Texas Leads Vpp Adoption With Deregulated Market
Texas is uniquely suited to adopt virtual power plant (VPP) technology due to its competitive, deregulated marketTexas is uniquely suited to adopt virtual power plant (VPP) technology due to its competitive, deregulated market.
PV Magazine International 11:40 am on May 30, 2024
Renewable energy advancements, VPPs (Virtual Power Plants) adoption challenges in Texas despite potential benefits for consumers and grid resiliency improvements after Winter Storm Uri.
- Challenges in standardizing VPP programs across states
- Texas' unique market structure favoring renewable energy integration
- Potential for exponential growth in Texas with homeowner compensation and program refinement
- Vertical electricity markets vs. competitive free-market advantages for VPP adoption
- Monetary disincentives for utilities to use VPP approaches, highlighting the need for rate structure reform
https://www.pv-magazine.com/2024/05/30/texas-leading-vpp-adoption-with-deregulated-market/