In the face of challenges to energy-only market design under the electricity sector transition, an option considered by many jurisdictions is to incorporate some form of centralized capacity mechanism to respond to shortfalls in the market provision. For example, the UK government has already introduced a formal capacity market. In Germany and Belgium, strategic reserve […]
The EU internal market in electricity is experiencing challenges in ensuring resource adequacy through the operation of the energy-only market alone. To guarantee the uninterrupted availability of affordable electricity, many Member States have adopted national capacity mechanisms, which compensate for the availability and readiness of existing and forthcoming generation capacity to supply electricity. These national […]
OPEC Cycles and Crude Oil Market Dynamics https://t.co/pPZC2FIpWz
October 19th
A new OIES paper proposes a new model for electricity market design: the insurer-of-last-resort model intended to p… https://t.co/DCUxMNAPCV
October 17th
Decarbonized Market Design: An Insurance Overlay on Energy-Only Electricity Markets https://t.co/5ABluITTPn
October 16th
