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.
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Peter Fox-Penner, Ph.D., is a consulting executive and an internationally recognized authority on energy and electric power industry issues. He is a Professor of Practice in the Questrom School of Management and the Director of Boston University’s Institute for Sustainable Energy.
"That Fox-Penner takes on the job of lending structure and clarity to perhaps the most daunting challenge ever to face the electricity industry speaks volumes."
--Diana Moss, The American Antitrust Institute
"This is probably the best holistic treatment of the critical issues facing the electricity industry that I have ever read." --John Caldwell, Director of Economics at the Edison Electric Institute
"Smart Power is the most advanced look at how climate policies will change our energy utilities..." --Joe Romm, Editor of Climate Progress and a Senior Fellow at the Center for American Progress
"It's an absolutely terrific piece of work - remarkable scope and depth, while remaining accessible and pragmatic." --John Kwoka, Finnegan Professor of Economics at Northeastern University
"Smart Power paints a sharp picture of the historic challenges facing the utility industry, its regulators and the Nation at large." --Charles Gray, Executive Director of the National Association of Regulatory Commissioners
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