When implemented appropriately and without market-distorting subsidies, competitive markets should balance dispatchable and intermittent resources in an efficient manner.
TODD SNITCHLER, PRESIDENT AND CEO, ELECTRIC POWER SUPPLY ASSOCIATION
Today’s U.S. power sector faces a series of challenges that are not easily overcome. One of the most difficult is balancing the increased demand for power with requirements for cleaner resources. When reliability and affordability are rightfully prioritized, power providers find themselves in the unenviable position of needing to be all things at all times. Competitive markets can help solve this problem, but only if we are willing to change how we think about the future of energy.
Designed to leverage capital investment to spur innovation, competitive markets possess the structure needed to develop, integrate and advance the energy resources, both dispatchable and intermittent, that will be required to accelerate power sector decarbonization. To allow competitive markets to fulfill their potentials, reforms will be required that prioritize reliability, efficient permitting, the integration of new commercially viable resources, and innovation. In other words, we must have a reliable energy expansion …
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