01/06/25 - 116 New Stories - REAL Environmental & Conservation Leadership In PA: http://tinyurl.com/ys7ezy8e
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PJM's Striving For Perfect Electric Generation Dispatch Nets Nearly $200 Million In Savings
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The PJM Interconnection saved $199 million last year -- an amount almost equal to its operating costs -- by increasing efficiency in how generation is scheduled to meet electric demand requirements, particularly, the scheduling of more costly combustion turbines used to meet demand shortfalls. Accumulated savings since 2008 are $455 million.
Combustion turbines, gas or oil-fired generators that use air combustion to produce power, are often on stand-by to run in case needed because they can be brought on-line more quickly. However, the cost of having them available and running them are typically more expensive than previously scheduled generation.
"Considering the kind of year we've had with weather events such as tornadoes, early and recurring heat waves and a fall snow storm, it makes the accomplishment that much more noteworthy," said Michael Kormos, senior vice president-Operations. "The fact that the savings realized is about what our operating costs are for reliability services shows the kind of efficiencies possible through an innovative and collaborative spirit."
Scheduling the amount of power needed to meet consumers' use is not a perfect science given variables such as weather. However, PJM has set aggressive goals each year to reach "perfect dispatch," where generation scheduled equals the amount needed. Each incremental improvement toward perfect dispatch translates into savings for PJM, and ultimately its members.
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1/23/2012 |
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