1. Jeremy Klingel discusses power market trends and the importance of demand response in bridging the transmission buildout gap.
2. Key players in the industry include Enel, CPower, and others focusing on demand response and distributed energy resources.
3. Challenges include prioritizing demand response and transmission buildout, as well as improving interconnection to reach electrification goals.
In the latest edition of Smart Energy’s Power Playbook column, Yusuf Latief interviews Jeremy Klingel of West Monroe about power market trends and the role of demand response in bridging the transmission buildout gap. Klingel emphasizes the importance of resiliency in the power grid, mentioning infrastructure hardening and the focus on demand response programs leveraging new technology.
Market trends in the US power sector include a resurgence of demand response programs and the need for additional transmission buildout. Players like Enel and CPower are expected to play a significant role in energy markets by leveraging commercial and industrial assets for generating electricity. The complexity of policy and regulation also poses challenges in engaging in demand response and building out transmission infrastructure.
There is a need for a better approach to expediting approval processes for new transmission projects and sharing costs more fairly. The focus must also include aggregating small grid edge resources for meaningful participation in energy markets. Developing a distributed energy resource management system and improving interoperability are critical steps towards aligning and prioritizing various aspects of the power sector for optimal future outcomes. Ultimately, better interconnection of resources with the grid will bring significant value and propel the transition towards a more resilient and sustainable energy system.