Power markets with high proportions of renewables will have very different physical and commercial characteristics from those of today. The value proposition for all generators in the longer term will become one centred on weather uncertainty.
Although there are early signs of an industry adapting to embrace these changes, the impact on the power markets and infrastructure is unknown, and development of suitable regulatory frameworks remains a considerable challenge.
As a leading market consultancy, Oxford-based Pöyry has been at the forefront of understanding these changes and advising a wide range of clients – policymakers, regulators, network companies, generators and suppliers.