Refers to the real-time wholesale cost of electricity that fluctuates based on supply, demand, weather, and grid conditions.
Southwest Power Pool
Generators with turbines rotating in sync with the grid frequency. They include large-scale thermal (coal and gas) and hydropower plants.
A type of power station in which the heat energy generated from various fuel sources (e.g., coal, natural gas, nuclear fuel, etc.) is converted to electrical energy.
The maximum amount of electrical power that can be reliably moved from one geographic region of the power grid to another, essentially indicating the ability of the transmission lines connecting those regions to transport electricity between them without causing instability or exceeding safety limits. It’s a crucial concept for ensuring the safe and efficient operation of the power system, particularly in the context of electricity markets and grid planning.
Equipment used to increase and decrease voltages at grid interfaces.
The process (and infrastructure) of moving large amounts of electrical power over long distances from where it is generated, like a power plant, to substations closer to consumers.
A network of distributed energy resources—like rooftop solar panels, electric vehicle chargers, and smart water heaters—that work together to balance energy supply and demand on a large scale. They are usually run by local utility companies that oversee this balancing act.
Often described as the “pressure” that pushes electric current through a circuit. It’s measured in volts (V) and is essentially the energy per unit charge. Think of it like water pressure: the higher the voltage, the greater the “push” on electrons, and the more current can flow.
Maintaining stable voltage on the grid is critical to keeping the lights on and avoiding equipment damage. Voltage is not consistent across the grid, though it is locally constant, with higher voltages used for longer transmission lines and lower voltages used at the distribution level.
Measure of the rate of energy transfer over a unit of time, with one watt equal to one joule (J) per second.
A form of renewable energy that uses the kinetic energy of wind to generate electricity. It involves capturing the wind’s energy through turbines, which then convert this mechanical energy into electricity. Modern wind power generation primarily relies on wind turbines, often grouped into wind farms, connected to the electrical grid.
The increase in energy demand during the winter months, usually due to heating needs. This can lead to higher energy prices and bills for a number of reasons, including:
