Generation Adequacy via Call Options Obligations: Safe Passage to the Promised Land

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Electricity and long-term capacity adequacy: The quest for regulatory mechanism compatible with electricity market (2008, methodology): “…Stoft (2005; 2006), to be implemented on the New England market, and the centralised markets for reliability options contracs proposed (in particular) by Vasquez, Rivier and Perez-Arriaga (2001; 2003) and more recently by Oren (2005, 2006) and studied for the Spanish, Colombian, and Dutch markets.”
Economics and Design of Capacity Markets for the Power Sector (2012, unknown): “Related approaches are described in Bidwell (2005), Chao and Wilson (2004), Cramton and Stoft (2006, 2007, 2008), Oren (2005a, 2005b), and Vazquez et al. (2002).”
Competitive Electricity Markets and Investment in New Generating Capacity (2006, background): “49 contracts for energy between LSEs and generators as well as option contracts that specify a call price for energy ex ante (e.g. Wolak (2004), Oren (2005)).”
A Dynamic Analysis of a Demand Curve-Based Capacity Market Proposal: The PJM Reliability Pricing Model (2007, background): “The next section of this paper describes the demand curve approach to capacity markets and outlines issues considered by the dynamic model summarized in Sections III and IV and detailed 1Hogan [16] and Oren [22] disagree with this position, arguing that it is feasible to transition to an energy-only”