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Currently, certain coal, oil, natural gas, and hydro plants take on the important role of providing these standby capacity services, known as frequency regulation and operating reserves.
Rachel Fletcher, senior partner for markets at Ofgem, said the decision to consult on extending ways to bring in new capacity services into the following winter was a prudent one.
In June the Greek tourist island of Lesbos was in danger of being overwhelmed (in terms of capacity, services, and resources) by the daily arrival of some 300 refugees and migrants.
The spot market for natural gas is especially important to: 1) pipeline companies that set up trading facilities in order to market their capacity services and gain higher utilization factors for their pipelines and 2) infrastructure builders who uses the prices at two points in the system as an indicator for the need for new pipeline infrastructure.
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The outcome determines the required capacity, service level (frequency), call sequence, etc., corresponding to the LSP's seasonal strategy.
For future reference, these service drivers are identified as 'used capacity' service drivers.
Resources are allocated to services based on the used capacity service drivers (Table 5).
In this study, the used capacity service drivers are used as allocation driver.
We refer to Table 5 for an overview of the used capacity service drivers.
In this study, the used capacity service drivers are also adopted as allocation drivers.
The used capacity service driver for the other resources is a dummy variable that indicates if the service uses the resource or not.
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