Incentives for Integration of Innovative Technologies
* 21PESGM0853, Ramp Capability Product and 30-minute Short-Term Reserve: Motivation and Implementation: Y. CHEN, MISO * 21PESGM0854, Enhancing Grid Operational Resilience: T. ZHENG, ISO New England Inc. * 21PESGM0855, From today',s standards to flexible IT-enabled protocols for providing incentives : M. ILIC, Massachusetts Institute of Technology * 21PESGM2955, Grid Enhancing Technologies: J. CASPARY, Grid Strategies
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Members: $5.00PES
IEEE Members: $10.00
Non-members: $20.00
29 Jul 2021
This panel concerns the incentives for integrating innovative technologies, both software and hardware. Technologies that bring flexibility and enable management of uncertainties in the changing industry, are: 1) hardware, such as storage, T&D FACTS, price-responsive demand; and, 2) computer applications and control for corrective control and automated control. This panel stresses the lack of protocols for integrating these technologies into operations and markets at well-defined value. Representative of RTOs/ISOs will share their on-going efforts to establish such valuation. The providers of the technologies will give their view of the problems perceived, and the ideas on how to create needed incentives.
Chairs:
Marija Ilic, Massachusetts Institute of Technology, Nikita Singhal, Electric Power Research Institute
Sponsor Committees:
SOPE “ Power System Economics Subcommittee
