Markets to Facilitate Wind and Solar Energy Integration in the Bulk Power Supply: An IEA Task 25 Collaboration; Preprint
Wind and solar power will give rise to challenges in electricity markets regarding flexibility, capacity adequacy, and the participation of wind and solar generators to markets. Large amounts of wind power will have impacts on bulk power system markets and electricity prices. If the markets respond to increased wind power by increasing investments in low-capital, high-cost or marginal-cost power, the average price may remain in the same range. However, experiences so far from Denmark, Germany, Spain, and Ireland are such that the average market prices have decreased because of wind power. This reduction may result in additional revenue insufficiency, which may be corrected with a capacity market, yet capacity markets are difficult to design. However, the flexibility attributes of the capacity also need to be considered. Markets facilitating wind and solar integration will include possibilities for trading close to delivery (either by shorter gate closure times or intraday markets). Time steps chosen for markets can enable more flexibility to be assessed. Experience from 5- and 10-minute markets has been encouraging.
- Publication Date:
- OSTI Identifier:
- Report Number(s):
- DOE Contract Number:
- Resource Type:
- Resource Relation:
- Conference: To be presented at the 11th Annual International Workshop on Large-Scale Integration of Wind Power into Power Systems as Well as on Transmission Networks for Offshore Wind Power Plants Conference, 13-15 November 2012, Lisbon, Portugal
- Research Org:
- National Renewable Energy Laboratory (NREL), Golden, CO.
- Sponsoring Org:
- USDOE Office of Energy Efficiency and Renewable Energy Wind Program
- Country of Publication:
- United States
- 17 WIND ENERGY; 14 SOLAR ENERGY; 24 POWER TRANSMISSION AND DISTRIBUTION; AVAILABILITY; CAPACITY; CLOSURES; DENMARK; DESIGN; ELECTRICITY; FEDERAL REPUBLIC OF GERMANY; FLEXIBILITY; IRELAND; MARKET; POWER SYSTEMS; PRICES; SOLAR ENERGY; SPAIN; WIND POWER; WIND POWER PLANTS WIND ENERGY; SOLAR ENERGY; ELECTRICITY MARKETS; WIND INTEGRATION; SOLAR INTEGRATION; NATIONAL RENEWABLE ENERGY LABORATORY; NREL; Electricity, Resources, and Buildings Systems
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