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 - Energy and Industry)
K. Bruninx – Mentor (TU Delft - Energy and Industry)
A.F. Correlje – Mentor (TU Delft - Economics of Technology and Innovation)
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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....