The Evolution of the Market: Designing a Market for High Levels of Variable Generation

Renewable energy was not the initial justification for electricity markets, but it is rapidly becoming a driver for new markets and market design changes. Starting in 1982 with market reforms in Chile, competition has been introduced into wholesale electricity markets around the world. This trend is...

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Veröffentlicht in:	IEEE power & energy magazine 2015-11, Vol.13 (6), p.60-66
Hauptverfasser:	Ahlstrom, Mark, Ela, Erik, Riesz, Jenny, O'Sullivan, Jonathan, Hobbs, Benjamin F., O'Malley, Mark, Milligan, Michael, Sotkiewicz, Paul, Caldwell, Jim
Format:	Magazinearticle
Sprache:	eng
Schlagworte:	China Company structure Competition Electric power generation Electricity Electricity supply industry ENERGY PLANNING, POLICY, AND ECONOMY Evolution Generators Markets Power markets Power system reliability Renewable energy Renewable energy sources solar variable renewable resources wind Wind energy generation Wind power generation
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Beschreibung
Zusammenfassung:	Renewable energy was not the initial justification for electricity markets, but it is rapidly becoming a driver for new markets and market design changes. Starting in 1982 with market reforms in Chile, competition has been introduced into wholesale electricity markets around the world. This trend is likely to accelerate with countries such as China planning a major restructuring of power systems that could result in electricity markets.
ISSN:	1540-7977 1558-4216
DOI:	10.1109/MPE.2015.2458755