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One Year of I-SEM: Preliminary Assessment of Capacity Mechanism Outcomes

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  • Filippo Del Grosso

    (Free University of Bolzano‐Bozen, Faculty of Economics and Management, Italy)

Abstract

The aim of this paper is to assess the outcomes of the Reliability Options scheme for Capacity Mechanism, as implemented in the Integrated Single Electricity Market in Ireland (I-SEM). This research leverages econometric and data handling techniques to provide evidence over the effectiveness of this scheme in terms of system reliability, as well as to help understanding the functioning and potential best practices for early adopters of a technically complex and sophisticated market solution and derive potential policy implications. The originality of this contribution is given by the regional focus, as well as the inclusion of the time dimension, by modelling three different datasets (Full, Ante I-SEM and Post I-SEM), and by adding specifications of fundamental variables related to the electricity system.

Suggested Citation

  • Filippo Del Grosso, 2020. "One Year of I-SEM: Preliminary Assessment of Capacity Mechanism Outcomes," BEMPS - Bozen Economics & Management Paper Series BEMPS73, Faculty of Economics and Management at the Free University of Bozen.
    • Handle: RePEc:bzn:wpaper:bemps73
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    More about this item

    Keywords

    Electricity Market; Electricity Regulation; Capacity Mechanism; Capacity Payment; Reliability Options;
    All these keywords.

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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