Comparing Centralised and Decentralised Capacity Mechanisms in Risk Aware Environments
R. Bolotas (TU Delft - Technology, Policy and Management)
L.J. de Vries – Graduation committee member (TU Delft - Technology, Policy and Management)
K. Bruninx – Mentor (TU Delft - Technology, Policy and Management)
A.F. Correlje – Mentor (TU Delft - Technology, Policy and Management)
More Info
expand_more
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 goal of this thesis is to simulate and benchmark centralised and decentralised capacity mechanisms against an Energy-Only Market (EOM). The study uses a stylised model of the Greek energy system to investigate whether a decentralised market design can offer a more efficient alternative to the prevailing centralised capacity market approach in addressing the 'missing money' problem....