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

DOI10.1016/J.EJOR.2015.08.034zbMath1346.91086OpenAlexW568369828MaRDI QIDQ321029

Chi Kong Chyong, Stefan Spinler, Daniel Hach

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

renewable energy sourcescapacity marketcapacity mechanismconventional electricity generation investmentdynamic capacity investment modelgeneration adequacy

Mathematics Subject Classification ID

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

Related Items (6)

The structural impact of renewable portfolio standards and feed-in tariffs on electricity markets ⋮ Robustness of capacity markets: a stochastic dynamic capacity investment model ⋮ Real option valuation of a decremental regulation service provided by electricity storage ⋮ The improved screening curve method regarding existing units ⋮ Real option valuation for reserve capacity ⋮ A PRINCIPAL–AGENT APPROACH TO CAPACITY REMUNERATION MECHANISMS

Uses Software

• MARKAL

Cites Work

• The structural impact of renewable portfolio standards and feed-in tariffs on electricity markets
• Optimization methods for electric utility resource planning
• Robustness of capacity markets: a stochastic dynamic capacity investment model
• Renewable energy investments under different support schemes: a real options approach
• Technology selection and capacity investment under uncertainty
• SMART: A Stochastic Multiscale Model for the Analysis of Energy Resources, Technology, and Policy
• Generation Capacity Expansion in a Risky Environment: A Stochastic Equilibrium Analysis
• Modeling the Impact of Market Interventions on the Strategic Evolution of Electricity Markets

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