Title
Coherency of the European resource adequacy framework
Author
Gonzato, Sebastian (Katholieke Universiteit Leuven)
De Paepe, Michiel (Katholieke Universiteit Leuven)
Bruninx, K. (TU Delft Energie and Industrie) 
Delarue, Erik (Katholieke Universiteit Leuven)
Date
2023
Abstract
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 costs. However, this framework is vulnerable to inconsistencies in the parameters used in each of the three pillars, making the framework internally incoherent and potentially increases system costs. We illustrate and discuss how an inconsistent choice of storage operation can lead to a sub-optimal level of adequacy. However, a consistent storage operation challenges the stated purpose of adequacy assessments in the EU which is to predict adequacy resulting from market operations.
Subject
adequacy assessments
capacity remuneration mechanisms
electricity regulation
electricity storage
reliability standard
resource adequacy
To reference this document use:
http://resolver.tudelft.nl/uuid:078896fe-b9ae-4cce-a3c6-18365359236a
DOI
https://doi.org/10.1109/EEM58374.2023.10161837
Publisher
IEEE
Embargo date
2024-01-03
ISBN
9798350312584
Source
2023 19th International Conference on the European Energy Market, EEM 2023
Event
19th International Conference on the European Energy Market, EEM 2023, 2023-06-06 → 2023-06-08, Lappeenranta, Finland
Series
International Conference on the European Energy Market, EEM, 2165-4077, 2023-June
Bibliographical note
Green Open Access added to TU Delft Institutional Repository ‘You share, we take care!’ – Taverne project https://www.openaccess.nl/en/you-share-we-take-care Otherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public.
Part of collection
Institutional Repository
Document type
conference paper
Rights
© 2023 Sebastian Gonzato, Michiel De Paepe, K. Bruninx, Erik Delarue