July 25, 2019 - 10:00am
The Energy Systems Integration Group (ESIG) is hosting a free webinar on July 25 that features research from Lawrence Berkeley National Laboratory. Specifically, Ryan Wiser will be presenting research on the impacts of variable renewable energy on wholesale power prices, with an emphasis on the implications of these price impacts for the grid-system value of wind and solar.
When: July 25, 2019, 1:00 – 2:00 pm, Eastern time.
For more details and to register for free, see: https://www.esig.energy/event/webinar-the-impacts-of-variable-renewable-energy-on-wholesale-power-prices-implications-for-the-merchant-market-value-of-wind-and-solar/
Abstract: As wind and solar deployment continues to grow in the United States, wholesale power prices will by necessity adjust to the new realities of weather- and location- dependent, low marginal-cost generation. Changes in the temporal and geographic patterns of prices, in particular, are expected. This talk will summarize recent research by Lawrence Berkeley National Laboratory that has assessed the past and possible future impacts of wind and solar on wholesale power prices, and how those changes in pricing patterns may uniquely affect the merchant grid-system ‘market value’ of variable-generation sources. Given the potential for ‘value deflation’ as the penetration of variable renewable energy increases, the talk will also highlight a variety of measures that might be taken to enhance the grid-system value of wind and solar. The presentation will end with a brief summary of possible future research directions.