6 x 9
17 photos and illustrations
6 x 9
17 photos and illustrations
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.
"A valuable and insightful analysis of where the U.S. electric power industry is headed and what it must do to successfully transition to a low carbon environment. This book should be required reading for all industry regulators as they prepare to confront the challenges of this new paradigm."
Mark Crisson, Chief Executive Officer of the American Public Power Association
"Few economist/engineers understand the electricity system as well as Peter Fox-Penner, and far fewer can explain it as lucidly. Whether or not you agree with every detail, his vision of the opportunities, risks, uncertainties, and tipping-points of this vast and crucial industry is powerful and provocative."
Amory B. Lovins, Chairman and Chief Scientist, Rocky Mountain Institute
"…a thoughtful vision of the opportunities for the electric power industry to make use of new organizational and regulatory frameworks and new technologies so that it can successfully adapt to climate change, energy security and economic efficiency challenges ...."
Paul Joskow, President of the Alfred P. Sloan Foundation
"If you're serious about policies that place energy efficiency on a level playing field with new energy supplies, and energy policy generally, this book is essential reading."
Art Rosenfeld, former Commissioner of the California Energy Commission
"Smart Power is the most advanced look at how climate policies will change our energy utilities, from power sources to operations to business models."
Joe Romm, Editor of Climate Progress, Senior Fellow at the Center for American Progress
"An excellent treatment of the critical issues facing the electricity industry."
Thomas R. Kuhn, President of The Edison Electric Institute
"Smart Power paints a sharp picture of the historic challenges facing the utility industry, its regulators and the nation at large. Peter Fox-Penner's urgent call for a bottoms-up solution relying on local, state and regional cooperation and creativity presages the work now ongoing across the country. Smart Power is an essential read for policy makers looking for workable solutions for the next decade and beyond."
Charles Gray, Executive Director of the National Association of Regulatory Commissioners
"An absolutely terrific piece of work—remarkable scope and depth, while remaining accessible and pragmatic."
John Kwoka, Finnegan Professor of Economics, Northeastern University
"The thoroughness and authority of the book stand out, and as both a popular policy and business strategy book, Smart Power is a compelling read for a wide range of audiences."
"Smart Power is a provocative and balanced thought piece that dissects the existing structure of the power industry to propose a new order."
Energy Law Journal
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