Market Designs for High Levels of Variable Generation: Preprint
Abstract
Variable renewable generation is increasing in penetration in modern power systems, leading to higher variability in the supply and price of electricity as well as lower average spot prices. This raises new challenges, particularly in ensuring sufficient capacity and flexibility from conventional technologies. Because the fixed costs and lifetimes of electricity generation investments are significant, designing markets and regulations that ensure the efficient integration of renewable generation is a significant challenge. This papers reviews the state of play of market designs for high levels of variable generation in the United States and Europe and considers new developments in both regions.
- Authors:
- Publication Date:
- Research Org.:
- National Renewable Energy Lab. (NREL), Golden, CO (United States)
- Sponsoring Org.:
- USDOE Office of Energy Efficiency and Renewable Energy Wind Power Technologies Office
- OSTI Identifier:
- 1160193
- Report Number(s):
- NREL/CP-5D00-62280
- DOE Contract Number:
- AC36-08GO28308
- Resource Type:
- Conference
- Resource Relation:
- Conference: Presented at the IEEE Power and Energy Society General Meeting, 27-31 July 2014, National Harbor, Maryland
- Country of Publication:
- United States
- Language:
- English
- Subject:
- 17 WIND ENERGY; WIND ENERGY; POWER MARKETS; ADEQUACY; CAPACITY; NATIONAL RENEWABLE ENERGY LABORATORY; NREL; Wind Energy
Citation Formats
Milligan, M., Holttinen, H., Kiviluoma, J., Orths, A., Lynch, M., and Soder, L. Market Designs for High Levels of Variable Generation: Preprint. United States: N. p., 2014.
Web. doi:10.1109/PESGM.2014.6939455.
Milligan, M., Holttinen, H., Kiviluoma, J., Orths, A., Lynch, M., & Soder, L. Market Designs for High Levels of Variable Generation: Preprint. United States. https://doi.org/10.1109/PESGM.2014.6939455
Milligan, M., Holttinen, H., Kiviluoma, J., Orths, A., Lynch, M., and Soder, L. 2014.
"Market Designs for High Levels of Variable Generation: Preprint". United States. https://doi.org/10.1109/PESGM.2014.6939455. https://www.osti.gov/servlets/purl/1160193.
@article{osti_1160193,
title = {Market Designs for High Levels of Variable Generation: Preprint},
author = {Milligan, M. and Holttinen, H. and Kiviluoma, J. and Orths, A. and Lynch, M. and Soder, L.},
abstractNote = {Variable renewable generation is increasing in penetration in modern power systems, leading to higher variability in the supply and price of electricity as well as lower average spot prices. This raises new challenges, particularly in ensuring sufficient capacity and flexibility from conventional technologies. Because the fixed costs and lifetimes of electricity generation investments are significant, designing markets and regulations that ensure the efficient integration of renewable generation is a significant challenge. This papers reviews the state of play of market designs for high levels of variable generation in the United States and Europe and considers new developments in both regions.},
doi = {10.1109/PESGM.2014.6939455},
url = {https://www.osti.gov/biblio/1160193},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Wed Oct 01 00:00:00 EDT 2014},
month = {Wed Oct 01 00:00:00 EDT 2014}
}
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