EDITOR'S NOTE: The National Association of Regulatory Utility Commissioners has developed a sophisticated game modeling the sweeping transformation of the electric utility sector now underway. State regulators from all corners of the country have taken part in this exercise. Miles Keogh, NARUC lab director and the team who developed the SuperModels experience will be sharing it at the Empowering Customers & Cities executive conference in Chicago Nov. 1-2. Mr. Keogh provided the following description of the exercise.
NARUC has developed a new interactive learning exercise – a game - where you work in teams to run a power company using different business models – performance based, cost of service, transactive energy.
It explains what those things are and why they matter for CO2 emissions and for company earnings, reliability, and customer bills.
The teams have to deal with changes in the power sector like solar integration, coal retirements and gas price spikes and all that, while in a declining carbon environment, and maintaining good reliability, affordable bills, and company competitiveness.
It’s called the SuperModels game and it’s funny and fun to play, but also it is really instructive about what the marketplace of ideas is doing right now with business models and the implications for environmental outcomes.