In the January 2013 Issue:
The power generation industry is a long-lead-time business with
long-lifecycle infrastructure, so any diversion from familiar operating
parameters (shale gas, we're looking at you) can spell difficulties for
generation owners, grid dispatchers, and end users. POWER editors and
contributors look at the likely scenarios-and surprises-ahead for the
U.S. and Europe.
Shale gas development in the U.S. has changed the tune for power
generators, leading to a game of musical chairs for coal- and gas-fired
power dispatch. Gas may be leading the dance now, but don't count coal
out.
When combined cycle peakers reach peak capacity factors of 80%, you know
market fundamentals have changed. There may be more supply now than
during the previous gas bubble, but there are still factors that could
burst that bubble
The Russian Power Revolution
Russia holds some of the largest fossil fuel reserves in the world and
has become a major fuel exporter. Domestically, however, those resources
have not guaranteed a reliable electricity infrastructure. We look at
the history of the Russian power industry, previous reforms, and the
latest plan to modernize a sector hobbled by Sovietera assets and
operations. Will $615 billion be enough?
The Electric Grid: Civilization's Achilles Heel?
Today's electric grid has become too essential to modern life and too
vulnerable to human and natural threats. That's the argument made by
several industry experts. Although they may disagree about the most
likely threats, and about how to defend against those threats, they
agree that if a major grid failure were to occur, the effects would be
unprecedented