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

    3 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

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    Keywords

    • capacity
    • flexibility
    • power markets
    • wind energy

    Cite this

    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