Renewable power generation supplies around 15% of the world’s electricity but has a much higher share in some regions. The two main technologies – wind and solar – have intermittent output and generate at very low marginal cost. These characteristics can present major challenges for electricity markets that were originally designed with fossil fuel units in mind.
In this course, we will review some relevant aspects of power market design, then introduce the main renewable energy technologies and their characteristics. You will learn about the impacts on energy markets of renewable energy sources, and also of the government financial incentive programs that often accompany them. You will explore how renewables have started to impact the main trading markets in Europe, North America and elsewhere in the world. The course finishes with a look at how growing renewables capacity can be better accommodated using both new technologies and market design changes.
By the end of this course, you will be able to:
Practice exercises and self-assessment quizzes are included to help reinforce key topics introduced throughout the course.
A comprehensive final test will be given at the end of the course.Register For This Course