Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10402699 | The Electricity Journal | 2005 | 12 Pages |
Abstract
The capacity market that the authors have proposed for New England avoids problems found in early capacity markets by only rewarding capacity that contributes to reliability as demonstrated by its performance during hours in which there is a shortage of operating reserves. This design both avoids and hedges energy market risk, and by suppressing market power also avoids regulatory risk.
Related Topics
Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
Peter Cramton, Steven Stoft,