Results for tag: "Power Ancillary Service"

The Power Ancillary Service market is a subset of the utility industry that provides services to support the reliable operation of the electric grid. These services are typically provided by generators, transmission and distribution companies, and other entities. Ancillary services are used to maintain the balance between supply and demand, and to ensure the reliability of the grid. They include frequency regulation, spinning reserves, non-spinning reserves, and voltage support. Ancillary services are typically procured through competitive markets, with prices determined by supply and demand. Utilities may also enter into contracts with ancillary service providers to ensure reliable service. Companies in the Power Ancillary Service market include NRG Energy, Exelon Corporation, Duke Energy, American Electric Power, and Southern Company. Show Less Read more