Coherency of the European resource adequacy framework

The European Union (EU)'s resource adequacy framework consists of the reliability standard calculation, adequacy assessments and capacity remuneration mechanisms, three pillars which should conspire to deliver a realised adequacy in liberalised markets which is close to that which would be delivered by a central planner minimising total system...

Off-shore Bidding Zones under Flow-Based Market Coupling

The market integration of hybrid off-shore projects, consisting of wind farms and transmission assets connecting different market zones, requires re-examining bidding zone definitions. Policy makers consider separate off-shore bidding zones to optimally integrate off-shore wind farms in power systems. In this paper, we apply Advanced Hybrid...