Table 3. Markets Don't Yet Exist for Non-Monetized Benefi ts:
Table 4. The Goal of REV is to Create Markets for Resiliency Benefi ts:
VI. A New Utility Paradigm?
Historically the electric power industry has been built on a model of a large central
generating station, supplying power, typically from long distances to customers
across a system of long distance transmission lines, to local distribution lines, to
the hookup at the customer's premises. In the main, our existing system for the
production and delivery of electricity is built upon one way fl ows from central power
source to customer site.
There is a new paradigm emerging. Technology, process and product innovations,
public incentives and new fi nancing mechanisms have enabled marked declines in the
cost of many forms of distributed energy resources. By defi nition, these resources are
located at or near the buildings, businesses, industries and residents that they serve.
Customers are increasingly able to take control over some portion of their energy
supply (via onsite or adjacent PV, CHP or other forms of renewable energy). Likewise,
sophisticated communications, sensors, controls, optimization algorithms and IT apps
are emerging to manage the energy demands within and across buildings.
The distribution utility has the responsibility for the safe and secure operation of the
grid. Renewable and high effi ciency local generation must be interconnected in a
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