PJM President and CEO Andy Ott discussed PJM Interconnection’s initiatives to prepare for the evolution of the electrical grid at Politico’s “Reinventing American Energy: Modernizing U.S. Power Infrastructure for a Clean Energy Future” event in Washington, D.C., Wednesday.
The wholesale power markets have shown their ability to produce results better than policy mandates alone, Ott noted. He pointed out that, facilitated by markets, both prices and emissions fell significantly over the last decade – including more than a 30-percent reduction in carbon emissions – within the 13-state PJM footprint, which also includes Washington, D.C.
The advent of renewable energy sources requires the grid to be flexible to cope with the variable nature of wind and solar generators, Ott said. To that end, the grid operator has a proposal before the Federal Energy Regulatory Commission to better incentivize reserve resources that can be called upon quickly to supply power to meet fluctuations in renewable generation. Energy storage will be a big part of that equation as well, Ott said.
Ott joined U.S. Sen. Martin Heinrich of New Mexico and Sue Kelly, president and CEO of the American Public Power Association, on a panel moderated by Politico’s Zack Colman.
Watch the event at Politico.