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A survey on electricity market design: Insights from theory and real-world implementations of capacity remuneration mechanisms

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In recent years, electricity markets have been characterized by a growing share of fluctuating renewable
energies, which has increased concerns about the security of electricity supply. As a consequence, existing
market designs are adapted, and new capacity remuneration mechanisms are introduced. However,
these mechanisms entail new challenges, and it is disputed whether they are indeed needed. In this article,
an overview of the current debate on the necessity of capacity remuneration mechanisms is provided.
Furthermore, initial experiences of real-world implementations are discussed, and common findings in the
literature, categorized by their economic implications, are derived. Finally, shortcomings in existing research
and open questions that need to be addressed in future works are pointed out.

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Ketersediaan

EJ2032

My Library

Tersedia

Informasi Detil

Judul Seri

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No. Panggil

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Penerbit

Elsevier Ltd. : ., 2019

Deskripsi Fisik

20 p.

Bahasa

English

ISBN/ISSN

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Klasifikasi

NONE

Tipe Isi

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Tipe Media

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Tipe Pembawa

online resource

Edisi

Energy Economics 80 (2019) 1059–1078

Subyek

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Info Detil Spesifik

Ejurnal

Pernyataan Tanggungjawab

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Versi lain/terkait

Lampiran Berkas

Komentar

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