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dc.contributor.authorBhagwata, Pradyumna C.
dc.contributor.authorMeeus, Leonardo
dc.date.accessioned2021-02-01T04:37:46Z
dc.date.available2021-02-01T04:37:46Z
dc.date.issued2019en_US
dc.identifier.issn1040-6190
dc.identifier.doi10.1016/j.tej.2019.106667
dc.identifier.urihttp://hdl.handle.net/20.500.12127/6637
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.publisherElsevieren_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.identifier.journalThe Electricity Journalen_US
dc.source.volume32en_US
dc.source.issue10en_US
dc.contributor.departmentFlorence School of Regulation, RSCAS, European University Institute, Via Boccaccio 121, I-50133, Florence, Italyen_US
vlerick.knowledgedomainSpecial Industries : Energyen_US
vlerick.typearticleJournal articleen_US
vlerick.vlerickdepartmentECen_US
dc.identifier.vperid151626en_US


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