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Power Markets

As renewable energy enters the mainstream, it is having significant impacts on electricity markets that were designed for conventional power sources.  While the technical issues of integration -- the power flows -- are well understood, market issues -- the money flows -- are less so. The pace of adoption for wind and solar power will hinge on whether market design policies can be changed to welcome them and accommodate their rapid growth. 

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How big a problem is the curtailment of wind and solar power in the US?  So far it has happened only in isolated incidents, but it could spread as renewable energy grows. In modest amounts, curtailment could be a useful tool for integrating wind and solar, but only if policies are designed to make it a service -- instead of a penalty.  A new report from Power Markets in Electricity Journal explores the issue.  Read more...
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