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Title: Overview of Wholesale Electricity Markets

Abstract

This chapter provides a comprehensive review of four key electricity markets: energy markets (day-ahead and real-time markets); ancillary service markets; financial transmission rights markets; capacity markets. It also discusses how the outcomes of each of these markets may be impacted by the introduction of high penetrations of variable generation. Furthermore, the chapter examines considerations needed to ensure that wholesale market designs are inclusive of emerging technologies, such as demand response, distributed generation, and distributed storage.

Authors:
 [1];  [1];  [1];  [1];  [2];  [3];  [3]
  1. National Renewable Energy Laboratory (NREL), Golden, CO (United States)
  2. Electric Power Research Institute
  3. Argonne National Laboratory
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
USDOE Office of Energy Efficiency and Renewable Energy (EERE)
OSTI Identifier:
1425731
Report Number(s):
NREL/CH-5D00-71089
DOE Contract Number:  
AC36-08GO28308
Resource Type:
Book
Country of Publication:
United States
Language:
English
Subject:
24 POWER TRANSMISSION AND DISTRIBUTION; electricity markets; variable generation; emerging technologies

Citation Formats

Milligan, Michael, Bloom, Aaron P, Cochran, Jaquelin M, Townsend, Aaron, Ela, Erik, Botterud, Audun, and Levin, Todd. Overview of Wholesale Electricity Markets. United States: N. p., 2018. Web. doi:10.1007/978-3-319-74263-2_1.
Milligan, Michael, Bloom, Aaron P, Cochran, Jaquelin M, Townsend, Aaron, Ela, Erik, Botterud, Audun, & Levin, Todd. Overview of Wholesale Electricity Markets. United States. doi:10.1007/978-3-319-74263-2_1.
Milligan, Michael, Bloom, Aaron P, Cochran, Jaquelin M, Townsend, Aaron, Ela, Erik, Botterud, Audun, and Levin, Todd. Thu . "Overview of Wholesale Electricity Markets". United States. doi:10.1007/978-3-319-74263-2_1.
@article{osti_1425731,
title = {Overview of Wholesale Electricity Markets},
author = {Milligan, Michael and Bloom, Aaron P and Cochran, Jaquelin M and Townsend, Aaron and Ela, Erik and Botterud, Audun and Levin, Todd},
abstractNote = {This chapter provides a comprehensive review of four key electricity markets: energy markets (day-ahead and real-time markets); ancillary service markets; financial transmission rights markets; capacity markets. It also discusses how the outcomes of each of these markets may be impacted by the introduction of high penetrations of variable generation. Furthermore, the chapter examines considerations needed to ensure that wholesale market designs are inclusive of emerging technologies, such as demand response, distributed generation, and distributed storage.},
doi = {10.1007/978-3-319-74263-2_1},
journal = {},
number = ,
volume = ,
place = {United States},
year = {2018},
month = {2}
}

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Works referenced in this record:

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