operational flexibility

Implications of Growing Wind and Solar Penetration in RetailElectricity Markets with Gradual Demand Response

Time-of-use pricing in retail electricity markets implies that wholesale market scarcity becomes easily communicated to end consumers. Yet, it is not well-understood if and how the price formation process in retail electricity markets will help to reward the demand for operational flexibility due to growth in intermittent generation. To contribute to this discussion, this paper […]

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