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Capacity market design options: A dynamic capacity investment model and a GB case study

Listed author(s):
  • Hach, Daniel
  • Chyong, Chi Kong
  • Spinler, Stefan

Rising feed-in from renewable energy sources decreases margins, load factors, and thereby profitability of conventional generation in several electricity markets around the world. At the same time, conventional generation is still needed to ensure security of electricity supply. Therefore, capacity markets are currently being widely discussed as a measure to ensure generation adequacy in markets such as France, Germany, and the United States (e.g., Texas), or even implemented for example in Great Britain.

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File URL: http://www.sciencedirect.com/science/article/pii/S0377221715007894
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Article provided by Elsevier in its journal European Journal of Operational Research.

Volume (Year): 249 (2016)
Issue (Month): 2 ()
Pages: 691-705

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Handle: RePEc:eee:ejores:v:249:y:2016:i:2:p:691-705
DOI: 10.1016/j.ejor.2015.08.034
Contact details of provider: Web page: http://www.elsevier.com/locate/eor

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