Market designs for high levels of variable generation

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

doi:10.1109/PESGM.2014.6939455

Market designs for high levels of variable generation

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

DOES - Design and Operation of Energy Systems

National Renewable Energy Laboratory (NREL)
Energinet
University College Dublin
KTH Royal Institute of Technology

Research output: Chapter in Book/Report/Conference proceeding › Conference article in proceedings › Scientific › peer-review

5 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 language	English
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	https://doi.org/10.1109/PESGM.2014.6939455
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
Country/Territory	United States
City	National Harbor
Period	27/07/14 → 31/07/14
Internet address	http://www.pes-gm.org/2014/ (The 2014 IEEE Power & Energy Society General Meeting)

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Keywords

capacity
flexibility
power markets
wind energy

Access to Document

10.1109/PESGM.2014.6939455

Cite this

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title = "Market designs for high levels of variable generation",

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.",

keywords = "capacity, flexibility, power markets, wind energy",

author = "Milligan, \{Michael R.\} and Hannele Holttinen and Juha Kiviluoma and Orths, \{Antje G.\} and Lynch, \{Muireann {\'A}\} and S{\"o}der, \{Lennart H.\}",

year = "2014",

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day = "30",

doi = "10.1109/PESGM.2014.6939455",

language = "English",

pages = "1--5",

booktitle = "2014 IEEE PES General Meeting | Conference \& Exposition",

publisher = "IEEE Institute of Electrical and Electronic Engineers",

address = "United States",

note = "IEEE Power and Energy Society General Meeting 2014 ; Conference date: 27-07-2014 Through 31-07-2014",

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}

Milligan, MR, Holttinen, H, Kiviluoma, J, Orths, AG, Lynch, MÁ & Söder, LH 2014, Market designs for high levels of variable generation. in 2014 IEEE PES General Meeting | Conference & Exposition. IEEE Institute of Electrical and Electronic Engineers, pp. 1-5, IEEE Power and Energy Society General Meeting 2014, National Harbor, Maryland, United States, 27/07/14. https://doi.org/10.1109/PESGM.2014.6939455

Market designs for high levels of variable generation. / Milligan, Michael R.; Holttinen, Hannele; Kiviluoma, Juha et al.
2014 IEEE PES General Meeting | Conference & Exposition. IEEE Institute of Electrical and Electronic Engineers, 2014. p. 1-5.

Research output: Chapter in Book/Report/Conference proceeding › Conference article in proceedings › Scientific › peer-review

TY - GEN

T1 - Market designs for high levels of variable generation

AU - Milligan, Michael R.

AU - Holttinen, Hannele

AU - Kiviluoma, Juha

AU - Orths, Antje G.

AU - Lynch, Muireann Á

AU - Söder, Lennart H.

PY - 2014/11/30

Y1 - 2014/11/30

N2 - 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.

AB - 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.

KW - capacity

KW - flexibility

KW - power markets

KW - wind energy

U2 - 10.1109/PESGM.2014.6939455

DO - 10.1109/PESGM.2014.6939455

M3 - Conference article in proceedings

SP - 1

EP - 5

BT - 2014 IEEE PES General Meeting | Conference & Exposition

PB - IEEE Institute of Electrical and Electronic Engineers

T2 - IEEE Power and Energy Society General Meeting 2014

Y2 - 27 July 2014 through 31 July 2014

ER -

Market designs for high levels of variable generation

Abstract

Other

UN SDGs

Keywords

Access to Document

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