Obligations and penalties in capacity mechanisms to maximize security of supply in a context of a large penetration of intermittent generation

P. Rodilla C. Batlle I. Usera I. Herrero

Funding entity Ministerio de Economía y Competitividad

This task, involved in the taskforce "Modeling design for the development of new methodologies to allow for an efficient integration of renewable energy resources in electric power networks and markets" developed by the IIT in the context of the WINDINSPIRE project, aims at developing economic models to support the analysis of the most efficient design elements of capacity market mechanisms, in a context of increasing variability and intermittency.
It is split in two subtasks:
- Analysis of the suitability of including long-term fuel contract obligations in capacity markets.
- Analysis on the impact of explicit penalty schemes in capacity mechanisms.

Research topics:
• *Energy markets design and regulation

2015 CRMS ES@WINDINSPIRE