Economics at your fingertips  

Market design options for electricity markets with high variable renewable generation

Muireann Lynch, Genaro Longoria and John Curtis

Utilities Policy, 2021, vol. 73, issue C

Abstract: Variable renewable electricity generation presents challenges for traditional power markets. The island of Ireland has high levels of renewable generation by international standards, with even higher levels envisaged, and so must address these challenges. Market design to accommodate a growing share of variable renewable generation is informed and constrained by EU policy, and progress to date has been mixed. A qualitative review finds that market redesign is advised to address price cannibalisation, reveal consumer preferences for security and protect vulnerable households. Options for market design are presented, and recommendations for short and medium-term policy action are made.

Keywords: Electricity; Renewables; Market design; Price cannibalisation (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1016/j.jup.2021.101312

Access Statistics for this article

Utilities Policy is currently edited by D. Smith

More articles in Utilities Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

Page updated 2023-05-18
Handle: RePEc:eee:juipol:v:73:y:2021:i:c:s0957178721001454