Integración de fuentes de energías renovables no convencionales y redes inteligentes en Estados Unidos: evidencia para PJM (Integration of Non-Conventional Renewable Energy Sources and Smart Grids in the United States: Evidence From PJM)

36 Pages Posted: 17 Apr 2020 Last revised: 6 May 2020

See all articles by Dalia Echeverri

Dalia Echeverri

Duke University

Manuel Correa

Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF), Students

John Garcia Rendon

Universidad EAFIT

CIEF Submitter

Universidad EAFIT; Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF); Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF), Students

Date Written: December 1, 2019

Abstract

Spanish Abstract: Algunos de los retos a los que se han enfrentado en los mercados Norteamericanos con la inclusión de fuentes de generación eléctrica eólica y solar consiste en la incertidumbre y la variabilidad que presentan estas fuentes y, por tanto, han evidenciado la necesidad de diferentes estrategias para aumentar la flexibilidad operacional de los sistemas. Además, con el fin de compensar los menores ingresos para los generadores, derivados de los menores precios de estas fuentes y para los distribuidores dada la mayor generación distribuida, han explorado la necesidad de pagos por capacidad u obligaciones de energía firme y los pagos por provisión de servicios auxiliares para garantizar la estabilidad dinámica de sistema, en el primer caso, y en el segundo, han explorado cómo garantizar la co-existencia de los sistemas de generación centralizada de gran escala con los sistemas distribuidos. Asimismo, en PJM la participación de los consumidores, por medio de la respuesta de la demanda, en el mercado de capacidad, quizás es uno de los más desarrollados a nivel mundial. Así el objetivo de este artículo es describir los cambios que se han dado en Estados Unidos específicamente en PJM para incentivar la generación renovable y la eficiencia energética, garantizando la confiabilidad del sistema.

English Abstract: Some of the challenges that have been faced in the North American markets with the inclusion of wind and solar power generation sources, consists in how to deal with the uncertainty and variability that these sources present; therefore, the need for different strategies to increase the operational flexibility of the systems has become evident. In addition, in order to compensate the lower revenues of generators, as a result of lower prices of these sources and for distributors given the increase in distributed generation, the regulator has explored, in the first case, the need for payments for capacity and payments for provision of ancillary services to guarantee the dynamic stability of the system; and, in the second case, the regulator has explored how to guarantee the coexistence of large-scale centralized generation systems with distributed systems. Likewise, in PJM the participation of consumers, through demand response, in the capacity market is perhaps one of the most developed worldwide. Thus, the objective of this paper is to describe the changes that have taken place in the United States, specifically in PJM to encourage renewable generation and energy efficiency, ensuring the reliability of the system.

Note: Downloadable document is in Spanish.

Keywords: U.S. electricity market; PJM; NCRE; Demand Response; Energy transition

JEL Classification: D47; L11; L51; L78

Suggested Citation

Echeverri, Dalia and Correa Giraldo, Manuel and Rendon, John Garcia and Submitter, Center for Research in Economics and Finance, Integración de fuentes de energías renovables no convencionales y redes inteligentes en Estados Unidos: evidencia para PJM (Integration of Non-Conventional Renewable Energy Sources and Smart Grids in the United States: Evidence From PJM) (December 1, 2019). Available at SSRN: https://ssrn.com/abstract=3524989 or http://dx.doi.org/10.2139/ssrn.3524989

Dalia Echeverri

Duke University ( email )

Box 90328
Durham, NC 27708-0328
United States

Manuel Correa Giraldo

Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF), Students ( email )

Carrera 49 No. 7 South - 50
Bogota
Colombia

John Garcia Rendon (Contact Author)

Universidad EAFIT

Carrera 49 N° 7 sur – 50
Bogotá, Antioquia 00000
Colombia

Center for Research in Economics and Finance Submitter

Universidad EAFIT ( email )

Carrera 49 N° 7 sur – 50
Medellín, Antioquia 00000
Colombia

Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF) ( email )

Carrera 49 No. 7 South - 50
Medellín
Colombia
+057 (4) 261 9500 Ext. 9532 (Phone)

HOME PAGE: http://www.eafit.edu.co/cief

Universidad EAFIT - School of Economics and Finance - Center for Research in Economic & Finance (CIEF), Students ( email )

Carrera 49 No. 7 South - 50
Bogota
Colombia

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