The Future Design Of Electricity Markets:
Capacity Payments Or Smart Solutions?
Author(s)
R. Haas
Abstract
Currently, increasing shares of intermittent renewable energy sources (RES) are
changing the common pattern of electricity markets, especially in Western
Europe. This development has led to the call for capacity markets in addition to
the current energy-only markets. The objective of this paper is to discuss the
relevance and the effects of capacity markets and the alternatives. The most
important conclusion is that the evolution of a flexible system for the renewable
integration of RES, considering other elements such as grid extension, smart
grids, technical demand-side management, economic demand response and short
and long-term storage, is favorable to the capacity markets in Western Europe
and may also serve as a role model for largely RES-based electricity suppliers in
other countries world-wide.
Keywords: electricity markets, intermittent renewables, capacity payments.
Keywords
electricity markets, intermittent renewables, capacity payments.
Related Book
Other papers in this volume
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