Summary and analysis of the 187 page DOE report titled “Staff Report to the Secretary on Electricity Markets and Reliability” dated August 2017 and summary and analysis of the 6 page PJM report titled “Energy Price Formation and Valuing Flexibility” dated June 15, 2017

DOE report titled “Staff Report to the Secretary on Electricity Markets and Reliability” dated August 2017, and
Summary of the 6 page PJM report titled “Energy Price Formation and Valuing Flexibility” dated June 15, 2017

Following are some of the highlights:

Changing circumstances are challenging current reliability:
Energy efficiency is done:
Retired plants were mostly baseload-type plants:
Grid operators must place and are placing increasing premium on flexible resources
More focus on resiliency is needed:
Current wholesale pricing inadequate for modern grid:
Cooperation between power and pipeline sectors is becoming crucial to reliability and resiliency, especially in winter,
Four issues that threaten grid reliability due to forced early retirements:

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