Application of DERs in electricity market
Abstract
From the 1990s, deregulation and electric power market opening has been done in several regions all over the world. Competitive environment in the early days was unfit for DER which has a difficulty for forecasting output and high construct cost. Therefore, renewable portfolio standard (RPS) and feed in tariff (FIT) have been done as DER promoting policies. Currently, installed DER’s capacity is increased and construction cost is decreased compared to the 1990s. As a result, the promoting policy’s demerit, which ...
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