The intersection of Blockchain and the energy industry looks like a great place to be today. A technology that promises to bring order and automation in a distributed world could be the perfect match for a system (the energy system) and an industry (utilities) that are slowly but relentlessly decentralizing. Almost like a marriage made in heaven.
PJM’s “pay for performance” Reliability Pricing Model (RPM) capacity market is expected to drive operational excellence from traditional fossil fuel generators. FERC’s Order 745 being upheld in the courts earlier this year and puts the demand response (DR) at the forefront of capacity market model changes. FERC 745 will provide demand response participants the opportunity to participate in capacity markets and receive capacity payments on an equal level playing field with generators. This ruling should have some independent power producers and traditional utility generators concerned.