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
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container_end_page 66
container_issue 6
container_start_page 60
container_title IEEE power & energy magazine
container_volume 13
creator Ahlstrom, Mark
Ela, Erik
Riesz, Jenny
O'Sullivan, Jonathan
Hobbs, Benjamin F.
O'Malley, Mark
Milligan, Michael
Sotkiewicz, Paul
Caldwell, Jim
description 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.
doi_str_mv 10.1109/MPE.2015.2458755
format Magazinearticle
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source IEEE Electronic Library (IEL)
subjects 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
title The Evolution of the Market: Designing a Market for High Levels of Variable Generation
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