Market Designs for High Levels of Variable Generation: Preprint

Conference · Wed Oct 01 00:00:00 EDT 2014

DOI:https://doi.org/10.1109/PESGM.2014.6939455· OSTI ID:1160193

Milligan, M.; Holttinen, H.; Kiviluoma, J.; Orths, A.; Lynch, M.; Soder, L.

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.

• Research Organization: National Renewable Energy Lab. (NREL), Golden, CO (United States)
• Sponsoring Organization: USDOE Office of Energy Efficiency and Renewable Energy Wind Power Technologies Office
• DOE Contract Number: AC36-08GO28308
• OSTI ID: 1160193
• Report Number(s): NREL/CP-5D00-62280
• 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

Related Subjects

17 WIND ENERGY
WIND ENERGY
POWER MARKETS
ADEQUACY
CAPACITY
NATIONAL RENEWABLE ENERGY LABORATORY
NREL
Wind Energy