Back to OurEnergyLibrary search




Let’s Get Organized! Long-Term Market Design For A High-Penetration Grid

Let’s Get Organized! Long-Term Market Design For A High-Penetration Grid

Full Title: Let’s Get Organized! Long-Term Market Design For A High-Penetration Grid
Author(s): Eric Gimon
Publisher(s): Energy Innovation
Publication Date: September 28, 2022
Full Text: Download Resource
Description (excerpt):

This paper describes how to support continued rapid investment in new clean energy resources and retirement of dirty energy resources even as the raw output from variable energy resources gets more and more out of sync with customer demand profiles. It lays out principles for an “electricity markets cascade” that efficiently recruits capital for electric sector investment to deliver on investor expectations of risk and return while meeting customer and policymaker expectations for a least-cost, clean, and reliable grid. It also proposes a new feature, Organized Long-Term Markets, as part of the standard design for restructured wholesale electricity markets.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of OurEnergyPolicy.org, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

Sign up for our Press Release Distribution List

    Your Name (required)

    Your Email (required)

    Please sign me up to receive press releases from OurEnergyPolicy.org.