Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
4916621 | Applied Energy | 2016 | 18 Pages |
Abstract
Our results show that an EOM extended with a strategic reserve can incentivize investments, and guarantee supply security in a market with high share of renewable energies. However, the generation adequacy can be more easily achieved with a capacity market. Furthermore, the cost advantage of an EOM diminishes in the long-term, as scarcity prices in the EOM lead to similar system costs as with a capacity market.
Keywords
Related Topics
Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
Dogan Keles, Andreas Bublitz, Florian Zimmermann, Massimo Genoese, Wolf Fichtner,