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MICROGRIDS: INSOURCING MORE RELIABLE ENERGY RESOURCES TO CONNECTICUT TOWNS AND CITIES FIRST DRAFT FOR DISCUSSION PURPOSES ONLY electric energy by means of cogeneration technology, renewable energy resources or both and supplying it to any member or supplying it to, purchasing it from or exchanging it with a public service company, electric supplier, as defined in section 16-1, municipal aggregator, as defined in said section, municipal utility or municipal electric energy cooperative, in accordance with an agreement with the company, electric supplier, electric aggregator, municipal utility or cooperative. There have been future visions of a collectively- owned grid with microgrid-to- microgrid connections in a mesh network. In this more radical case, all rights of access and management formerly owned by regulated utility monopolies would become collectively owned property referred to in the literature as a common pooled resource. Although there is no precedent for common pooled resources in the electricity industry, this form of property regime closely resembles the internet, in which no single party owns the network. Interstingly, the utility trade association, Edison Electric Institute has launched a working group, entitled “The Energy Internet,” with seven utility members to consider new utility business models as customer-owned generation becomes more common. Note that in some sense the municipal utility serving Wallingford, Connecticut may be seen as a collectively managed grid. Details are sketchy, but this grid appears to have restored power with 24 hours after the storm-related outages last year, and it also integrates a microgrid serving Bristol Meyers. Most studies about the adoption of distributed energy and microgrids conclude that the best business model is one in which the incumbent utility companies have an ownership share of the microgrid To be equitable and promote an efficient adoption of new business models, a new property rights regime that transfers rights of distribution grid access and management now held by a Page 23PDF Image | MICROGRIDS
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