Showing results by author "Peter Cramton" in All Categories
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A few NotebookLM generated podcasts from Peter Cramton
- Written by: Peter Cramton
- Original Recording
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Electrifying nearly everything is necessary as the world transitions to net zero carbon emissions. Electricity demand will double with rapid innovation in supply and demand. As the share of intermittent renewables, primarily solar and wind, grows and extreme weather events become more frequent, balancing supply and demand every second becomes more challenging. Restructured wholesale markets provide real-time balancing. The market determines clearing prices that balance supply and demand, motivating operations to maximize social welfare.Prices vary by time and place. Electricity prices, ...
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