A group of national nonprofit organisations are forming a new initiative to help evolve state regulatory processes for the power sector.
The initiative's aim is to help regulators keep pace with the dynamic energy needs of customers and develop more effective ways of working together to identify and deliver new solutions to those needs.
Renovate is convened by the Smart Electric Power Alliance (SEPA) and launched in partnership with the National Rural Electric Cooperative Association and other leading electric industry and stakeholder groups.
The initiative’s vision is to enable the evolution of state regulatory processes and practices in order to address the scalable deployment of technologies and business operating models that support the transition to a clean and modern energy grid.
“This groundbreaking initiative will help address the challenges in meeting customer needs and increased expectations for a modern grid enabled by new technologies, while continuing to provide clean, affordable, safe, and reliable electric service,” said Janet Gail Besser, Managing Director of Regulatory Innovation & Utility Business Models at SEPA.
“As policymakers consider proposals that will continue to reshape the electric utility industry, promoting candid and thoughtful discussions will be vital to protecting the interests of energy consumers during the transition,” said NRECA CEO Jim Matheson. “Electric co-ops look forward to bringing our community and consumer-first focus to this dialogue.”
To begin Renovate, a task force including commissioners, consumer and environmental advocates, legislators, and leaders from utilities, solution providers and state energy offices alongside initiative partners identified problem statements to guide the initiative’s focus. The problem statements include issues on the steep learning curve for all industry participants, managing system risk and uncertainty, managing increased rate of change and the balancing and cross-coordination of multiple priority sets.
Working with a task force of stakeholder representatives and partners, the next phase of the initiative entails identifying a set of solutions to designated problem statements, and identifying, assessing and benchmarking existing regulatory innovations—both domestically and globally—which will include the development and publication of key illustrative case studies.
The original version of this story appeared on our sister site, Electric Light & Power.