Disruption in Electricity Markets: AI, Renewables and Demand Growth

Energy markets are undergoing major changes.  Demand for electricity is increasing and at the same time supply from intermittent renewables is gaining market share. Artificial intelligence (AI) is another source of disruption for electricity markets.  

To help us understand the changing market dynamics from an electricity trader perspective, our guest Cory Paddock, President and Co-Founder of GBE Energy joins the podcast. 

Here are some of the questions that Jackie and Peter ask Cory: How is electricity traded? As renewables gain a larger percentage of total supply, how will electricity markets be impacted? Are market reforms, such as capacity payments, needed to ensure power reliability as the share of renewables grows? What is a “duck curve”? How could AI change electricity markets? Is AI already being used? Could AI replace human electricity traders?  

Content referenced in this episode: 

• Small Vermont utility quietly builds a fleet of 4,000 Tesla Powerwalls (Electrek, Aug 22, 2022)  

 

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