Article ID Journal Published Year Pages File Type
5001550 The Electricity Journal 2017 19 Pages PDF
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
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