The economic challenge with renewable energy

Many thanks to H2TechOnline for sharing ENODA's Ryan Williams, PhD research ‘The economic challenge with renewable energy’ in association with Imperial College London.

Balancing costs have dramatically risen in many markets due to the growing integration of intermittent renewable energy sources, combined with sharp price increases in high-load periods.

Professor Ryan Williams describes the economics behind electricity balancing costs and their relation to the increased uptake of unpredictable renewables, using an economic framework empirically verified by a panel dataset consisting of five European markets.

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Renewables for Hydrogen Generation—Williams (Imperial College London)