Generation adequacy and transmission interconnection in regional electricity markets

The Finnish power market: Are imports from Russia low-cost?

“…Regarding market integration, Cepeda et al (2009) illustrate how differences in generation adequacy policies may distort the normal functioning of the neighbouring market. Ochoa and van Ackere (2009) show how international exchange policies influence the long-term dynamics of the Swiss electricity market; further, Ochoa and van Ackere (2014a, 2014b) analyse the evolution of the interconnection between Colombia and Ecuador under market coupling, showing how different interconnection and capacity expansion policies impact the security of supply in these countries.…”

The integrated framework for analysis of electricity supply chain using an integrated SWOT-fuzzy TOPSIS methodology combined with AHP: The case of Turkey

“…There is also a considerable literature in coordination mechanisms for an electricity supply chain. Some topics covered are coordination of use of reserve capacities, coordination of adequacy policies and coordination of neighboring electricity transmission companies [43][44][45][46]. However, in this paper, coordination of all electricity, information and financial flows will be considered across the electricity supply chain for a synchronization of processes.…”

Optimal Allocation of Variable Renewable Energy Considering Contributions to Security of Supply

“…Hence, markets can benefit from these balancing effects via interconnections and cross-border cooperation. Envisaged reliability levels can thereby be reached at lower costs compared to reliability measures restricted to national borders (e.g., Cepeda et al (2009) and Hagspiel (2017)). Against this background, the following research question arises: What is the optimal mix and allocation of VRE capacity in order to benefit from balancing effects both in generation and contribution to security of supply to reach an envisaged reliability target?…”

“…Throughout this paper we will stick to the term capacity value. It is important not to confuse a technology s capacity value with its capacity factor describing its yearly average capacity utilization.2 See IRENA (2017) for an overview of empirical studies showing this decreasing return to scale effect.3 See e.g Cepeda et al (2009). and Hobbs and Bothwell (2017) for a discussion.…”