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Adapting Electricity Markets for Intermittent Energy Resources

Explore the restructuring of electricity markets to accommodate intermittent energy resources, such as renewables. Learn about the challenges, uncertainties, and strategies to create a new value chain and ensure price parity and certainty.

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Adapting Electricity Markets for Intermittent Energy Resources

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  1. Intermittent Energy Resources for Electricity Markets Federico S. Fische 30th USAEE/IAEE North America Conference - October 2011

  2. The Old Model • Vertically Integrated Monopoly • Central Infrastructure Planning • Government Price Policy

  3. Restructured Model • Oligopolistic Franchises • Infrastructure Planning “by Contract” • Regulated Price

  4. Current Value Chain

  5. Value Chain Characteristics • Regulatory framework • Infrastructure development tailored to resources and profitable market segments • Self-serving price mechanism, at first • Fight/Adapt to Regulated Price, later • Consumer = Meter Count

  6. Three Pillars of the Perfect Market • Regulation • Infrastructure • Certainty

  7. The Intermittent issue – Adapt or else • Capital Investment Needs • Availability and Dispatch effectiveness • Price Parity and certainty

  8. Demystify Capital Uncertainties (2016)

  9. No all Renewables are created equal • Renewable Energy Technology Characterization (TR-109496, Dec 1997) shows that biomass, biofuels, modern hydro and geothermal source have similar availability and dispatch effectiveness (intermittency) than traditional resources, like nuclear and fossil fuels.

  10. The Real Challenge We should focus on how to adapt the system to the nature of power resources and changes in technology, doing the opposite is a virtually impossible.

  11. Framework for New Market Design

  12. New Value Chain

  13. Looking Forward The success of renewable and efficient energy requires a change in the energy market culture, an understanding of the new dynamics that renewables bring in the market, the adoption of multi-level solutions and strategies that are responsive to our energy challenges and the environmental impact of energy generation in our ecosystem

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