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Bhagwat, P.C. (author), Richstein, J.C. (author), Chappin, E.J.L. (author), de Vries, L.J. (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
document
Bhagwat, P.C. (author), Marcheselli, A. (author), Richstein, J.C. (author), Chappin, E.J.L. (author), de Vries, L.J. (author)
We analyze the effectiveness of a forward capacity market (FCM) with long-term contracts in an electricity market in the presence of a growing share of renewable energy. An agent-based model is used for this analysis. Capacity markets can compensate for the deteriorating incentive to invest in controllable power plants when the share of...
journal article 2017