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Bhagwat, P.C. (author), Richstein, J.C. (author), Chappin, E.J.L. (author), Iychettira, K.K. (author), De Vries, Laurens (author)The cross-border effects of a capacity market and a strategic reserve in interconnected electricity markets are modeled using an agent-based modeling methodology. Both capacity mechanisms improve the security of supply and reduce consumer costs. Our results indicate that interconnections do not affect the effectiveness of a capacity market,...journal article 2017
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Bhagwat, P.C. (author), Richstein, J.C. (author), Chappin, E.J.L. (author), De Vries, Laurens (author)To ensure sufficient investment in electricity generation capacity, mechanisms such as strategic reserves are being considered or already implemented. We analyze the effectiveness of a strategic reserve in the presence of a growing portfolio share of renewable energy sources (RES) with EMLab-Generation, an agent-based electricity market model...journal article 2016