Planning and Operations in Electricity Markets Under System Transformation
United States electricity markets, planning mechanisms, and operational procedures are currently evolving in concert with three key trends. First, a range of new resources—solar, wind, energy storage, hybrid co-located storage, and distributed energy—are coming online and require new solutions to ensure they are efficiently integrated into existing systems. Second, consumers now face more opportunities to participate in markets by providing demand response and engaging in two-way interactions with the grid. Third, there is an increasing need for enhanced coordination between generation and transmission planning as well as across transmission and distribution systems.