It has also created anomalies, like retail electricity prices that are lower than the cost of producing power, which lead to big losses at state-owned utilities.
Smart Grid (SG) is an evolution of conventional electricity grid, answering to the problems like electricity shortages, escalation in electricity prices, power quality issues and need for using environment friendly green energy resources.
Mr. Wood was supported for the FERC job by Enron, although after becoming chairman he supported several measures staunchly opposed by Enron, like caps on electricity prices in California.
State officials have said the plants, which have been swiftly built in recent months, will also help avert sharp jumps in electricity prices like those of last summer.
His old socialist dreams of nationalizing banks have given way to more modest populist goals, like regulating telephone and electricity prices.
Gov. George E. Pataki and his aides have argued that the generators are necessary to avoid sharp jumps in electricity prices like those last summer, and even possible blackouts.
But nothing would help more than a temporary cap on wholesale electricity prices like the one envisaged in a bill sponsored by Senators Dianne Feinstein of California and Gordon Smith of Oregon.
A fuller evolution to real-time electricity prices, like those from CAISO that already vary more than $0.06 per kilowatt-hour in a single day, can save customers over half the cost per unit of electricity!
With the cost of natural gas power now challenging and often dropping lower than coal, the premature closure of existing coal power plants has not driven a spike in electricity prices like would have been the case a decade ago.
"Then they raise electricity prices, no one likes this, and they hold up EU flags... Will there be a Maidan in Armenia?
