|Title||The Evolution of the Market: Designing a Market for High Levels of Variable Generation|
|Publication Type||Journal Article|
|Year of Publication||2015|
|Authors||Mark Ahlstrom, Erik Ela, Jenny Riesz, Jonathan O'Sullivan, Benjamin F Hobbs, Mark O'Malley, Michael Milligan, Paul Sotkiewicz, Jim Caldwell|
|Journal||IEEE Power and Energy Magazine|
|Pagination||60 - 66|
Renewable energy was not the initial justification for electricity markets, but it is rapidly becoming a driver for new markets and market design changes. Starting in 1982 with market reforms in Chile, competition has been introduced into wholesale electricity markets around the world. This trend is likely to accelerate with countries such as China planning a major restructuring of power systems that could result in electricity markets.
|Short Title||IEEE Power and Energy Mag.|