TY - JOUR
T1 - Market design in an intermittent renewable future
T2 - cost recovery with zero-marginal-cost resources
AU - Wolak, Frank A.
N1 - Publisher Copyright:
© 2003-2012 IEEE.
PY - 2021/1
Y1 - 2021/1
N2 - The basic features of an efficient short-term wholesale market design do not necessarily need to change to accommodate a significantly larger share of zero-marginal-cost, intermittent renewable energy from wind and solar resources. A large share of controllable zero-marginal-cost generation does not create any additional market design challenge relative to a market with a large share of controllable positive marginal cost generation. Regardless of the technology, generation unit owners must recover their fixed costs from sales of energy, ancillary services, and long-term resource adequacy products.
AB - The basic features of an efficient short-term wholesale market design do not necessarily need to change to accommodate a significantly larger share of zero-marginal-cost, intermittent renewable energy from wind and solar resources. A large share of controllable zero-marginal-cost generation does not create any additional market design challenge relative to a market with a large share of controllable positive marginal cost generation. Regardless of the technology, generation unit owners must recover their fixed costs from sales of energy, ancillary services, and long-term resource adequacy products.
UR - http://www.scopus.com/inward/record.url?scp=85099379788&partnerID=8YFLogxK
U2 - 10.1109/MPE.2020.3033395
DO - 10.1109/MPE.2020.3033395
M3 - Article
AN - SCOPUS:85099379788
SN - 1540-7977
VL - 19
SP - 29
EP - 40
JO - IEEE Power and Energy Magazine
JF - IEEE Power and Energy Magazine
IS - 1
ER -
