G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
The Question of Generation Adequacy in Liberalised Electricity Markets
L.J. De Vries; R.A. Hakvoort
发表日期2004
出处Energy: Resources and Markets
出版年2004
语种英语
摘要This paper presents an overview of the reasons why unregulated markets for the production of electricity cannot be expected to invest sufficiently in generation capacity on a continuous basis. Although it can be shown that periodic price spikes should provide generation companies with sufficient investment incentives in theory, there are a number of probable causes of market failure. A likely result is the development of investment cycles that may affect the adequacy of capacity. The experience in California shows the great social costs associated with an episode of scarce generation capacity. Another disadvantage is that generation companies can manipulate price spikes. This would result in large transfers of income from consumers to producers and reduce the operational reliability of electricity supply during these price spikes. We end this paper by outlining several methods that have been proposed to stabilise the market, which provide better incentives to generation companies and consumers alike.
特色分类Q41,Q43
关键词Generation adequacy,Liberalised electricity market
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/the-question-of-generation-adequacy-in-liberalised-electricity-markets/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/117071
推荐引用方式
GB/T 7714
L.J. De Vries,R.A. Hakvoort. The Question of Generation Adequacy in Liberalised Electricity Markets. 2004.
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