August 3, 2018
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 consumer demand for lower or zero emitting resources, variable resources in the form of wind and solar are here to stay and will only become larger and larger players in wholesale power markets. Wholesale power markets will need to continue their evolution to accommodate variable renewable resources to ensure bulk power system reliability both in short term operations and long-term resource adequacy at the lowest possible cost. It would be easy to think that “reliability mandates” or “command and…
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