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Simplifying Complexity
Governing the power grid
Jun 24, 2024
Professor Seth Blumsack from Penn State discusses the governance of the power grid, focusing on Regional Transmission Organizations' role and impacts on grid operations. The episode explores the evolution of electricity industry regulation, complexities in regional electricity market models, decentralizing control in power grid management, and the impact of market rules on energy storage integration.
33:13
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Quick takeaways
- Transition from traditional to competitive governance in power grid management.
- Decentralization challenges and the necessity of centralized control for grid reliability.
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Evolution of Power Grid Governance
The podcast discusses the evolution of power grid governance, highlighting the transition from a traditional model to a competitive approach. Initially, the grid was governed by utilities under state supervision for about a century, focusing on reliability and affordability. However, deregulation introduced a competitive model through Regional Transmission Organizations (RTOs), aiming to enhance efficiency and incorporate renewable energy sources.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode