America’s Grid Has A Multi-Trillion Dollar Problem | OilPrice.com

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America’s Grid Has A Multi-Trillion Dollar Problem | OilPrice.com
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The major disturbance event count for the U.S. grid has more than tripled in 24 years and the trend continues to get worse.

The U.S. grid has a structural reliability problem.

However, as modern life in our world becomes more digitized and electrified this presupposes even greater reliability of electricity service. For decades electricity grid experts argued that the grid’s minor perturbations cost the economy tens of billions of dollars a year. But leave that aside. Instead, we looked at the latest data for “major disturbances and unusual events” as tracked by the US Energy Information Administration. The number of disturbances varies dizzyingly from year to year.

Imagining ourselves as utility executives, if we really thought our customers would remain passive in the face of increasingly degraded service then we would only invest the bare minimum in reliability related investment. This is somewhat akin to the boiling frog analogy. As a result it is possible that US electric reliability declines further. Electrification only increases demands on an already fragile system.

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