Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5001550 | The Electricity Journal | 2017 | 19 Pages |
Abstract
A number of mechanisms have been suggested for capacity adequacy. A study using laboratory experiments both of procurement of long-term strategic reserve contracting and of centralized auctioning for capacity contracts suggests that the centralized auctioning process stabilizes laboratory markets and provides economic welfare comparable to a free market. The strategic reserve contracting process does not seem to improve either of the two aspects compared to a non-regulated market.
Related Topics
Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
David Lara-Arango, Santiago Arango-Aramburo, Erik R. Larsen,