An analysis of a forward capacity market with long-term contracts

被引：31

作者：

Bhagwat, Pradyumna C. ^{[1
,2
]}

Marcheselli, Anna ^{[1
,3
]}

Richstein, Joern C. ^{[1
,4
]}

Chappin, Emile J. L. ^{[1
]}

De Vries, Laurens J. ^{[1
]}

机构：

[1] Delft Univ Technol, Fac Technol Policy & Management, Jaffalaan 5, NL-2628 BX Delft, Netherlands

[2] European Univ Inst, Florence Sch Regulat, RSCAS, Via Boccaccio 121, I-50133 Florence, Italy

[3] Politecn Milan, Fac Ingn Ind & Informaz, Via Raffaele Lambruschini 15, I-20156 Milan, Italy

[4] DIW Berlin, Mohrenstr 58, D-10117 Berlin, Germany

来源：

ENERGY POLICY | 2017年 / 111卷

关键词：

Adequacy policy; Agent-based modeling; Capacity markets; Capacity mechanisms; Electricity market; Security of supply; RENEWABLE ENERGY-SOURCES; HIGH PORTFOLIO SHARE; POWER-SYSTEMS; ELECTRICITY; GENERATION; MODEL; MECHANISMS; PENETRATION; ENVIRONMENT; TECHNOLOGY;

D O I：

10.1016/j.enpol.2017.09.037

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We analyze the effectiveness of a forward capacity market (FCM) with long-term contracts in an electricity market in the presence of a growing share of renewable energy. An agent-based model is used for this analysis. Capacity markets can compensate for the deteriorating incentive to invest in controllable power plants when the share of variable renewable energy sources grows, but may create volatile prices themselves. Capacity markets with long-term contracts have been developed, e.g. in the UK, to stabilize capacity prices. In our analysis, a FCM is effective in providing the required adequacy level and leads to lower cost to consumers and more stable capacity prices, as compared to a yearly capacity market. In case of a demand shock, a FCM may develop an investment cycle, but it still maintains security of supply. Its main effect on the power plant portfolio is more investment in peak plant.

引用

页码：255 / 267

页数：13