Capacity market design options: a dynamic capacity investment model and a GB case study

DOI10.1016/J.EJOR.2015.08.034MaRDI QIDQ321029zbMATH OpenOpenAlexFDO

Authors Daniel Hach, Chi Kong Chyong, Stefan Spinler

Publication date 7 October 2016

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL http://www.econ.cam.ac.uk/research-files/repec/cam/pdf/cwpe1508.pdf

zbMATH Keywords

capacity marketcapacity mechanismconventional electricity generation investmentdynamic capacity investment modelgeneration adequacyrenewable energy sources

Mathematics Subject Classification ID

Case-oriented studies in operations research (90B90) Microeconomic theory (price theory and economic markets) (91B24)

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Cites work

• Generation capacity expansion in a risky environment: a stochastic equilibrium analysis
• Modeling the Impact of Market Interventions on the Strategic Evolution of Electricity Markets
• Optimization methods for electric utility resource planning
• Renewable energy investments under different support schemes: a real options approach
• Robustness of capacity markets: a stochastic dynamic capacity investment model
• SMART: A stochastic multiscale model for the analysis of energy resources, technology, and policy
• Technology selection and capacity investment under uncertainty
• The structural impact of renewable portfolio standards and feed-in tariffs on electricity markets

Cited in

(8)

• The structural impact of renewable portfolio standards and feed-in tariffs on electricity markets
• Real option valuation of a decremental regulation service provided by electricity storage
• Real option valuation for reserve capacity
• A principal-agent approach to capacity remuneration mechanisms
• How to escape a declining market: capacity investment or exit?
• Investing in electricity production under a reliability options scheme
• Robustness of capacity markets: a stochastic dynamic capacity investment model
• The improved screening curve method regarding existing units

Describes a project that uses

Uses Software

• MARKAL

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