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 language | English |
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Title of host publication | 2014 IEEE PES General Meeting | Conference & Exposition |
Publisher | IEEE Institute of Electrical and Electronic Engineers |
Pages | 1-5 |
ISBN (Electronic) | 978-1-4799-6415-4 |
DOIs | |
Publication status | Published - 30 Nov 2014 |
MoE publication type | A4 Article in a conference publication |
Event | IEEE Power and Energy Society General Meeting 2014 - National Harbor, United States Duration: 27 Jul 2014 → 31 Jul 2014 http://www.pes-gm.org/2014/ (The 2014 IEEE Power & Energy Society General Meeting) |
Other
Other | IEEE Power and Energy Society General Meeting 2014 |
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Country/Territory | United States |
City | National Harbor |
Period | 27/07/14 → 31/07/14 |
Internet address |
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Keywords
- capacity
- flexibility
- power markets
- wind energy