Download or read book Capitalizing on the Evolving Power Sector written by and published by . This book was released on 2013 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. electric power sector faces a significant transition over the next decade, with implications for the cost, reliability, and environmental impacts of the electricity supply. Specifically, economic trends and state and federal energy and environmental policies will continue to increase the share of natural gas and renewable energy in the generation mix. This ongoing shift provides an important opportunity to consider policies and institutional structures that help the electric grid adapt to changes in market conditions, policy, and technology in ways that enhance system reliability and maintain affordability. Low natural gas prices in the near- to medium-term will be a key driver of changes in the sector and further underscore this opportunity. As the fuel portion of the cost of electricity declines for many customers, there is a strong argument for an increased focus on the investment necessary to build a modernized grid that will deliver electricity that is both affordable and reliable. This report provides findings and recommendations from the Bipartisan Policy Center's (BPC) Electric Grid Initiative. The task force developed recommendations in four broad policy areas: (1) encouraging efficient transmission and distribution investment, (2) advancing planning and operational coordination across jurisdictions, (3) enabling a more flexible and resilient system, and (4) monitoring and enhancing operational reliability.