Capacity Market Fundamentals

By Peter Cramton, Axel Ockenfels, Steven Stoft. 2013

365 citations recorded by the source corpus.

Subfields: Electrical and Electronic Engineering

View Paper: https://www.semanticscholar.org/paper/ebf1ce47d5bc6cadde781ba2ede18d50367cd82c

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In Electrical and Electronic Engineering

Citations in the corpus

Business models for distributed energy resources: A review and empirical analysis (2017, background): “On the other hand, payments for firm capacity can be quite significant depending on desired reserve margins (for example, on the order of hundreds of dollars per megawatt-day and with a market size of tens of gigawatts in certain systems) [29,30].”
A survey on electricity market design: Insights from theory and real-world implementations of capacity remuneration mechanisms (2019, background): “Although it is cheaper to only pay for new generation capacities, it must be noted that this strategy works only once as investors will adjust their behavior onwards and demand additional protection and risk premiums (Cramton et al., 2013).”
Challenges and barriers to demand response deployment and evaluation (2015, background): “The purpose of capacity markets is to ensure that there is an incentive for investors to ‘‘build adequate capacity in line with consumer preferences for reliability’’ [33] and to ensure that there is enough generating capacity in the long-term.”
Missing Money and Missing Markets: Reliability, Capacity Auctions and Interconnectors (2015, background): “The various arguments for capacity markets have been extensively covered in the literature, recently in the Symposium on ‘Capacity Markets’, (Joskow, 2013; Cramton et al., 2013).”
Intermittency and the Value of Renewable Energy (2011, neutral): “The interpretation of the NERC standard varies across utilities (see Cramton, Ockenfels, and Stoft 2013).”