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Capacity choices in liberalised electricity markets

✍ Scribed by Fidel Castro-Rodriguez; Pedro L. Marín; Georges Siotis


Book ID
108125846
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
183 KB
Volume
37
Category
Article
ISSN
0301-4215

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Capacity payments in imperfect electrici
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This paper argues that a variety of imperfections in wholesale “energy-only” electricity markets lead to generators earning net revenues that are inadequate to support investment in a least cost portfolio of generating capacity and to satisfy consumer preferences for reliability. Theoretical and num