This paper argues that a variety of imperfections in wholesale βenergy-onlyβ 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
Capacity mechanisms in imperfect electricity markets
β Scribed by Dominique Finon; Virginie Pignon
- Publisher
- Elsevier Science
- Year
- 2008
- Tongue
- English
- Weight
- 80 KB
- Volume
- 16
- Category
- Article
- ISSN
- 0957-1787
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