Market designs for high levels of variable generation

Michael R. Milligan, Hannele Holttinen, Juha Kiviluoma, Antje G. Orths, Muireann Á Lynch, Lennart H. Söder

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

4 Citations (Scopus)

Abstract

Variable renewable generation is increasing in penetration in modern power systems, leading to higher variability in the supply and price of electricity as well as lower average spot prices. This raises new challenges, particularly in ensuring sufficient capacity and flexibility from conventional technologies. As the fixed costs and lifetimes of electricity generation investments are significant, designing markets and regulations which ensure efficient integration of renewable generation is a significant challenge. This panel presentation reviews the state of play in the USA and Europe with regard to these issues and considers new developments in both regions.
Original languageEnglish
Title of host publication2014 IEEE PES General Meeting | Conference & Exposition
PublisherIEEE Institute of Electrical and Electronic Engineers
Pages1-5
ISBN (Electronic)978-1-4799-6415-4
DOIs
Publication statusPublished - 30 Nov 2014
MoE publication typeA4 Article in a conference publication
EventIEEE Power and Energy Society General Meeting 2014 - National Harbor, United States
Duration: 27 Jul 201431 Jul 2014
http://www.pes-gm.org/2014/ (The 2014 IEEE Power & Energy Society General Meeting)

Other

OtherIEEE Power and Energy Society General Meeting 2014
CountryUnited States
CityNational Harbor
Period27/07/1431/07/14
Internet address

Keywords

  • capacity
  • flexibility
  • power markets
  • wind energy

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    Milligan, M. R., Holttinen, H., Kiviluoma, J., Orths, A. G., Lynch, M. Á., & Söder, L. H. (2014). Market designs for high levels of variable generation. In 2014 IEEE PES General Meeting | Conference & Exposition (pp. 1-5). IEEE Institute of Electrical and Electronic Engineers. https://doi.org/10.1109/PESGM.2014.6939455