IEEE Power & Energy Magazine - November/December 2019 - 58

Future Electricity
Markets
Designing for
Massive Amounts
of Zero-VariableCost Renewable
Resources

T

THE INCREASE IN VARIABLE
r e n ewa ble e n e r g y ( V R E ) on
the bulk power system can create
both challenges and opportunities,
as described throughout this issue
of IEEE Power & Energy Magazine. Many regions across the world
are starting to approach penetration
percentages that were unprecedented
during the initial introduction of organized wholesale electricity markets.
We have seen that market operators,
market participants, and regulators have
been up to the task. They have prioritized,
designed, and implemented market-design
changes to accommodate the variability, uncertainty, near-zero-cost, and emissions-free attributes
of these resources. The challenge is to ensure that electricity is provided reliably and economically, with compatible incentives to compensate the parties that contribute to doing
so. Around the world, markets are experiencing increasing levels
of renewables, and ongoing design enhancements are being discussed.
Market operators can borrow design characteristics from each other and learn
which designs may or may not work. However, as an industry, we are starting to look

©ISTOCKPHOTOTO.COM/SORBETTO

Digital Object Identifier 10.1109/MPE.2019.2933281
Date of current version: 18 October 2019

58

ieee power & energy magazine

1540-7977/19©2019IEEE

november/december 2019



IEEE Power & Energy Magazine - November/December 2019

Table of Contents for the Digital Edition of IEEE Power & Energy Magazine - November/December 2019

Contents
IEEE Power & Energy Magazine - November/December 2019 - Cover1
IEEE Power & Energy Magazine - November/December 2019 - Cover2
IEEE Power & Energy Magazine - November/December 2019 - Contents
IEEE Power & Energy Magazine - November/December 2019 - 2
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IEEE Power & Energy Magazine - November/December 2019 - Cover3
IEEE Power & Energy Magazine - November/December 2019 - Cover4
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