Coherency of the European resource adequacy framework

Conference Paper (2023)
Author(s)

Sebastian Gonzato (Katholieke Universiteit Leuven)

Michiel De Paepe (Katholieke Universiteit Leuven)

K. Bruninx (TU Delft - Energy and Industry)

Erik Delarue (Katholieke Universiteit Leuven)

Research Group
Energy and Industry
Copyright
© 2023 Sebastian Gonzato, Michiel De Paepe, K. Bruninx, Erik Delarue
DOI related publication
https://doi.org/10.1109/EEM58374.2023.10161837
More Info
expand_more
Publication Year
2023
Language
English
Copyright
© 2023 Sebastian Gonzato, Michiel De Paepe, K. Bruninx, Erik Delarue
Research Group
Energy and Industry
ISBN (electronic)
9798350312584
Reuse Rights

Other than for strictly personal use, it is not permitted to download, forward or distribute the text or part of it, without the consent of the author(s) and/or copyright holder(s), unless the work is under an open content license such as Creative Commons.

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.

Files

Coherency_of_the_European_reso... (pdf)
(pdf | 0.963 Mb)
- Embargo expired in 03-01-2024
License info not available