Impact of variable renewable energy on US electricity markets

Author

Smith, J.C. ; Beuning, Stephen ; Durrwachter, Henry ; Ela, Erik ; Hawkins, David ; Kirby, Brendan ; Lasher, Warren ; Lowell, Jonathan ; Porter, Kevin ; Schuyler, Ken ; Sotkiewicz, Paul

Author_Institution

Utility Wind Integration Group, Reston, VA, USA

fYear

2010

fDate

25-29 July 2010

Firstpage

1

Lastpage

12

Abstract

This paper reviews the design and operation of a number of large, regional organized markets in the US, as well as the operation of stand-alone single balancing area bilateral markets, from the viewpoint of integrating large amounts of variable output renewable energy sources. Significant differences between the two types of markets are noted. In addition, a series of shortcomings of the first generation market designs are discussed, and some thoughts on the design changes required to enable greater participation of variable output generators in the market are provided.

Keywords

power markets; renewable energy sources; electricity markets; renewable energy source; stand alone single balancing area bilateral market; variable renewable energy; Ancillary service markets; bilateral markets; capacity markets; electricity markets; market design; market evolution; market operation; price responsive load markets; variable generation; wind generation;

fLanguage

English

Publisher

ieee

Conference_Titel

Power and Energy Society General Meeting, 2010 IEEE

Conference_Location

Minneapolis, MN

ISSN

1944-9925

Print_ISBN

978-1-4244-6549-1

Electronic_ISBN

1944-9925

Type

conf

DOI

10.1109/PES.2010.5589715

Filename

5589715