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Electricity Markets
There’s a lot riding on the complex load forecasts electric utilities use to schedule the dispatch of their power plants. A mismatch between predicted and actual load can cost thousands or even hundreds of thousands of dollars. Many utilities have now moved away from the days when load forecasts were done manually. Algorithms and machine learning are replacing the time-consuming process of manually updating forecasts throughout the day as conditions change.
It seems like every day brings news of a new cybersecurity threat, whether it is a sophisticated phishing attack or the latest malware developed by bad actors. No utility, large or small, is immune from cyber attack. While they recognize the seriousness of this issue, many public power utilities are not sure how to track potential threats or put defenses in place.
Smart Grid
The U.S. Court of Appeals for the Seventh Circuit turned aside a challenge to the collection of energy consumption data through smart meters by the public power utility in Naperville, Ill.
A federal judge ruled that a final rule issued by the Environmental Protection Agency and Army Corps of Engineers that adds an “applicability date” of Feb. 6, 2020 to the 2015 Waters of the U.S. (WOTUS) rule must be set aside.
Electric Vehicles
Nebraska public power utility Lincoln Electric System has begun a campaign to recruit electric vehicle drivers in a study that the utility plans to use to better understand the impact electric vehicle charging will have on its system’s demand.
Smart Energy Use
The New York State Public Service Commission approved a $5 million program for Consolidated Edison Company of New York to reduce residential and commercial customer demand for natural gas.
Bernhard Capital Partners, a private equity management firm based in Baton Rouge, La., is pitching plans to officials in Lafayette, La., under which the electric division of public power utility Lafayette Utilities System would become privatized.
Electric Vehicles
A Missouri Court of Appeals ruling could set the stage for state regulators later this year to reconsider Kansas City Power & Light's request to include electric vehicle charging stations in rate base.