International experience with transformations in electricity markets: A Short Literature Review

This short review will provide an analysis of the key challenges faced by electricity markets and their participants in increasing the penetration of large scale renewables. This review will assess the key barriers purely from an economic perspective. The global of deployment of large scale renewable energy has yet to live up to its full potential and our experiences (Masini & Menichetti, 2012). However its future development is expected to have greater influence over electricity markets (Wüstenhagen & Menichetti, 2012).