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dc.contributor.authorBHAGWAT, Pradyumna
dc.contributor.authorRICHSTEIN, Jörn C.
dc.contributor.authorCHAPPIN, Emile J. L.
dc.contributor.authorIYCHETTIRA, Kaveri K.
dc.contributor.authorDE VRIES, Laurens J.
dc.date.accessioned2017-04-05T12:34:33Z
dc.date.available2017-04-05T12:34:33Z
dc.date.issued2017
dc.identifier.citationUtilities policy, 2017, Vol. 46, pp. 33-47en
dc.identifier.issn0957-1787
dc.identifier.urihttps://hdl.handle.net/1814/46004
dc.descriptionAvailable online 31 March 2017. Open Access funded by VSNU (Association of universities in the Netherlands). Under a Creative Commons license 4.0 Internationalen
dc.description.abstractThe cross-border effects of a capacity market and a strategic reserve in interconnected electricity markets are modeled using an agent-based modeling methodology. Both capacity mechanisms improve the security of supply and reduce consumer costs. Our results indicate that interconnections do not affect the effectiveness of a capacity market, while a strategic reserve is affected negatively. The neighboring zone may free ride on the security of supply provided by the zone implementing a capacity mechanism. However, a capacity market causes crowding out of generators in the energy-only zone. A strategic reserve implemented by this region could aid in mitigating this risk.en
dc.language.isoenen
dc.publisherElsevieren
dc.relation.ispartofUtilities policyen
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.titleCross-border effects of capacity mechanisms in interconnected power systemsen
dc.typeArticleen
dc.identifier.doi10.1016/j.jup.2017.03.005
dc.identifier.volume46
dc.identifier.startpage33
dc.identifier.endpage47
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