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dc.contributor.authorBhagwat, Pradyumna
dc.contributor.authorMeeus, Leonardo
dc.date.accessioned2021-01-21T03:46:14Z
dc.date.available2021-01-21T03:46:14Z
dc.date.issued2019en_US
dc.identifier.issn1028-3625
dc.identifier.urihttp://hdl.handle.net/20.500.12127/6634
dc.description.abstractCapacity mechanisms have been controversial in theory as well as practice. Lessons from experience with different capacity mechanisms led to the development of the reliability options. This mechanism promises two advantages over other types of capacity mechanisms. Firstly, it ensures the availability of capacity contracted via the capacity mechanism during scarcity. Secondly, the reliability option mechanism limits any energy market distortion due to its implementation and provides the consumer a hedge from high prices. We assess the ability of reliability options in delivering the two promises by analysing the reliability option designs in Italy and Ireland. We find that they deliver on the first promise but only partly on the second.en_US
dc.language.isoenen_US
dc.relation.ispartofseriesEUI RSCAS, 2019/21en_US
dc.subjectAdequacy Policyen_US
dc.subjectCapacity Mechanismsen_US
dc.subjectReliability Optionsen_US
dc.titleReliability Options: Can they deliver on their promises?en_US
dc.source.numberofpages15en_US
dc.contributor.departmentEuropean University Institute - Robert Schuman Centre for Advanced Studies (RSCAS)en_US
vlerick.knowledgedomainSpecial Industries : Energyen_US
vlerick.typecommWorking paperen_US
vlerick.vlerickdepartmentECen_US
dc.relation.urlhttp://hdl.handle.net/1814/61965en_US
dc.identifier.vperid151626en_US


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