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Electricity supply industry worldwide has been identified as a major source of greenhouse gas emissions. Consequently, many countries have started to implement emission trading schemes (ETS). Separate and evolving public policy debates are shaping Electricity Market, Carbon Market, and Renewable Market without attention to how each market affects the others, yet the markets have overlapping goals...
The California Independent System Operator (CAISO) successfully launched its new Market Redesign and Technology Upgrade (MRTU) on April 1st, 2009. The new design is based on Locational Marginal Prices (LMPs) with Day Ahead and Real Time submarkets. The energy market is supplemented with a Congestion Revenue Right (CRR) market. With the major redesign of the CAISO markets, the implementation has proved...
Wind energy is the fastest growing energy source in the world. However, due to the inherent issues of intermittency and remoteness the need to complement wind energy with storage is well-recognized. Pumped Hydro Electric Storage units are the established and most widely studied application. Other technologies like flow (ZnBr) and NaS batteries are emerging but are still not considered economically...
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