Smart Grid: SoS "… interacting in unpredictable ways that regulators and investors cannot comprehend

Electricity Without Price Controls - Jose Antonio Vanderhorst-Silverio

Posted At : February 4, 2012 12:51 PM | Posted By : Jose Antonio Vanderhorst-Silverio
Related Categories: Business & Corporate, Communications & Security, Industry Structure, Information Technology, Policy, Regulatory & Legal, Risk & Operations

Summary: Similar to financial markets, system crashes are expected in smart grid, because they have been though to be just complex technological systems, when they are in fact ultra large scale socio-technical systems. The difference between the two kinds of systems is told in “… the story of the London Millennium Bridge, which opened in June 2000 and two days later was closed for two years to remedy destabilizing swaying motions induced when groups of people walked over it.” As industry restructuring was flawed, legislators, regulators, and investors have a change to minimize the damage in the making on the power industry, by learning about their responsibility of the now known error of the Normalization of Deviance before it is too late.

To continuing reading, please go to the GMH post Smart Grid: SoS "… interacting in unpredictable ways that regulators and investors cannot comprehend, far less control.”

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