The power system is currently undergoing a number of changes, including a rapidly evolving resource mix, growth of distributed energy resources, more active consumer participation, increased deployment of energy storage and hybrid resources, and more advanced communication and control requirements. These changes in the power system present numerous technical, economic, implementation, and policy challenges and research opportunities for power system operators. To help address these challenges, five research institutions—Argonne National Laboratory, the National Renewable Energy Laboratory, Lawrence Berkeley National Laboratory, the Electric Power Research Institute, and Johns Hopkins University—established a collaboration to provide technical assistance to the seven U.S. Independent System Operators (ISOs) and Regional Transmission Organizations (RTOs). The 3-year project under DOE’s Grid Modernization Initiative will leverage tools and resources to provide analysis addressing high-priority market challenges over the next 2–10 years.
The project team recently released its first report, Research Priorities and Opportunities in United States Competitive Wholesale Electricity Markets. The report details six high-level topic areas related to challenges in wholesale electricity market design. The report establishes a broad research agenda by identifying gaps and research priorities.