Tag Archives: electricity markets

Electricity auctions: Why didn’t I think of that?

Congratulations to Stanford Professors Robert Wilson and Paul Milgrom, who have been awarded the The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2020 “for improvements to auction theory and inventions of new auction formats.” Their work has led … Continue reading

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Is demand-side the way to go?

Because wind and solar production depends on weather conditions, it is subject to the variability and intermittency of weather. The challenge of renewable integration is to cope with the resulting variability of the “net load,” or total load minus intermittent renewable production. (Click … Continue reading

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Comparing the US and EU electricity markets

Electricity markets have been restructured in many countries around the globe. There is a variety of different designs, and the differences can significantly affect our ability to handle new challenges, such as integrating high levels of renewables. What are the … Continue reading

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ERCOT: meeting the challenges of wind integration

Texas has, by far, the highest penetration of wind among the three main US interconnections (Eastern, Western, and Texas), and the Electric Reliability Council of Texas (ERCOT) has met the challenges of wind integration. ERCOT is set to get even … Continue reading

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