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The Utility of the Future: An MIT Energy Initiative Response to An Industry in Transition

December 15, 2016
By IGNACIO PÉREZ-ARRIAGA, et al.

This study attempts to serve as a guide for policy makers, regulators, utilities, existing and startup energy companies, and other power-sector stakeholders to better understand the factors currently driving change in electric power systems globally.

This study attempts to serve as a guide for policy makers, regulators, utilities, existing and startup energy companies, and other power-sector stakeholders to better understand the factors currently driving change in electric power systems globally.

Among the study's findings are the economic impact of meeting greater than 20% of the electric power load with distributed photovoltaic solar generation could double the cost of the network.

Using more distributed energy resources results in a more complex network which can increase increase electric systems’ vulnerabilities to extraordinary events, exacerbate privacy concerns and increase the vulnerability of utility systems to cyber attacks.