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This paper presents updated results from a Monte Carlo simulation method of operational needs created by variable generation renewables coupled with a Production Simulation methodology to assess whether the California ISO's existing generation fleet can provide the needed flexibility for ramping, load following and Regulation under a 20% Renewable Portfolio Standard. The production simulation methodology...
Market power in wholesale electricity markets is of paramount concern to energy market monitors and regulators worldwide. Transmission constraints can and often do create market power opportunities. Transmission constraints into a generation-constrained load pocket can result in limited competition for meeting demand in that region due to a high local ownership concentration of supply. In this circumstance,...
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