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Expert survey on capacity markets in the US: Lessons for the EU.
- Source :
-
Utilities Policy . Feb2016, Vol. 38, p11-17. 7p. - Publication Year :
- 2016
-
Abstract
- We present a survey of US capacity market experts with the purpose of drawing lessons for the EU. Of the respondents, 41% advised EU member states against implementing capacity markets, while the remaining were neutral or provided suggestions for improving capacity markets. Cross-border effects are currently not a concern but may become so in the future. Imports may dampen prices in a capacity market, but neighbouring markets may also experience pressure to implement a capacity market. The capacity markets in the USA were believed to have achieved their goals with respect to reliability, but in an economically inefficient manner. [ABSTRACT FROM AUTHOR]
- Subjects :
- *ECONOMIC surveys
*ECONOMIC impact
*ECONOMIC efficiency
*ELECTRIC networks
Subjects
Details
- Language :
- English
- ISSN :
- 09571787
- Volume :
- 38
- Database :
- Academic Search Index
- Journal :
- Utilities Policy
- Publication Type :
- Academic Journal
- Accession number :
- 112552061
- Full Text :
- https://doi.org/10.1016/j.jup.2015.11.005