Market Designs for High Levels of Variable Generation: Preprint

Michael Milligan, Hannele Holttinen, Juha Kiviluoma, Antje Orths, Muireann Lynch, Lennart Söder

Research output: Contribution to conferencePaper


Variable renewable generation is increasing in penetration in modern power systems, leading to higher variability in the supply and price of electricity as well as lower average spot prices. This raises new challenges, particularly in ensuring sufficient capacity and flexibility from conventional technologies. Because the fixed costs and lifetimes of electricity generation investments aresignificant, designing markets and regulations that ensure the efficient integration of renewable generation is a significant challenge. This papers reviews the state of play of market designs for high levels of variable generation in the United States and Europe and considers new developments in both regions.
Original languageAmerican English
Number of pages8
StatePublished - 2014
EventIEEE Power and Energy Society General Meeting - National Harbor, Maryland
Duration: 27 Jul 201431 Jul 2014


ConferenceIEEE Power and Energy Society General Meeting
CityNational Harbor, Maryland

NREL Publication Number

  • NREL/CP-5D00-62280


  • adequacy
  • capacity
  • National Renewable Energy Laboratory (NREL)
  • NREL
  • power markets
  • wind energy


Dive into the research topics of 'Market Designs for High Levels of Variable Generation: Preprint'. Together they form a unique fingerprint.

Cite this