Think of peak load as the highest period of demand on the grid over a certain time frame. To reliably deliver power to all customers during peak load periods, power plants are guaranteed revenue through long-term capacity delivery auctions and in return those plants guarantee to operate on those days.
The hazy, humid days of summer are upon us. Staying cool on those stifling days is likely top of mind, but did you know you can also be energy-efficient while maintaining your comfort? With a few simple tips, you can protect the planet by using less energy and even protect your wallet!
Net metering is a process that allows the unused electricity that privately owned solar panels, wind generators, and other forms of renewable energy generation are creating to be redistributed back into the shared power grid.
Running the AC at full blast might bring comfort on hot days, but nobody likes the high utility bills that typically follow. Let’s look at how to better manage your electricity costs this summer—while staying comfortable!
In an earlier blog highlighting PJM’s price formation proposal, we discussed one aspect of price formation, which was related to transforming the way reserves are priced into the market. Here, we’ll cover the latest developments on another aspect of price formation, known as fast-start pricing.