A nearly daily update of energy-related news:
- The Brattle Group, Inc. released the Executive Summary of the Cost-Benefit Analysis of ERCOT’s Future Ancillary Services (FAS) Proposal. ERCOT is proposing FAS as a means to maintain grid reliability. In this report, The Brattle Group finds that FAS does offer economic benefits and will improve reliability as conditions and capabilities evolve.
- The maturity of Home Energy Management Systems (HEMS) is one of the five consumer-driven demand management trends to watch in 2016 according to Utility Dive. The market for HEMS technology is predicted to reach $2.2 billion by 2022 in North America, more than twice the current value. Mobile apps and other technologies are helping to advance the market in addition to a more educated consumer.
- GTM Research predicts that the cost of installing energy-storage systems will decline by 41 percent over the next five years. They state that as the costs of hardware, labor, customer acquisition and other key components drops, this technology lends itself to a wider use.