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Smart Power: Climate Change, the Smart Grid, and the Future of Electric Utilitiesby Peter Fox Penner
Synopses & Reviews
A new national policy on climate change is under debate in the United States and is likely to result in a cap on greenhouse gas emissions for utilities. This and other developments will prompt utilities to undergo the largest changes in their history. Smart Power examines the many facets of this unprecedented transformation.
This enlightening book begins with a look back on the deregulatory efforts of the 1990s and their gradual replacement by concerns over climate change, promoting new technologies, and developing stable prices and supplies. In thorough but non-technical terms it explains the revolutionary changes that the Smart Grid is bringing to utility operations. It also examines the options for low-carbon emissions along with the real-world challenges the industry and its regulators must face as the industry retools and finances its new sources and systems.
Throughout the book, Peter Fox-Penner provides insights into the policy choices and regulatory reform needed to face these challenges. He not only weighs the costs and benefits of every option, but presents interviews with informed experts, including economists, utility CEOs, and engineers. He gives a brief history of the development of the current utility business model and examines possible new business models that are focused on energy efficiency.
Smart Power explains every aspect of the coming energy revolution for utilities in lively prose that will captivate even the most techno-phobic readers.
Book News Annotation:
For energy industry professionals, industry-watchers, policy makers, environmentalists, and students in these fields, this clear, well-researched presentation should be required reading. A principal of the international economic consulting firm The Brattle Group, Fox-Penner considers past and present incarnations of the electric utilities, introduces the problems those companies must anticipate, outlines business models that utilities could adopt to absorb the cost of changing technology, and describes the "smart grid" as an efficient and effective model for the future. His analysis acknowledges the environmental impact of energy use and responds with practical solutions grounded in an understanding of economic and political contexts. Extensive notes and bibliography support the text and offer avenues for further investigation. Annotation ©2010 Book News, Inc., Portland, OR (booknews.com)
New developments in the discussions of climate change and conservation of energy are prompting utilities to undergo the largest changes in their history, transforming them from regulated commodity energy firms to low-carbon network operators. The combination of industry structure, regulation, and business mission that utilities adopted over a century ago must be retooled for an era with different priorities, a different mission for utilities, and very different utility technologies.
Smart Power examines the many facets of this transformation in thorough but non-technical terms. From the options for long-term power generation, to the policy choices and regulatory reform needed to accomplish the nations goals, to new strategies for the development of an efficiency-focused business model, Peter Fox-Penner provides clear and lively guidance through a thoroughly transformed landscape of power generation.
Climate change and the need for better energy conservation are prompting utilities to undergo the greatest changes in their history, transforming them from regulated commodity energy firms to low-carbon network operators. The current regulatory structure, industry models, and business strategies need dramatic retooling for an era with new priorities and very different technologies.
Smart Power offers anyone interested in our energy future an-depth look at the challenges electric utilities face and the strategies and new business models needed for creating an energy-efficient industry. It shows how the industry must face the climate imperative in order to become a sustainable industry, as well as the practical and political realities of making these dramatic changes.
About the Author
Peter Fox-Penner is a consulting executive and an internationally recognized authority on energy and electric power industry issues. Dr. Fox-Penner is a principal and chairman emeritus of The Brattle Group, a leading international economic consulting firm.
Table of Contents
Chapter 1. The First Electric Revolution
Chapter 2. Deregulation, Past and Prologue
PART I. The Smart Grid and Electricity Sales
Chapter 3. The New Paradigm
Chapter 4. Smart Electric Pricing
Chapter 5. The Regulatory Mountain
Chapter 6. The (Highly Uncertain) Future of Sales
PART II. Supply Side Challenges
Chapter 7. The Aluminum Sky
Chapter 8. The Great Power Shift
Chapter 9. Billion Dollar Bets
PART III. Business Models for the New Utility Industry
Chapter 10. Energy Efficiency: The Buck Stops Where?
Chapter 11. Two and a Half Business Models
Chapter 12. The Smart Integrator
Chapter 13. The Energy Services Utility
Technical Appendix A
Technical Appendix B
Technical Appendix C
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