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2014 IEEE PES General Meeting | Conference & Exposition
Variable renewable generation is increasing in penetration in modern power systems, leading to higher variability in the supply and price of electricity as well as lower average spot prices. This raises new challenges, particularly in ensuring sufficient capacity and flexibility from conventional technologies. Because the fixed costs and lifetimes of electricity generation investments are significant, designing markets and regulations that ensure the efficient integration of renewabledoi:10.1109/pesgm.2014.6939455 fatcat:3pce5oqnabcurhilhlylen6wlu