dc.contributor.author | BHAGWAT, Pradyumna | |
dc.contributor.author | IYCHETTIRA, Kaveri K. | |
dc.contributor.author | RICHSTEIN, Jörn C. | |
dc.contributor.author | CHAPPIN, Emile J. L. | |
dc.contributor.author | DE VRIES, Laurens J. | |
dc.date.accessioned | 2017-09-25T12:48:29Z | |
dc.date.available | 2017-09-25T12:48:29Z | |
dc.date.issued | 2017 | |
dc.identifier.citation | Utilities policy, 2017, Vol. 48, pp. 76-91 | en |
dc.identifier.issn | 0957-1787 | |
dc.identifier.uri | https://hdl.handle.net/1814/48064 | |
dc.description | Available online 14 September 2017. Open Access funded by VSNU (Association of universities in the Netherlands). Under a Creative Commons license 4.0 International | en |
dc.description.abstract | The effectiveness of a capacity market is analyzed by simulating three conditions that may cause suboptimal investment in the electricity generation: imperfect information and uncertainty; declining demand shocks resulting in load loss; and a growing share of renewable energy sources in the generation portfolio. Implementation of a capacity market can improve supply adequacy and reduce consumer costs. It mainly leads to more investment in low-cost peak generation units. If the administratively determined reserve margin is high enough, the security of supply is not significantly affected by uncertainties or demand shocks. A capacity market is found to be more effective than a strategic reserve for ensuring reliability. | en |
dc.language.iso | en | en |
dc.publisher | Elsevier | en |
dc.relation.ispartof | Utilities policy | en |
dc.rights | info:eu-repo/semantics/openAccess | en |
dc.title | The effectiveness of capacity markets in the presence of a high portfolio share of renewable energy sources | en |
dc.type | Article | en |
dc.identifier.doi | 10.1016/j.jup.2017.09.003 | |
dc.identifier.volume | 48 | |
dc.identifier.startpage | 76 | |
dc.identifier.endpage | 91 | |
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