Designing a regulatory tool for coordinated investment in renewable and conventional generation capacities considering market equilibria

Aryani, Morteza; Ahmadian, Mohammad Taghi; Sheikh‐El‐Eslami, Mohammad Kazem

doi:10.1016/j.apenergy.2020.115728

Cited by 12 publications

(2 citation statements)

References 36 publications

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“…(Aryani et al, 2021) developed a bi-level robust regulatory model to analyze generation companies' investment response to various regulatory decisions or players' behaviors, including capacity markets, subsidies or uncertainty. A similar model was used in (Aryani et al, 2020), to investigate capacity and energy payments for conventional and renewable generations, necessary to achieve targets for adequacy and emission reduction. (Mcrae & Wolak, 2019) developed the equilibrium model to analyze reliability payment instruments in the Colombian electricity market, demonstrating the shortfalls of this design to minimize the cost of meeting electricity demand and reduce market power exercise.…”

Section: Capacity Remuneration Mechanismsmentioning

confidence: 99%

Should Electricity Market Designs be Improved to Drive Decarbonization?

Chattopadhyay¹,

Suski²

2022

Policy Research Working Papers

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The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

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Section: Capacity Remuneration Mechanismsmentioning

confidence: 99%

Should Electricity Market Designs be Improved to Drive Decarbonization?

Chattopadhyay¹,

Suski²

2022

Policy Research Working Papers

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“…Even with participation in reserve or flexibility markets, a capacity mechanism seems necessary for investment recovery. Thus, reference [22] presents a model to set capacity-and energy-based incentives to match revenues and expenses for storage and applies it to a test system. References [17,23] propose additional revenues from capacity mechanisms and flexibility markets to reach the optimal amount of storage.…”

Section: Introductionmentioning

confidence: 99%

Renewables and Advanced Storage in Power Systems: The Iberian Case

Usaola¹

2022

Applied Sciences

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Storage has many benefits for power systems with a high share of renewable energy. It reduces renewable curtailment, can participate in ancillary services and contributes to system adequacy. However, its business model is far from clear since most of its revenues come from arbitrage in energy markets, and this is usually not enough to recover the investment. Advanced storage can facilitate the profitability of storage and ease the integration of renewables in power systems by reducing costs and allowing an enhanced performance. The profitability requirements of future advanced storage systems (batteries) are assessed in this paper by means of an optimization method and an uncertainty analysis for an optimal Iberian (Spain and Portugal) power system that meets the targets of their National Energy and Climate Plans. Results show that needed storage capacity is only a small part of the demanded energy, but technical advances are required for optimal performance. High prospective storage cost leads to a wind-dominated renewable mix, while low storage cost favours photovoltaics. Arbitrage with storage may cover its investment costs under carbon prices close to the actual Social Cost of Carbon.

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Energy trading efficiency in the US Midcontinent electricity markets

Cao

Tsai³

et al. 2021

Applied Energy

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Designing a regulatory tool for coordinated investment in renewable and conventional generation capacities considering market equilibria

Cited by 12 publications

References 36 publications

Should Electricity Market Designs be Improved to Drive Decarbonization?

Should Electricity Market Designs be Improved to Drive Decarbonization?

Renewables and Advanced Storage in Power Systems: The Iberian Case

Energy trading efficiency in the US Midcontinent electricity markets

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