Forecasting and Market Design Advances: Supporting an Increasing Share of Renewable Energy

Jack Fox; Erik Ela; Ben Hobbs; Justin Sharp; Josh Novacheck; Amber Motley; Ricardo Bessa; Pierre Pinson; Georges Kariniotakis

doi:10.1109/MPE.2021.3104132

Forecasting and Market Design Advances: Supporting an Increasing Share of Renewable Energy

Jack Fox
, Erik Ela
, Ben Hobbs
, Justin Sharp
, Josh Novacheck
, Amber Motley
, Ricardo Bessa
, Pierre Pinson
, Georges Kariniotakis

Grid Planning and Analysis Center

Australian Energy Market Operator
Electric Power Research Institute
Johns Hopkins University
Sharply Focused
California Independent System Operator
Institute for Systems & Computer Engineering, Technology & Science
Technical University of Denmark
Mines ParisTech

Research output: Contribution to journal › Article

5 Scopus Citations

Abstract

Electricity systems around the world are decarbonizing, driven by reductions in the cost of renewable energy and encouraged by supportive regulatory policy. Electricity market designs are increasingly being tested to ensure that the bulk power system can deliver reliable, cost-effective energy to all consumers.

Original language	American English
Pages (from-to)	77-85
Number of pages	9
Journal	IEEE Power and Energy Magazine
Volume	19
Issue number	6
DOIs	https://doi.org/10.1109/MPE.2021.3104132
State	Published - 2021

NLR Publication Number

NREL/JA-6A40-81590

Keywords

costs
electricity supply industry
forecasting
power system economics
power system reliability
reliability engineering
renewable energy sources

Access to Document

10.1109/MPE.2021.3104132

Cite this

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title = "Forecasting and Market Design Advances: Supporting an Increasing Share of Renewable Energy",

abstract = "Electricity systems around the world are decarbonizing, driven by reductions in the cost of renewable energy and encouraged by supportive regulatory policy. Electricity market designs are increasingly being tested to ensure that the bulk power system can deliver reliable, cost-effective energy to all consumers.",

keywords = "costs, electricity supply industry, forecasting, power system economics, power system reliability, reliability engineering, renewable energy sources",

author = "Jack Fox and Erik Ela and Ben Hobbs and Justin Sharp and Josh Novacheck and Amber Motley and Ricardo Bessa and Pierre Pinson and Georges Kariniotakis",

year = "2021",

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AU - Fox, Jack

AU - Ela, Erik

AU - Hobbs, Ben

AU - Sharp, Justin

AU - Novacheck, Josh

AU - Motley, Amber

AU - Bessa, Ricardo

AU - Pinson, Pierre

AU - Kariniotakis, Georges

PY - 2021

Y1 - 2021

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AB - Electricity systems around the world are decarbonizing, driven by reductions in the cost of renewable energy and encouraged by supportive regulatory policy. Electricity market designs are increasingly being tested to ensure that the bulk power system can deliver reliable, cost-effective energy to all consumers.

KW - costs

KW - electricity supply industry

KW - forecasting

KW - power system economics

KW - power system reliability

KW - reliability engineering

KW - renewable energy sources

U2 - 10.1109/MPE.2021.3104132

DO - 10.1109/MPE.2021.3104132

M3 - Article

SN - 1540-7977

VL - 19

SP - 77

EP - 85

JO - IEEE Power and Energy Magazine

JF - IEEE Power and Energy Magazine

IS - 6

ER -

Forecasting and Market Design Advances: Supporting an Increasing Share of Renewable Energy

Abstract

NLR Publication Number

Keywords

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