IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v35y2007i9p4545-4554.html
   My bibliography  Save this article

Enhancing power supply adequacy in Spain: Migrating from capacity payments to reliability options

Author

Listed:
  • Batlle, Carlos
  • Vazquez, Carlos
  • Rivier, Michel
  • Perez-Arriaga, Ignacio J.

Abstract

No abstract is available for this item.

Suggested Citation

  • Batlle, Carlos & Vazquez, Carlos & Rivier, Michel & Perez-Arriaga, Ignacio J., 2007. "Enhancing power supply adequacy in Spain: Migrating from capacity payments to reliability options," Energy Policy, Elsevier, vol. 35(9), pages 4545-4554, September.
    • Handle: RePEc:eee:enepol:v:35:y:2007:i:9:p:4545-4554
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301-4215(07)00146-2
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Vázquez, Carlos & Rivier, Michel & Pérez-Arriaga, Ignacio J., 2001. "If Pay-as-Bid Auctions Are Not a Solution for California, then Why Not a Reliability Market?," The Electricity Journal, Elsevier, vol. 14(4), pages 41-48, May.
    2. Ken Binmore & Paul Klemperer, 2002. "The Biggest Auction Ever: the Sale of the British 3G Telecom Licences," Economic Journal, Royal Economic Society, vol. 112(478), pages 74-96, March.
    3. Oren, Shmuel S., 2005. "Generation Adequacy via Call Options Obligations: Safe Passage to the Promised Land," The Electricity Journal, Elsevier, vol. 18(9), pages 28-42, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Girard, A. & Gago, E.J. & Ordoñez, J. & Muneer, T., 2016. "Spain's energy outlook: A review of PV potential and energy export," Renewable Energy, Elsevier, vol. 86(C), pages 703-715.
    2. Newbery, David, 2016. "Missing money and missing markets: Reliability, capacity auctions and interconnectors," Energy Policy, Elsevier, vol. 94(C), pages 401-410.
    3. Newbery, David, 2021. "National Energy and Climate Plans for the island of Ireland: wind curtailment, interconnectors and storage," Energy Policy, Elsevier, vol. 158(C).
    4. Wu, Kuei-Yen & Huang, Yun-Hsun & Wu, Jung-Hua, 2018. "Impact of electricity shortages during energy transitions in Taiwan," Energy, Elsevier, vol. 151(C), pages 622-632.
    5. David Newbery and Michael Grubb, 2015. "Security of Supply, the Role of Interconnectors and Option Values : insights from the GB Capacity Auction," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    6. Bianco, Vincenzo & Driha, Oana M. & Sevilla-Jiménez, Martín, 2019. "Effects of renewables deployment in the Spanish electricity generation sector," Utilities Policy, Elsevier, vol. 56(C), pages 72-81.
    7. Kathleen Spees & Samuel A. Newell & Johannes P. Pfeifenberger, 2013. "Capacity Markets - Lessons Learned from the First Decade," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    8. Nicolosi, Marco, 2011. "The impact of RES-E policy setting on integration effects - A detailed analysis of capacity expansion and dispatch results," MPRA Paper 31835, University Library of Munich, Germany.
    9. Brito-Pereira, Paulo & Rodilla, Pablo & Mastropietro, Paolo & Batlle, Carlos, 2022. "Self-fulfilling or self-destroying prophecy? The relevance of de-rating factors in modern capacity mechanisms," Applied Energy, Elsevier, vol. 314(C).
    10. Linares, Pedro & Rey, Luis, 2013. "The costs of electricity interruptions in Spain. Are we sending the right signals?," Energy Policy, Elsevier, vol. 61(C), pages 751-760.
    11. Rintamäki, Tuomas & Siddiqui, Afzal S. & Salo, Ahti, 2016. "How much is enough? Optimal support payments in a renewable-rich power system," Energy, Elsevier, vol. 117(P1), pages 300-313.
    12. Schwenen, Sebastian, 2014. "Market design and supply security in imperfect power markets," Energy Economics, Elsevier, vol. 43(C), pages 256-263.
    13. Kosai, Shoki & Unesaki, Hironobu, 2020. "Short-term vs long-term reliance: Development of a novel approach for diversity of fuels for electricity in energy security," Applied Energy, Elsevier, vol. 262(C).
    14. Roques, Fabien A., 2008. "Market design for generation adequacy: Healing causes rather than symptoms," Utilities Policy, Elsevier, vol. 16(3), pages 171-183, September.
    15. Dastan, Seyit Ali & Selcuk, Orhun, 2016. "Review of the security of supply in Turkish energy markets: Lessons from the winter shortages," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 958-971.
    16. Batlle, Carlos & Pérez-Arriaga, Ignacio J., 2008. "Design criteria for implementing a capacity mechanism in deregulated electricity markets," Utilities Policy, Elsevier, vol. 16(3), pages 184-193, September.
    17. Abadie, Luis Ma & Chamorro, José M., 2019. "Physical adequacy of a power generation system: The case of Spain in the long term," Energy, Elsevier, vol. 166(C), pages 637-652.
    18. David Newbery & Michael Grubb, 2014. "The Final Hurdle?: Security of supply, the Capacity Mechanism and the role of interconnectors," Working Papers EPRG 1412, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
    19. Mastropietro, Paolo & Fontini, Fulvio & Rodilla, Pablo & Batlle, Carlos, 2018. "The Italian capacity remuneration mechanism: Critical review and open questions," Energy Policy, Elsevier, vol. 123(C), pages 659-669.
    20. Bublitz, Andreas & Keles, Dogan & Zimmermann, Florian & Fraunholz, Christoph & Fichtner, Wolf, 2018. "A survey on electricity market design: Insights from theory and real-world implementations of capacity remuneration mechanisms," Working Paper Series in Production and Energy 27, Karlsruhe Institute of Technology (KIT), Institute for Industrial Production (IIP).
    21. López-Peña, Álvaro & Pérez-Arriaga, Ignacio & Linares, Pedro, 2012. "Renewables vs. energy efficiency: The cost of carbon emissions reduction in Spain," Energy Policy, Elsevier, vol. 50(C), pages 659-668.
    22. Batlle, C. & Rodilla, P., 2010. "A critical assessment of the different approaches aimed to secure electricity generation supply," Energy Policy, Elsevier, vol. 38(11), pages 7169-7179, November.
    23. Akhavein, A. & Fotuhi Firuzabad, M., 2011. "A heuristic-based approach for reliability importance assessment of energy producers," Energy Policy, Elsevier, vol. 39(3), pages 1562-1568, March.
    24. Bublitz, Andreas & Keles, Dogan & Zimmermann, Florian & Fraunholz, Christoph & Fichtner, Wolf, 2019. "A survey on electricity market design: Insights from theory and real-world implementations of capacity remuneration mechanisms," Energy Economics, Elsevier, vol. 80(C), pages 1059-1078.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Moore, J. & Woo, C.K. & Horii, B. & Price, S. & Olson, A., 2010. "Estimating the option value of a non-firm electricity tariff," Energy, Elsevier, vol. 35(4), pages 1609-1614.
    2. Yuya Wakabayashi & Ryosuke Sakai & Shigehiro Serizawa, 2022. "A Characterization of the Minimum Price Walrasian Rule with Reserve Prices for an Arbitrary Number of Agents and Objects," ISER Discussion Paper 1161, Institute of Social and Economic Research, Osaka University.
    3. Peter Cramton & Steven Stoft, 2006. "The Convergence of Market Designs for Adequate Generating Capacity," Papers of Peter Cramton 06mdfra, University of Maryland, Department of Economics - Peter Cramton, revised 2006.
    4. Scott Duke Kominers & Alexander Teytelboym & Vincent P Crawford, 2017. "An invitation to market design," Oxford Review of Economic Policy, Oxford University Press, vol. 33(4), pages 541-571.
    5. Ingebretsen Carlson, Jim, 2015. "An Approximate Auction," Working Papers 2015:19, Lund University, Department of Economics.
    6. Heo, Deung-Yong & Tesfatsion, Leigh, 2013. "Standardized Contracts with Swing for the Market-Supported Procurement of Energy and Reserve: Illustrative Examples," Staff General Research Papers Archive 36747, Iowa State University, Department of Economics.
    7. Peter Cramton & Axel Ockenfels, 2012. "Economics and Design of Capacity Markets for the Power Sector," Papers of Peter Cramton 12cocap, University of Maryland, Department of Economics - Peter Cramton, revised 2012.
    8. Klemperer, Paul, 2002. "Some Observations on the British and German 3G Telecom Auctions," CEPR Discussion Papers 3605, C.E.P.R. Discussion Papers.
    9. Janssen, Maarten C.W. & Karamychev, Vladimir A. & Maasland, Emiel, 2011. "Auctions with flexible entry fees: A note," Games and Economic Behavior, Elsevier, vol. 72(2), pages 594-601, June.
    10. Kim, Hyunsook & Kim, Sung-Soo, 2012. "The resource adequacy scheme in the Korean electricity market," Energy Policy, Elsevier, vol. 47(C), pages 133-144.
    11. Hernando-Veciana, Angel & Michelucci, Fabio, 2018. "Inefficient rushes in auctions," Theoretical Economics, Econometric Society, vol. 13(1), January.
    12. Steggals, Will & Gross, Robert & Heptonstall, Philip, 2011. "Winds of change: How high wind penetrations will affect investment incentives in the GB electricity sector," Energy Policy, Elsevier, vol. 39(3), pages 1389-1396, March.
    13. Koessler, Frédéric & Lambert-Mogiliansky, Ariane, 2013. "Committing to transparency to resist corruption," Journal of Development Economics, Elsevier, vol. 100(1), pages 117-126.
    14. Philippe Jehiel & Laurent Lamy, 2020. "On the Benefits of Set-Asides," Journal of the European Economic Association, European Economic Association, vol. 18(4), pages 1655-1696.
    15. Last Name, First Name, 2009. "Distributional Impacts of Carbon Pricing Policies in the Electricity Sector," RFF Working Paper Series dp-09-43, Resources for the Future.
    16. Peter M. DeMarzo & Ilan Kremer & Andrzej Skrzypacz, 2005. "Bidding with Securities: Auctions and Security Design," American Economic Review, American Economic Association, vol. 95(4), pages 936-959, September.
    17. Battal Dou{g}an & Kenzo Imamura & M. Bumin Yenmez, 2022. "Market Design with Deferred Acceptance: A Recipe for Policymaking," Papers 2209.06777, arXiv.org.
    18. Dallas Burtraw & Samantha Sekar, 2014. "Two world views on carbon revenues," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 4(1), pages 110-120, March.
    19. Ganuza, Juan José & Viecens, María Fernanda, 2011. "Deployment of high-speed broadband infrastructures during the economic crisis. The case of Xarxa Oberta," Telecommunications Policy, Elsevier, vol. 35(9), pages 857-870.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:35:y:2007:i:9:p:4545-4554. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.