Resource adequacy (RA) programs — from PJM’s Reliability Pricing Model to California’s Resource Adequacy Program — are facing pressure from multiple directions: load growth, changes in generation mix, emerging technologies, interdependencies with … [Read more...]
Market Design for Increasing Variable Resource Integration
Renewable resources that are variable will continue being deployed on the bulk power system and in wholesale markets. Between existing financial incentives (aka subsidies), enormous technological advances, cost reductions, state mandates, and … [Read more...]