Abstract
The increasing shares of renewable energy in power systems have a significant impact on the operation of electricity markets and grids worldwide. This paper provides an overview of the main challenges that high shares of renewable generation introduce in the power system management and electricity markets operation as well as a brief description of potential solutions for alleviating the negative implications caused by the large-scale renewable integration. Additionally, a summary of the core research activity that has been performed in the context of a relevant academic research project, called “Large-Scale Renewable Integration in Electricity Markets”, (acronym, “LaRInEM”) is presented and valuable conclusions regarding the efficient integration of large amounts of renewable energy in electricity markets are drawn.
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