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Design criteria for implementing a capacity mechanism in deregulated electricity markets

✍ Scribed by Carlos Batlle; Ignacio J. Pérez-Arriaga


Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
215 KB
Volume
16
Category
Article
ISSN
0957-1787

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✦ Synopsis


Over twenty years since electricity industry deregulation was first implemented, and nearly ten since many power systems boarded the liberalization train, reliability of supply appears to be the major concern of energy regulators. Drawing from the cumulative experience of systems that have already implemented some manner of security of supply mechanism, the present article reviews the main criteria to be taken into consideration in the design of a regulatory mechanism of this nature.