A Market Approach to Long-Term Security of Supply

By C. Vázquez, Michel M. Rivier, Ignacio J. Pérez-Arriaga. IEEE Power Engineering Review, 2002

292 citations recorded by the source corpus.

Subfields: Electrical and Electronic Engineering, Safety, Risk, Reliability and Quality

View Paper: https://www.semanticscholar.org/paper/426ca3ead20e5046ea043440d7822468861515aa

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In Electrical and Electronic Engineering

In Safety, Risk, Reliability and Quality

Citations in the corpus

A survey on electricity market design: Insights from theory and real-world implementations of capacity remuneration mechanisms (2019, background): “Verification system In order to enhance the performance of CRMs, a performance incentive system is required, which ensures that the capacities actually provide the contracted capacity when the system is tight (Vazquez et al., 2002; Mastropietro et al., 2016).”
Capacity Market Fundamentals (2013, background): “13 Related approaches are described in Bidwell (2005), Chao and Wilson (2004), Cramton and Stoft (2006) (2007) (2008), Oren (2005), Vazquez et al. (2002), and Cramton and Ockenfels (2012).”
Forward reliability markets: Less risk, less market power, more efficiency (2008, unknown): “Keywords: Capacity market; Forward reliability market; ICAP; Adequacy; Reliability; Firm-energy market”
Securing the public interest in electricity generation markets. The myths of the invisible hand and the copper plate (2004, background): “…California electricity crisis, the literature does provide a basic analysis of the problem (most notably by Meseguer and Pérez-Arriaga, 1997; Hobbs et al., 2001c; Doorman, 2000), and some proposals for solutions (Doorman, 2000; Vázquez et al., 2002; PJM’s system of installed capacity requirements).”
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).”
Generation Adequacy via Call Options Obligations: Safe Passage to the Promised Land (2005, background): “The idea of employing call options as a capacity mechanism has been discussed in several papers and proposal such as [3], [4], [5] and [6] but it is yet to be implemented.”
Insufficient incentives for investment in electricity generations (2004, background): “These are a form of call options which the system operator purchases from the generation companies (Vázquez et al., 2002).”
Electricity and long-term capacity adequacy: The quest for regulatory mechanism compatible with electricity market (2008, background): “These principles are captured in the two proposals: the forward contracts mechanism proposed by Cramton and Stoft (2005; 2006), to be implemented on the New England market, and the centralised markets for reliability options contrac ts proposed (in particular) by Vasquez, Rivier and Perez-Arriaga (”