The social efficiency of long-term capacity reserve mechanisms

Utilities Policy

Volumn 16, Issue 3, 2008, Pages 202-214

  Finon, Dominique ^a   Meunier, Guy ^b   Pignon, Virginie ^c  

^a CNRS   (France)

^b Centre International de Recherche sur lEnvironnement et le Developpement   (France)

^c EDF R AND D   (France)

Author keywords

Capacity adequacy; Power market; Reliability; Strategic reserves

Indexed keywords

ENERGY MARKET; INVESTMENT; RELIABILITY ANALYSIS; STRATEGIC APPROACH;

EID: 44649140763     PISSN: 09571787     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jup.2008.01.001     Document Type: Article

References (21)

1. Batlle C., Rivier C., Vasquez I., and Perez-Arriaga I. A regulatory mechanism to enhance security of supply in the Spanish wholesale electricity market. Energy Policy 35 9 (September 2007) 4545-4554
2. Battle C., and Perez-Arriaga I. Design criteria for implementing a capacity mechanism in deregulated electricity markets. Utilities Policy (2008) 184-193
3. Cramton, P., Stoft, S. March 2006. The Convergence of Market Designs for Adequate Generating Capacity, with Special Attention to the CAISO's Resource Adequacy Problem, White Paper for the Electricity Oversight Board.
4. Cramton, P., Stoft, S., 2007. Colombia firm energy market. In: Proceedings of the Hawaï International Conference on System Sciences.
5. De Vries, L., May 2004. Securing the Public Interest in Electricity Generation Markets. The Myths of the Invisible Hand and the Copper Plate. Ph.D thesis, Delft University.
6. De Vries L. Generation adequacy: helping the market do its job. Utilities Policy 15 (2007) 20-35
7. EC, 2003. Directive du Parlement Européen et du Conseil concernant des mesures visant à garantir la sécurité de l'approvisionnement en électricité et les investissements dans les infrastructures, {SEC(2003) 1368}/COM/2003/0740 final - COD 2003/0301.
8. EC, 18 January 2006. Directive 2005/89./EC of the European Parliament and the Council Concerning Measures to Safeguard Security of Electricity Supply and Infrastructure Investment, Brussels.
9. von der Fehr N., and Harbord D.C. Capacity Investment and Competition in Decentralised Electricity Markets (1997), University of Oslo, Department of Economics (WP n°27)
10. von der Fehr N.H. Supply security solutions: principles and practices. In: Millian J., and von der Fehr N.H. (Eds). Keeping the Lights On: Power Sector Reform in Latin America (2003), Inter-American Development Bank and The John Hopkins University Press
11. Finon D., and Pignon V. Electricité et fourniture de long terme. La recherche d'instruments règlementaires respectueux du marché électrique. Economie de l'Energie. Economies et Sociétés vol. 10 (Novembre 2006) 1499-1533. Available in English in Working Paper LARSEN 02-2006 bis on www.GIS-LARSEN.org
12. Green R. "Investment and generation capacity". In: Lévêque F. (Ed). Competitive Electricity Markets and Sustainability (2007), Edward Elgar Publishers, London 21-53
13. IEA. Tackling Investment Challenges in Power Generation (2007), IEA-OECD, Paris
14. JESS (Joint Energy Security of Supply Working Group). Long-Term Security of Energy Supply, Seventh Report (December 2006). http://www.berr.gov.uk/files/file35989.pdf Available from:
15. Joskow P., and Tirole J. Reliability and Competitive Markets (2004), CEEPR-MIT Working Paper
16. Ministry of Economic Development (Med-NZ). Discussion Paper on Reserve Generation (2003). Available from: www.med.govt.nz
17. Meunier, G., Finon, D. Suboptimal investment in oligopolistic electricity markets. Market power and public firm investment. Energy Economics, in press. (Available in LARSEN Working Paper: www.GIS-LARSEN.org).
18. Murphy F.H., and Smeers Y. Generation capacity expansion in imperfectly competitive structured electricity markets. Operations Research 53 4 (July-August 2005) 646-661
19. RTE, 2006. Cahier des charges: Contrat de réservation de disponibilités sur une installation de production localisée afin de sécuriser l'exploitation du Réseau Public de Transport d'Electricité, 12.15.2006.
20. Tenne T. Concept Vangnetontwerp: Ten BehoeveVan Marktconsultatie (2005), Tennet, Arnhem
21. Vasquez C., Perez-Arriaga I., and Rivier M. A market approach to long-term security of supply. IEEE Transactions on Power Systems 25 n°2 (2001) 349-357