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dc.contributor.authorHENRIOT, Arthur
dc.contributor.authorGLACHANT, Jean-Michel 
dc.date.accessioned2014-09-08T13:06:04Z
dc.date.available2014-09-08T13:06:04Z
dc.date.issued2014
dc.identifier.issn1028-3625
dc.identifier.urihttp://hdl.handle.net/1814/32456
dc.description.abstractThis article addresses the functioning of capacity remuneration mechanisms (CRMs) in an integrated European electricity market featuring a high share of intermittent renewable energy sources. We first highlight the close ties between flexibility provision and generation adequacy, and explain why these two issues must be considered concomitantly when developing CRMs. We then show that while Member States have different needs, addressing security of supply in a purely national way will be expensive. We finally identify three prerequisites for a workable Europeanization of national generation adequacy mechanisms: a consistent assessment of adequacy needs and cross-border resources, a dedicated method to allocate risks and remuneration of cross-border resources contribution, and a definition of rights over the system resources at times of extreme scarcity.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesEUI RSCASen
dc.relation.ispartofseries2014/84en
dc.relation.ispartofseriesFlorence School of Regulation
dc.relation.hasversionhttp://hdl.handle.net/1814/32735
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectCapacity remuneration mechanismsen
dc.subjectSecurity of supplyen
dc.subjectFlexibilityen
dc.subjectIntegrated energy marketen
dc.titleCapacity remuneration mechanisms in the European market : now but how?en
dc.typeWorking Paperen
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