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Designing electricity markets for a high penetration of variable renewables

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  • Jenny Riesz
  • Michael Milligan

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type="graphical" xml:id="wene137-abs-0002">

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  • Jenny Riesz & Michael Milligan, 2015. "Designing electricity markets for a high penetration of variable renewables," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 4(3), pages 279-289, May.
    • Handle: RePEc:bla:wireae:v:4:y:2015:i:3:p:279-289
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    References listed on IDEAS

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    5. Richard J. Green, 2008. "Electricity Wholesale Markets: Designs Now and in a Low-carbon Future," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 95-124.
    6. Kathleen Spees & Samuel A. Newell & Johannes P. Pfeifenberger, 2013. "Capacity Markets - Lessons Learned from the First Decade," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    7. Faruqui, Ahmad & Harris, Dan & Hledik, Ryan, 2010. "Unlocking the [euro]53 billion savings from smart meters in the EU: How increasing the adoption of dynamic tariffs could make or break the EU's smart grid investment," Energy Policy, Elsevier, vol. 38(10), pages 6222-6231, October.
    8. Tveten, Åsa Grytli & Bolkesjø, Torjus Folsland & Martinsen, Thomas & Hvarnes, Håvard, 2013. "Solar feed-in tariffs and the merit order effect: A study of the German electricity market," Energy Policy, Elsevier, vol. 61(C), pages 761-770.
    9. William W. Hogan, 2013. "Electricity Scarcity Pricing Through Operating Reserves," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    10. Forrest, Sam & MacGill, Iain, 2013. "Assessing the impact of wind generation on wholesale prices and generator dispatch in the Australian National Electricity Market," Energy Policy, Elsevier, vol. 59(C), pages 120-132.
    11. Sensfuß, Frank & Ragwitz, Mario & Genoese, Massimo, 2008. "The merit-order effect: A detailed analysis of the price effect of renewable electricity generation on spot market prices in Germany," Energy Policy, Elsevier, vol. 36(8), pages 3076-3084, August.
    12. Peter Cramton & Axel Ockenfels & Steven Stoft, 2013. "Capacity Market Fundamentals," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
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    Citations

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    Cited by:

    1. Heard, B.P. & Brook, B.W. & Wigley, T.M.L. & Bradshaw, C.J.A., 2017. "Burden of proof: A comprehensive review of the feasibility of 100% renewable-electricity systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 76(C), pages 1122-1133.
    2. Keck, Felix & Lenzen, Manfred & Vassallo, Anthony & Li, Mengyu, 2019. "The impact of battery energy storage for renewable energy power grids in Australia," Energy, Elsevier, vol. 173(C), pages 647-657.
    3. Erika Kaempf & Bernhard Ernst & Martin Braun, 2019. "Competitive cross‐voltage level procurement of reactive power considering reliable capacity from wind and photovoltaics," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 8(4), July.
    4. Vithayasrichareon, Peerapat & Riesz, Jenny & MacGill, Iain, 2017. "Operational flexibility of future generation portfolios with high renewables," Applied Energy, Elsevier, vol. 206(C), pages 32-41.
    5. Kara, Güray & Tomasgard, Asgeir & Farahmand, Hossein, 2022. "Characterizing flexibility in power markets and systems," Utilities Policy, Elsevier, vol. 75(C).
    6. Keck, Felix & Lenzen, Manfred, 2021. "Drivers and benefits of shared demand-side battery storage – an Australian case study," Energy Policy, Elsevier, vol. 149(C).
    7. Raimondi, Giulio & Spazzafumo, Giuseppe, 2023. "Exploring Renewable Energy Communities integration through a hydrogen Power-to-Power system in Italy," Renewable Energy, Elsevier, vol. 206(C), pages 710-721.
    8. Thomas Pownall & Iain Soutar & Catherine Mitchell, 2021. "Re-Designing GB’s Electricity Market Design: A Conceptual Framework Which Recognises the Value of Distributed Energy Resources," Energies, MDPI, vol. 14(4), pages 1-26, February.
    9. Howard, Bahareh Sara & Hamilton, Nicholas E. & Diesendorf, Mark & Wiedmann, Thomas, 2018. "Modeling the carbon budget of the Australian electricity sector's transition to renewable energy," Renewable Energy, Elsevier, vol. 125(C), pages 712-728.
    10. Oduro, Richard A. & Taylor, Peter G., 2023. "Future pathways for energy networks: A review of international experiences in high income countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 171(C).
    11. Salpakari, Jyri & Lund, Peter, 2016. "Optimal and rule-based control strategies for energy flexibility in buildings with PV," Applied Energy, Elsevier, vol. 161(C), pages 425-436.
    12. Guray Kara & Asgeir Tomasgard & Hossein Farahmand, 2021. "Characterization of flexible electricity in power and energy markets," Papers 2109.03000, arXiv.org.
    13. Märkle-Huß, Joscha & Feuerriegel, Stefan & Neumann, Dirk, 2018. "Contract durations in the electricity market: Causal impact of 15min trading on the EPEX SPOT market," Energy Economics, Elsevier, vol. 69(C), pages 367-378.
    14. D. Flynn & Z. Rather & A. Ardal & S. D'Arco & A.D. Hansen & N.A. Cutululis & P. Sorensen & A. Estanquiero & E. Gómez & N. Menemenlis & C. Smith & Ye Wang, 2017. "Technical impacts of high penetration levels of wind power on power system stability," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 6(2), March.
    15. Prakash, Abhijith & Bruce, Anna & MacGill, Iain, 2022. "Insights on designing effective and efficient frequency control arrangements from the Australian National Electricity Market," Renewable and Sustainable Energy Reviews, Elsevier, vol. 161(C).

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