Integrating Variable Renewable Energy in Electric Power Markets. Best Practices from International Experience

By J. Cochran, L. Bird, J. Heeter, D. Arent. 2012

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Nuclear-renewable hybrid energy systems: Opportunities, interconnections, and needs (2014, background): “[5] argue that electric markets in their current form do not always assign appropriate value to plants which provide grid flexibility.”
Challenges and solution technologies for the integration of variable renewable energy sources—a review (2020, background): “The focus of these studies is typically either on the technological and operational side [40,44] or on regulatory and market issues [69,70].”
A review of pumped hydro energy storage development in significant international electricity markets (2016, background): “Cochran et al. (2012) [6] study the best practices for integrating variable renewable generation and concludes that while there is no one size fits all approach, market mechanisms that promote increased storage should be developed.”
Renewable Electricity Futures for the United States (2014, background): “[6] also describe several case studies of countries successfully managing high levels of variable renewable energy on their electric grids.”