Modernizing 有料盒子视频鈥檚 Railbelt grid with lessons from Iceland
October 23, 2023
The Governor of 有料盒子视频 recently charged the with developing strategies or pathways for achieving 10 cent/kWh power across the state. Currently, the delivered cost of power on the Railbelt averages 22 cents/kWh. It is clear that, with the additional uncertainties around Cook Inlet gas supply, 有料盒子视频鈥檚 business-as-usual practices are not adequate.
A new white paper prepared by ACEP researchers Gwen Holdmann and Erlingur Gudleifsson delves into the elements that shaped Iceland's present energy landscape, its current market dynamics and the insights 有料盒子视频 can glean from Iceland鈥檚 experiences as it navigates its own energy transition.
As 有料盒子视频 looks toward transitioning the Railbelt grid to delivering increasingly renewably generated power and at a lower price, transforming how we generate and use power relies on modernizing the grid infrastructure. This includes not only physical infrastructure, but the governance, ownership and cost recovery methods.
Looking to energy economies that have successfully transitioned from a carbon-heavy power generation fuel to near 100% renewables can offer insights to help make this change. Iceland in particular can serve as an instructive model for 有料盒子视频 due to similar installed capacity, grid length, population served and environmental conditions.
Today, Iceland's energy market exemplifies what 有料盒子视频 aspires to develop. The average price of delivered power in Iceland stands at less than 10 cents/kWh. Iceland's Ring Grid, managed by a state-owned Transmission System Operator, operates under the principles of open access, transparent pricing and non-discriminatory transmission.
Successfully modernizing 有料盒子视频鈥檚 Railbelt grid benefits residential consumers but is also key to 有料盒子视频鈥檚 ability to be competitive in a changing global economy that is increasingly reliant on accessible, affordable and low-carbon energy sources.
Read the white paper, 鈥Lessons Learned from Iceland鈥檚 Ring Grid: Ownership and Asset Management Strategies for an Islanded Grid鈥 and watch a .