A Treatise on Impact of Renewables in the Power Market

This paper aims to provide a deep insight on the necessity of renewables in the power market. The paper contain excerpt from the latest IRENA, World Energy Council and Climate action summit report on statistic and cost of renewable energy in the last decade. This paper provides an insight on the research articles on how energy scenario has changed, the impact of the energy scenario on the market and the integration of renewables. Also, this paper discusses the recent articles on the uncertainty mitigation of renewables. This paper also gives challenges faces by researchers and that are needed to overcome. This paper provides a direction for research in power market and what factors are to be considered.