Systematic Changes on the Traditional Utility Model

Summary of Key Points from Speaker Presentation: The Greening of the Grid – Cornell Energy Systems Institute
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Summary of Key Points from Speaker Presentation: The Greening of the Grid – Cornell Energy Systems Institute
The Greening of the Grid, as the name suggests, is a project whose aim is to integrate renewable energy sources into the currently existing electricity grid. The integration has a significant influence on the Traditional utility model in terms of additional components due to greening and the current pricing strategies. These influences form the basis for the critical points in the current summary of the speaker's project presentation.
Systematic Changes on the Traditional Utility Model
Traditionally, the electricity utility model consists of four components: generation, transmission, distribution, and consumer. At the generation level, fuels used include coal, natural gas, and nuclear. These sources are not environment friendly prompting the need for the greening of the grid. Greening means the integration of renewable energy sources like solar and wind. The generation is always equal to the consumer load in the traditional utility model, especially where storage is not involved. The traditional customer model, which embodies the traditional utility model, involves a one-way flow from the distribution grid to the customer.
Therefore, when greening begins, there will be additional entities to the traditional customer model, which subsequently affects the traditional utility model. The traditional customer model consists of the grid and the customer. However, when, say, adding PV solar panels, the solar panels become a new entity as a source of energy besides the grid. Wind generation could be another addition to this model. Development...