Add to ORKGCapacity remuneration mechanisms exist in many electricity markets. Capacity mechanism designs do not explicitly consider the effects of refurbishment of existing generation units in order to increase their reliability. This paper presents a mixed complementarity problem with endogenous probabilities to examine the impact of refurbishment on electricity prices and generation investment. Capacity payments are found to increase reliability when refurbishment is not possible, while capacity payments and reliability options yield similar results when refurbishment is possible. Final costs to consumers are similar under the two mechanisms with the exception of the initial case of overcapacity
This paper provides the first EU wide analysis of the variation in Capacity Remuneration Requirement...
In restructured electric power industries around the world, power pool designers have enabled genera...
Increased shares of Renewable Energy Sources (RES) to fulfill ambitious European policy targets, mot...
Capacity remuneration mechanisms exist in many electricity markets. Capacity mechanism designs do no...
Capacity remuneration mechanisms exist in many electricity markets. Capacity mechanism designs do no...
Electricity markets are increasingly moving from a design wherein firms are compensated solely for t...
Following liberalization reforms, the ability of power markets to provide satisfactory incentives fo...
Striving for a more sustainable society is strongly dependent on the transition of the energy system...
Liberalised electricity markets often include a capacity remuneration mechanism to allow generation ...
In electricity markets around the world, the substantial increase of intermittent renewable electric...
Liberalised electricity markets often include a capacity remuneration mechanism to allow generation ...
Electrification by means of renewable energy sources in electricity production (RES-E) is a key stra...
Market designs in their current form are facing challenges triggered by the increase of injection fr...
Recently, few aspects of the debate surrounding energy have been as divisive as capacity markets. Af...
This article formally analyzes the various corrective mechanisms that have been proposed and impleme...
This paper provides the first EU wide analysis of the variation in Capacity Remuneration Requirement...
In restructured electric power industries around the world, power pool designers have enabled genera...
Increased shares of Renewable Energy Sources (RES) to fulfill ambitious European policy targets, mot...
Capacity remuneration mechanisms exist in many electricity markets. Capacity mechanism designs do no...
Capacity remuneration mechanisms exist in many electricity markets. Capacity mechanism designs do no...
Electricity markets are increasingly moving from a design wherein firms are compensated solely for t...
Following liberalization reforms, the ability of power markets to provide satisfactory incentives fo...
Striving for a more sustainable society is strongly dependent on the transition of the energy system...
Liberalised electricity markets often include a capacity remuneration mechanism to allow generation ...
In electricity markets around the world, the substantial increase of intermittent renewable electric...
Liberalised electricity markets often include a capacity remuneration mechanism to allow generation ...
Electrification by means of renewable energy sources in electricity production (RES-E) is a key stra...
Market designs in their current form are facing challenges triggered by the increase of injection fr...
Recently, few aspects of the debate surrounding energy have been as divisive as capacity markets. Af...
This article formally analyzes the various corrective mechanisms that have been proposed and impleme...
This paper provides the first EU wide analysis of the variation in Capacity Remuneration Requirement...
In restructured electric power industries around the world, power pool designers have enabled genera...
Increased shares of Renewable Energy Sources (RES) to fulfill ambitious European policy targets, mot...