Searched for: subject:"capacity%5C+market"
(1 - 9 of 9)
document
Slooff, Duco (author)
As the world is transitioning from conventional to renewable energy sources, governments and energy utilities face the challenge to match the supply profile of these intermittent sources to the energy demand. Energy storage is being considered as one of the potential solutions to cope with the variability of renewables. Belgium is not only...
master thesis 2019
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Söder, Lennart (author), Tómasson, Egill (author), Estanqueiro, Ana (author), Flynn, Damian (author), Hodge, Bri Mathias (author), Couto, António (author), Pudjianto, Danny (author), Strbac, Goran (author), De Vries, Laurens (author)
The integration of renewable energy sources, including wind power, in the adequacy assessment of electricity generation capacity becomes increasingly important as renewable energy generation increases in volume and replaces conventional power plants. The contribution of wind power to cover the electricity demand is less certain than...
review 2019
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Khan, A.S.M. (author), Verzijlbergh, R.A. (author), Sakinci, Ozgur Can (author), De Vries, Laurens (author)
To ensure security of supply and incentivize reliable investment in generation capacity, capacity markets (CMs) have been implemented or are being considered. However, demand response (DR) and electrical energy storage (EES) also contribute to system adequacy. In this paper, we analyse the change in the need for a CM if DR and EES are...
journal article 2018
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Bhagwat, P.C. (author), Iychettira, K.K. (author), Richstein, J.C. (author), Chappin, E.J.L. (author), De Vries, Laurens (author)
The effectiveness of a capacity market is analyzed by simulating three conditions that may cause suboptimal investment in the electricity generation: imperfect information and uncertainty; declining demand shocks resulting in load loss; and a growing share of renewable energy sources in the generation portfolio. Implementation of a capacity...
journal article 2017
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Bhagwat, P.C. (author), Marcheselli, A. (author), Richstein, J.C. (author), Chappin, E.J.L. (author), De Vries, Laurens (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
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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)
The push for clean energy has caused a rapid growth of renewables in the electricity supply mix of the EU. Although one would assume that the impact of these technologies is entirely positive, recent research and experience indicate that there is reason for concern namely regarding the security of supply. In this context, the concern is how...
doctoral thesis 2016
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Swager, C.R. (author)
Within electricity markets, serious concerns exist whether a competitive electricity market will provide the necessary incentives for investment in generation. In Europe several countries are looking at the options of implementing a capacity mechanism. A capacity market provides a possible solution to this problem of generation adequacy but the...
master thesis 2014
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Iychettira, K.K. (author)
There is increasing concern that energy-only markets are inadequate when it comes to ensuring generation adequacy in the power sector over the long term. This is reflected in the fact that several Independent System Operators have commissioned studies about security of supply over the last few years; OFGEM and CEER (Council of European Energy...
master thesis 2013
Searched for: subject:"capacity%5C+market"
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