Low-carbon technology calls for comprehensive electricity-market redesign
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The energy transition also calls for electricity-market redesign. Low-carbon technologies will fundamentally reshape the electricity sector. The electricity generation and demand will be significantly unpredictable and uncontrollable thus require for a more sophisticated system operation to guarantee the grid stability and reliability. The higher difficulty induced by the green-technology penetration expose the electricity-market to a higher market-failure risk. Thus, the future low-carbon electricity-market and associated regulation scheme require a comprehensive new design.
Keywordslow-carbon technology electricity-system operation market design
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