MEASUREMENT GAPS MAY "UNDERCHARGE" DEREGULATION BENEFITS.The deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. of the electric power industry promises to bring lower prices and other benefits of competition to consumers. However, a recent economic study conducted for NIST (National Institute of Standards & Technology, Washington, DC, www.nist.gov) The standards-defining agency of the U.S. government, formerly the National Bureau of Standards. It is one of three agencies that fall under the Technology Administration (www.technology. shows that a lack of sophisticated measurement techniques and other technical obstacles could deprive de·prive v. 1. To take something from someone or something. 2. To keep from possessing or enjoying something. Americans of as much as $6.5 billion annually of the deregulation benefits. For example, the study states that as the number of companies involved in generating, transporting and delivering electricity grows, the number and complexity of transactions involved in those processes are expected to skyrocket sky·rock·et n. A firework that ascends high into the air where it explodes in a brilliant cascade of flares and starlike sparks. intr. & tr.v. . Such a highly distributed generation Distributed generation generates electricity from many small energy sources. It has also been called also called on-site generation, dispersed generation, embedded generation, decentralized generation, decentralized energy or network requires advanced measurements of system parameters that efficiently send the data to control functions to ensure system reliability and security. So, while virtually every home and business has a meter that measures electricity consumption, that information alone and in its present usage will not be enough to do the job in the future. The growing number of companies in the market also will increase the need for precise information about energy transactions. More precise measurements of standard billing parameters will be needed (e.g., energy, demand) to support contract management. NIST plans to use the study to identify areas where its work on measurements and standards can have the greatest impact on maximizing the benefits of wholesale and retail deregulation of the American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of power industry. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion