A method to properly value solar and wind resources in wholesale capacity markets across North America
- Jan 24, 2019 1:44 pm GMT
Today’s wholesale capacity markets treat all capacity equally with one overall objective, to acquire enough electric generating capacity to meet reliability requirements at the lowest consumer cost. ISO New England’s CEO, Gordon van Welie clearly stated the problem with today’s market systems in a and others, have initiated environmental programs to reduce green house gases and achieve renewable energy targets. However, current capacity markets are not designed to properly value capacity based on other characteristics such as environmental impacts on CO2, SOx, NOx, fly ash, etc. , “The existing market has one objective, which is to provide reliable electricity at the least possible cost, that’s all this market does. It doesn't incorporate an environmental objective”. Several states, ie. New York, Massachusetts,
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