Electricity and long-term capacity adequacy: The quest for regulatory mechanism compatible with electricity market

Finon, Dominique; Pignon, Virginie

doi:10.1016/j.jup.2008.01.002

Cited by 106 publications

(54 citation statements)

References 24 publications

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“…Con dinámica de sistemas se realizan abstracciones de eventos y entidades simples concentrándose en el análisis y evaluación de políticas frente a la ocurrencia de escenarios preestablecidos [20][21][22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39].…”

Section: Mecanismos De Integración De Fncerunclassified

“…Desde la oferta se tiene que los grandes agregados han presentado durante largos periodos de tiempo comportamientos que pueden aproximarse a funciones continuas simples, como son las variables población, cantidad de recursos, acumulación de capacidad y acumulación de capitales [22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39], las cuales son comunes en los mercados eléctricos como son, la capacidad de la generación y de la transmisión. Estas se acumulan en el tiempo y tiene flujos de entrada y salida con el ingreso de nuevos proyectos y la salida de capacidad por terminación de la vida útil, falla o falta de uso como consecuencia de ineficiencias técnicas y económicas.…”

Section: Mecanismos De Integración De Fncerunclassified

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Integración de fuentes no convencionales de energía renovable al mercado eléctrico y su impacto sobre el precio

2017

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ResumenLas fuentes no convencionales de energía renovable (FNCER) son fuentes de energía consideradas como una alternativa limpia para el suministro de electricidad frente a generación eléctrica a base de combustible fósiles. Además, su integración al sistema eléctrico permite reducir el nivel de concentración en el mercado y facilitar la participación de la demanda. En este artículo se presentan diferentes mecanismos de integración de estas fuentes en el mercado, y se analiza su efecto sobre el precio de la electricidad en Colombia a través de un modelo de simulación en dinámica de sistemas. Bajo las condiciones de simulación definidas, los resultados indican que una participación del 20 % de las FNCER en el cubrimiento de la demanda de forma distribuida genera una reducción del 22 % en el precio de la electricidad en el largo plazo.Palabras clave: FNCER; mecanismos de integración; mercados de electricidad; modelamiento de sistemas energéticos.

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Section: Mecanismos De Integración De Fncerunclassified

Integración de fuentes no convencionales de energía renovable al mercado eléctrico y su impacto sobre el precio

2017

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“…As no load representative will participate in the RM, the producers who have not concluded a Contract for their available capacity will not receive any payment 7 . 6 See also the Second Remark.…”

Section: Caomentioning

confidence: 99%

“…6 See also the Second Remark. 7 It should be noted that in order for the units participating in the RM to receive their payments there must also be at least one load representative participating in the RM. If this does not happen, the RM mechanism is not activated for that Reliability Year.…”

Section: Caomentioning

confidence: 99%

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The Greek Capacity Adequacy Mechanism: Design, incentives, strategic behavior and regulatory remedies

Sakellaris

2009

2009 6th International Conference on the European Energy Market

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Abstract-This paper describes and analyzes the Greek Capacity Market or, as named, the "Capacity Adequacy Mechanism". A detailed description of the recently established mechanism is given, whose design is a hybrid model combining elements from three different designs: the US Capacity Markets, the Capacity Payment Mechanisms and the Centralized Auctions for Capacity Contracts. Next, the goals of this design are explained. In the case of Greece the goals are not restricted just to the so-called "missing money" problem, therefore an analysis follows examining the incentives given to the market participants. The analysis shows the dependence of the mechanism on mainly two factors: the over/under-capacity of the market and the strategic behavior of the market participants, especially of the incumbent. In general, the Capacity Adequacy Mechanism is expected to operate quite satisfactory, giving the "right" incentives to the market participants. Some minor amendments to the rules are proposed, aiming to further increase its efficiency.

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A Unilateral Climate and Supply Market Model

Blume-Werry

Koller

Everts

2018

Understanding Risks and Uncertainties in Energy and Climate Policy

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In the midst of its respective energy transitions, the European power sector faces several challenges. Low levels of both European Union Emissions Trading Scheme (EU ETS) allowance prices and wholesale power prices fuelled concerns over drivers for decarbonisation and long-term generation adequacy. Whilst some countries have introduced capacity remuneration mechanisms to ensure generation adequacy, reforming the EU ETS has proven to be difficult. This paper proposes a unilateral approach by a state introducing a CO 2 levy that internalises and prices CO 2 at a national level. The suggested climate and supply market model thereby incentivises and rewards production from CO 2 -neutral sources during times when it does not cover the targeted share of production. Prior to describing the model in detail, this paper discusses the theoretical policy steering background and the problems associated with current energy policies. For a broader picture, other CO 2 taxation models are briefly presented. This is followed by a discussion on the legal aspects of the model, its compatibility with international as well as EU law. The model is explored further by using Switzerland as an example, showing that a crosssector carbon price can be implemented at acceptable costs for consumers. Last but not least, the paper examines varieties of the model and the adaption potential for European countries.239 240 E. Blume-Werry et al.

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Electricity and long-term capacity adequacy: The quest for regulatory mechanism compatible with electricity market

Cited by 106 publications

References 24 publications

Integración de fuentes no convencionales de energía renovable al mercado eléctrico y su impacto sobre el precio

Integración de fuentes no convencionales de energía renovable al mercado eléctrico y su impacto sobre el precio

The Greek Capacity Adequacy Mechanism: Design, incentives, strategic behavior and regulatory remedies

A Unilateral Climate and Supply Market Model

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