Text

Uncertainty in electricity markets from a semi-nonparametric approach

---

Deregulation in electricity markets has changed the conditions for maintaining long-term adequacy of
supply. Particularly in the last decade, security of supply has become a major issue for policymakers due
to a number of changes in technology, especially the introduction of renewables, where regulators have
introduced capacity mechanisms. In this paper, we focus on the use of two different capacity mechanisms:
procurement for long-term strategic reserves contracting, and centralized auctioning for capacity
contracts. We investigate the effect of uncertainty on the effectiveness of these two mechanisms in
maintaining a stable and sufficient supply of capacity. We use simulation to establish the behavior as the
level of uncertainty is increased. Our results suggest that a market's level of uncertainty plays an
important role in the effectiveness of these two interventions. The results raise questions about when it
is appropriate to introduce either of them.

---

Ketersediaan

EJ20175

My Library

Tersedia

Informasi Detil

Judul Seri

-

No. Panggil

-

Penerbit

Elsevier Ltd. : ., 2019

Deskripsi Fisik

12 p.

Bahasa

English

ISBN/ISSN

-

Klasifikasi

NONE

Tipe Isi

-

Tipe Media

-

Tipe Pembawa

online resource

Edisi

Energy Policy xxx (xxxx) xxx

Subyek

-

Info Detil Spesifik

Ejurnal

Pernyataan Tanggungjawab

-

Versi lain/terkait

Lampiran Berkas

Komentar

---

You must be logged in to post a comment