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Evolution of Global Electricity Markets by Fereidoon P. Sioshansi

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Chapter 25

Market Design for the Integration of Variable Generation

Jenny Riesza, Joel Gilmoreb and Magnus Hindsbergerc,    aSenior Consultant, Energy Strategic Advisory, AECOM Australia, Sydney, Australia, bPrincipal, Renewable Energy and Climate Policy, ROAM Consulting, Brisbane, Australia, cSpecialist, Network Development, Australian Energy Market Operator (AEMO), Brisbane, Australia

1 Introduction

Investment in electricity generation around the world is increasingly moving toward new sources of renewable energy. Nonhydro renewable generation accounted for 44% of new generation capacity installed in 2011, with total investment in renewable energy rising to a record US$257 billion (Bloomberg, 2012). Wind and solar photovoltaics accounted for ...

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