Capacity Markets versus Energy-Only Markets: A Comparison under Increasing Wind Penetration

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dc.contributor.authorHohl, Cody
dc.contributor.authorLo Prete, Chiara
dc.date.accessioned2020-01-04T07:47:44Z
dc.date.available2020-01-04T07:47:44Z
dc.date.issued2020-01-07
dc.description.abstractWe compare the ability to support resource adequacy and revenue sufficiency under two market designs (a capacity market and an energy-only market) under increasing levels of wind energy penetration.~An ideal seven node network with six generators and ten transmission lines provides a test system for our analysis.~Simulations of power market outcomes are evaluated in terms of capacity expansion and revenue sufficiency.
dc.format.extent10 pages
dc.identifier.doi10.24251/HICSS.2020.378
dc.identifier.isbn978-0-9981331-3-3
dc.identifier.urihttp://hdl.handle.net/10125/64120
dc.language.isoeng
dc.relation.ispartofProceedings of the 53rd Hawaii International Conference on System Sciences
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectPolicy, Markets, and Computation
dc.subjectmarket design
dc.subjectmulti-stage modeling
dc.subjectwind energy penetration
dc.titleCapacity Markets versus Energy-Only Markets: A Comparison under Increasing Wind Penetration
dc.typeConference Paper
dc.type.dcmiText

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