Research Priorities and Opportunities in United States Wholesale Electricity Markets

Yinong Sun; Bethany Frew; Todd Levin; Robin Hytowitz; Jonghwan Kwon; Andrew Mills; Qingyu Xu; Majid Heidarifar; Nikita Singhal; Phillip de Mello; Erik Ela; Audun Botterud; Zhi Zhou; Ben Hobbs; Cristina Crespo Montanes

doi:10.2172/1785331

Research Priorities and Opportunities in United States Wholesale Electricity Markets

Yinong Sun, Bethany Frew, Todd Levin, Robin Hytowitz, Jonghwan Kwon, Andrew Mills, Qingyu Xu, Majid Heidarifar, Nikita Singhal, Phillip de Mello, Erik Ela, Audun Botterud, Zhi Zhou, Ben Hobbs, Cristina Crespo Montanes

Research output: NREL › Technical Report

Abstract

The ongoing transformation of the power system presents numerous technical, economic, implementation, and policy challenges for power system operators. To help address these challenges, a collaboration between five research institutions has been established to provide technical assistance to the seven U.S. Independent System Operators (ISOs) and Regional Transmission Organizations (RTOs). The three-year project aims to leverage the advanced methods, tools, datasets and resources of the collaborators to provide robust analytical support to address high priority market challenges that will be faced in the 2-10 year time horizon. This report, which is the first product of this collaboration, details six high-level topic areas related to challenges associated with wholesale electricity market design.

Original language	American English
Number of pages	102
DOIs	https://doi.org/10.2172/1785331
State	Published - 2021

NREL Publication Number

NREL/TP-6A20-77521

Keywords

emerging technology
price formation
reliability services
research priority
resource adequacy
transmission expansion planning
transmission-distribution coordination
wholesale electricity market

Access to Document

10.2172/1785331

https://www.nrel.gov/docs/fy21osti/77521.pdf

Cite this

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title = "Research Priorities and Opportunities in United States Wholesale Electricity Markets",

abstract = "The ongoing transformation of the power system presents numerous technical, economic, implementation, and policy challenges for power system operators. To help address these challenges, a collaboration between five research institutions has been established to provide technical assistance to the seven U.S. Independent System Operators (ISOs) and Regional Transmission Organizations (RTOs). The three-year project aims to leverage the advanced methods, tools, datasets and resources of the collaborators to provide robust analytical support to address high priority market challenges that will be faced in the 2-10 year time horizon. This report, which is the first product of this collaboration, details six high-level topic areas related to challenges associated with wholesale electricity market design.",

keywords = "emerging technology, price formation, reliability services, research priority, resource adequacy, transmission expansion planning, transmission-distribution coordination, wholesale electricity market",

author = "Yinong Sun and Bethany Frew and Todd Levin and Robin Hytowitz and Jonghwan Kwon and Andrew Mills and Qingyu Xu and Majid Heidarifar and Nikita Singhal and {de Mello}, Phillip and Erik Ela and Audun Botterud and Zhi Zhou and Ben Hobbs and {Crespo Montanes}, Cristina",

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doi = "10.2172/1785331",

language = "American English",

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TY - GEN

T1 - Research Priorities and Opportunities in United States Wholesale Electricity Markets

AU - Sun, Yinong

AU - Frew, Bethany

AU - Levin, Todd

AU - Hytowitz, Robin

AU - Kwon, Jonghwan

AU - Mills, Andrew

AU - Xu, Qingyu

AU - Heidarifar, Majid

AU - Singhal, Nikita

AU - de Mello, Phillip

AU - Ela, Erik

AU - Botterud, Audun

AU - Zhou, Zhi

AU - Hobbs, Ben

AU - Crespo Montanes, Cristina

PY - 2021

Y1 - 2021

N2 - The ongoing transformation of the power system presents numerous technical, economic, implementation, and policy challenges for power system operators. To help address these challenges, a collaboration between five research institutions has been established to provide technical assistance to the seven U.S. Independent System Operators (ISOs) and Regional Transmission Organizations (RTOs). The three-year project aims to leverage the advanced methods, tools, datasets and resources of the collaborators to provide robust analytical support to address high priority market challenges that will be faced in the 2-10 year time horizon. This report, which is the first product of this collaboration, details six high-level topic areas related to challenges associated with wholesale electricity market design.

AB - The ongoing transformation of the power system presents numerous technical, economic, implementation, and policy challenges for power system operators. To help address these challenges, a collaboration between five research institutions has been established to provide technical assistance to the seven U.S. Independent System Operators (ISOs) and Regional Transmission Organizations (RTOs). The three-year project aims to leverage the advanced methods, tools, datasets and resources of the collaborators to provide robust analytical support to address high priority market challenges that will be faced in the 2-10 year time horizon. This report, which is the first product of this collaboration, details six high-level topic areas related to challenges associated with wholesale electricity market design.

KW - emerging technology

KW - price formation

KW - reliability services

KW - research priority

KW - resource adequacy

KW - transmission expansion planning

KW - transmission-distribution coordination

KW - wholesale electricity market

U2 - 10.2172/1785331

DO - 10.2172/1785331

M3 - Technical Report

ER -

Research Priorities and Opportunities in United States Wholesale Electricity Markets

Abstract

NREL Publication Number

Keywords

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