Impact of variable renewable energy on US electricity markets

This paper reviews the design and operation of a number of large, regional organized markets in the US, as well as the operation of stand-alone single balancing area bilateral markets, from the viewpoint of integrating large amounts of variable output renewable energy sources. Significant difference...

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Hauptverfasser: Smith, J C, Beuning, Stephen, Durrwachter, Henry, Ela, Erik, Hawkins, David, Kirby, Brendan, Lasher, Warren, Lowell, Jonathan, Porter, Kevin, Schuyler, Ken, Sotkiewicz, Paul
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creator Smith, J C
Beuning, Stephen
Durrwachter, Henry
Ela, Erik
Hawkins, David
Kirby, Brendan
Lasher, Warren
Lowell, Jonathan
Porter, Kevin
Schuyler, Ken
Sotkiewicz, Paul
description This paper reviews the design and operation of a number of large, regional organized markets in the US, as well as the operation of stand-alone single balancing area bilateral markets, from the viewpoint of integrating large amounts of variable output renewable energy sources. Significant differences between the two types of markets are noted. In addition, a series of shortcomings of the first generation market designs are discussed, and some thoughts on the design changes required to enable greater participation of variable output generators in the market are provided.
doi_str_mv 10.1109/PES.2010.5589715
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source IEEE Electronic Library (IEL) Conference Proceedings
subjects Ancillary service markets
bilateral markets
capacity markets
electricity markets
ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
Generators
market design
market evolution
market operation
Power system reliability
price responsive load markets
Real time systems
Reliability
Renewable energy resources
variable generation
Wind forecasting
wind generation
title Impact of variable renewable energy on US electricity markets
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