Competitive Electricity Markets and Investment in New Generating Capacity

By P. Joskow. 2006

377 citations recorded by the source corpus.

Subfields: Accounting, Electrical and Electronic Engineering, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/8ce0156c23a0e8be920fab1ff013019426d70de3

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Electrical and Electronic Engineering

In Management Science and Operations Research

Citations in the corpus

Resilience and electricity systems: A comparative analysis (2012, background): “…2010), with forays into the implications of carbon emission constraints on diversity (Grubb et al., 2006), and security of supply in liberalized markets (Rodilla and Batlle, 2012, Joskow, 2006) rather than a broader view of the process of transforming energy into electricity for consumption.”
Capacity Market Fundamentals (2013, background): “One problem is that it is difficult to estimate VoLL (Stoft, 2002; Joskow, 2007).”
Capacity payments in imperfect electricity markets: Need and design (2008, background): “I have discussed these arguments in more detail elsewhere (Joskow 2007) and focus on the missing money problem here.”
Lessons Learned From Electricity Market Liberalization (2008, background): “…to overcome imperfections in wholesale and retail markets in order to restore incentives for investments in generating capacity and demand response capabilities consistent with traditional reliability levels (Joskow 2006a, 2007, California Public Utility Commission 2005, Cramton and Stoft 2006).”
Electricity and long-term capacity adequacy: The quest for regulatory mechanism compatible with electricity market (2008, methodology): “Finally, the price can also be biased by the out-ofmarket supply of ancillary services under the system operator’ control, who seeks to ensure the flexibility required for balancing supply and demand without using efficiently existing market mechanisms (Joskow, 2006).”
On the economics of renewable energy sources (2013, background): “In accordance with the diversity of belief or distrust in energy-only market mechanisms found in the literature, the suggested approaches range from “doingnothing/market-solves-the-problem” (Müsgens and Peek, 2011; Nicolosi, 2012b), to “remedy-flawedintervention/energy-only” (Hogan 2005) to “capacit”
Economics and Design of Capacity Markets for the Power Sector (2012, background): “All these risks may discourage investors, or require a significant risk premium (see Joskow 2007 for a detailed discussion).”
Large-scale wind power in European electricity markets: Time for revisiting support schemes and market designs? (2010, background): “capacity markets, capacity payments) are sometimes added to the market architecture in order to ensure an adequate level of generation capacity (Joskow, 2006).”