Adapting Market Design to High Shares of Variable Renewable Energy
Date Published: May 2017
Authors: International Renewable Energy Agency
The report provides recommendations on how to adapt electricity market design (wholesale & distributed) to high shares of variable renewable energy. The report recommends reinforcing the design of short-term markets, balancing markets, and long-term investment signals. The report also emphasizes the importance of decoupling distribution remuneration from the volume of energy distributed, calls for shifting the goal of regulation from investment adequacy alone to a broader set of performance indicators, and recommends distribution companies change to act as system operators.