Impacts of Capacity Remuneration Mechanisms on Generation Investments and Resource Adequacy under Different Weather Conditions

Sun, Yinong; Guo, Nongchao; Frew, Bethany; Anwar, Muhammad  Bashar

doi:10.2139/ssrn.4896921

2024

DOI: 10.2139/ssrn.4896921

|View full text |Cite

Preprint

Impacts of Capacity Remuneration Mechanisms on Generation Investments and Resource Adequacy under Different Weather Conditions

Yinong Sun,

Nongchao Guo,

Bethany Frew

et al.

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2024

Publication Types

Select...

Article1

Relationship

Self Cite0

Independent1

Authors

Journals

Cited by 1 publication

References 10 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

Resource Adequacy and Integration of Renewables in Light of US, EU, and Pakistan’s Evolving Power Sector

Hussain,

Cho,

Park

2024

Energies

View full text Add to dashboard Cite

This study investigates resource adequacy and renewable energy integration in the United States, European Union, and Pakistan amid global energy market liberalization and greenhouse gas reduction efforts. It explores how these regions are adapting to the surge in renewable sources like wind and solar, which, despite their financial and environmental benefits, challenge resource adequacy and the economic viability of traditional energy sources. In the US and EU, significant improvements have been introduced in wholesale electricity markets and capacity accreditation mechanisms, which enhanced the large-scale deployment of renewables. This shift has prompted a reevaluation of resource adequacy, leading to the increased deployment of battery storage and demand response. Presently, gas-based generation is largely upholding resource adequacy; however, future trends indicate a move towards greater consumer participation, energy efficiency, and utility-scale storage, with a decline in fossil fuel use. Pakistan aims to adopt a liberalized market structure by balancing competitive markets with legacy contracts. Public pressure is driving a shift from costly fossil-based generation to renewables. Similarly, a trend in the rise of behind-the-meter solar generation can be witnessed. In the future, Pakistan may also experience resource adequacy challenges. It will likely need to implement battery storage, demand response, and modern capacity accreditation tools, by drawing lessons from developed markets.

show abstract

Resource Adequacy and Integration of Renewables in Light of US, EU, and Pakistan’s Evolving Power Sector

Hussain,

Cho,

Park

2024

Energies

View full text Add to dashboard Cite

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Impacts of Capacity Remuneration Mechanisms on Generation Investments and Resource Adequacy under Different Weather Conditions

Cited by 1 publication

References 10 publications

Resource Adequacy and Integration of Renewables in Light of US, EU, and Pakistan’s Evolving Power Sector

Resource Adequacy and Integration of Renewables in Light of US, EU, and Pakistan’s Evolving Power Sector

Contact Info

Product

Resources

About