Presentation Description: Growth in solar and wind generation has spurred interest in enabling these resources to provide a broader array of energy and reliability services, including ancillary services (AS). As rising solar and wind penetrations reduce the energy and capacity value of these resources, participation in AS markets may also provide an important, additional revenue source. Using historical and forecasted (2030) market price data, this paper examines the incremental value of AS market (regulation, operating reserves) participation by standalone and hybrid solar and wind facilities across ISO/RTO markets. The paper examines how future changes in market rules, market prices, and ISO/RTO operating practices could facilitate or hinder AS market participation by solar and wind resources in a future where variable renewable generation is a much larger share of the U.S. generation mix.
Learning Objectives:
Upon completion, participants will be able to better understand the potential value of enabling standalone and hybrid solar and wind generation to participate in ancillary services markets, and to think critically about the future challenges and opportunities to enabling solar and wind participation in these markets.
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