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Enhancing power supply adequacy in Spain: Migrating from capacity payments to reliability options

C. Batlle, C. Vázquez, M. Rivier, I.J. Pérez-Arriaga

Energy Policy Vol. 35, nº. 9, pp. 4545 - 4554

Resumen:
There has been total unanimity about the vital importance of reliability of supply since the beginning of the electricity sector deregulation process. This paper describes the procedure proposed by Pérez-Arriaga et al. [2005. White paper for the reform of the regulatory scheme of the power generation in Spain. For the Ministry of Industry, Tourism and Trade of Spain (in Spanish)] to improve upon the current scheme to guarantee a reasonable reserve margin, the capacity payment mechanism. This alternative design introduces improvements aimed at guaranteeing at least a minimum capacity reserve margin, as well as at providing a strong incentive for generating units to be available when needed, namely, in situations when supply is likely to be insufficient to meet the total demand.


Palabras Clave: Electricity restructuring; Electricity markets regulation; Security of supply


Índice de impacto JCR y cuartil WoS: 1.901 (2007); 5.042 - Q1 (2019)

Referencia DOI: DOI icon 10.1016/j.enpol.2007.04.002

Publicado en papel: Septiembre 2007.



Cita:
C. Batlle, C. Vázquez, M. Rivier, I.J. Pérez-Arriaga. Enhancing power supply adequacy in Spain: Migrating from capacity payments to reliability options. Energy Policy. Vol. 35, nº. 9, pp. 4545 - 4554 Septiembre 2007.


    Líneas de investigación:
  • *Diseño y regulación de mercados energéticos

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