Publisher's Synopsis
This report reviews the economics of electric grid operation and integration of renewables into the grid, highlighting the promising opportunities for emerging technologies and approaches that allow for smart markets and energy storage. The next section provides a discussion of the fundamental aspects of the operational and economic considerations inherent in the adoption of high levels of renewable electricity generation. Section 3 analyzes grid operation to demonstrate how renewables are currently being integrated into the grid and uncover some of the value streams that can support the broader deployment of smart markets and energy storage both now and in the future. Section 4 discusses the opportunities from emerging technologies and novel applications of storage and demand response to support the management of the future electric grid.
