how it is governed.
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This show is produced in collaboration with Wavelength Creative. Visit wavelengthcreative.com for more information.