Full Title: How Wholesale Power Markets Work
Author(s): Bentham Paulos
Publisher(s): Clean Energy States Alliance, U.S. Climate Alliance
Publication Date: August 19, 2021
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The transition to a 100% clean electric supply will likely involve a very large amount of wind and solar power generation. These resources, with very low operating costs and variable output driven by natural forces, fit poorly in wholesale electricity markets premised on the marginal cost of production. In the first of a series of explainers on the impact of 100% clean power on wholesale markets, this white paper explores how power markets work today.