Integrating Variable Renewable Energy in Electric Power Markets: Best Practices from International Experience, Summary for Policymakers
Many countries -- reflecting very different geographies, markets, and power systems -- are successfully managing high levels of variable renewable energy on the electric grid, including that from wind and solar energy. This document summarizes policy best practices that energy ministers and other stakeholders can pursue to ensure that electricity markets and power systems can effectively coevolvewith increasing penetrations of variable renewable energy. There is no one-size-fits-all approach; each country studied has crafted its own combination of policies, market designs, and system operations to achieve the system reliability and flexibility needed to successfully integrate renewables. Notwithstanding this diversity, the approaches taken by the countries studied all coalesce aroundfive strategic areas: lead public engagement, particularly for new transmission; coordinate and integrate planning; develop rules for market evolution that enable system flexibility; expand access to diverse resources and geographic footprint of operations; and improve system operations. This study also emphatically underscores the value of countries sharing their experiences. The more diverseand robust the experience base from which a country can draw, the more likely that it will be able to implement an appropriate, optimized, and system-wide approach.
- Research Organization:
- National Renewable Energy Lab. (NREL), Golden, CO (United States)
- Sponsoring Organization:
- USDOE Office of Energy Efficiency and Renewable Energy (EERE)
- DOE Contract Number:
- AC36-08GO28308
- OSTI ID:
- 1041368
- Report Number(s):
- NREL/TP-6A20-53730; TRN: US201211%%591
- Resource Relation:
- Related Information: For full report, see NREL/TP-6A00-53732.
- Country of Publication:
- United States
- Language:
- English
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Integrating Variable Renewable Energy in Electric Power Markets. Best Practices from International Experience
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Related Subjects
25 ENERGY STORAGE
29 ENERGY PLANNING
POLICY AND ECONOMY
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
ELECTRIC POWER
ELECTRICITY
FLEXIBILITY
MARKET
PLANNING
POWER SYSTEMS
RELIABILITY
SOLAR ENERGY
RENEWABLE ENERGY SOURCES
high penetration
wind
variable renewable energy
grid integration
balancing authority areas
systems integration
system operation
flexibility
public engagement
transmission
planning