Jim talks with Lynne Kiesling about the electrical grid and what could and should change in its architecture in the years to come. They discuss electricity as a product, the move away from centralized control rooms, energy storage as the holy grail, base load vs peak load, distributed & intermittent energy resources, moving power to & from the grid, temporal patterns of supply & usage, varying demand to meet supply, programming thermostats, digitization of the electric grid, how rooftop solar systems coordinate with the grid, distributed energy resource management systems, advancements in storage, cyberattacks & solar flares, the Transactive Energy Service System (TESS), machine learning in energy bidding, the challenge of testing complex systems, the Olympic Peninsula Testbed Project, responding to events like the Great Texas Freeze of 2021, institutional design in a new technological landscape, wholesale power generation, power law distributions, and much more.

Episode Transcript

Transactive Energy Service System (TESS)

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Lynne Kiesling is an economist focusing on regulation, market design, and the economics of digitization and smart grid technologies in the electricity industry. She is a Research Professor in the School of Engineering, Design and Computing at the University of Colorado-Denver, and Co-Director of the Institute for Regulatory Law & Economics. Lynne also provides advisory and analytical services as the President of Knowledge Problem LLC, and is an Adjunct Professor in the Masters of Science in Energy and Sustainability program at Northwestern University. In addition to her academic research, she is currently a member of the U.S. Department of Energy's Electricity Advisory Committee, has served as a member of the National Institute of Standards and Technology's Smart Grid Advisory Committee, and is an emerita member of the GridWise Architecture Council. Her academic background includes a B.S. in Economics from Miami University (Ohio) and a Ph.D. in Economics from Northwestern University.