Ancillary Services for Power Market Is Anticipated to Generate Significant Revenues by 2026
Electric utility companies and grid operators must be well equipped to compensate for loss of power supply as well as fluctuations in power demand. In recent years, even renewable power generation capacity has been added to the grid, which increases the variability of power. Renewable energy power output is irregular due to reasons such as lack of sunlight or unfavorable climate conditions. Supplementary resources are essential to address such irregularities in power generation and supply. To address these imbalances and...
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