This book is about applying fundamental business concepts to move our electric power markets to a new paradigm. The heart of the new paradigm is the use of forward and spot transactions to manage risk, and guide investment and operating decisions. Our current business model is regulated cost-of-service and centralized resource optimization. This century-old centralized system is rapidly moving to a decentralized energy ecosystem. The evolution is driven by technology and the need to wean ourselves off fossil fuels. The ideas in this book will spur innovation and enable this evolution to progress more rapidly.
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