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Economics so far provides little conceptual guidance on capacity remuneration mechanisms (CRM) in deregulated electricity markets.
Using a game-theoretic approach, the countries' policy options for capacity remuneration mechanisms (CRMs) are analysed with respect to welfare and distribution effects.
Additionally, policy-makers and market operators need an appreciation of the capacity value of different resources in order to design capacity remuneration mechanisms.
I develop a partial equilibrium model to compare effects of three polar capacity remuneration mechanisms (CRMs) based on the assumption that a CRM is indicated.
This paper analyses the impact of risk aversion on the performances of capacity remuneration mechanisms, with investors facing an uncertain peak load.
A major aim of Capacity Remuneration Mechanisms (CRMs) is to lead the power system expansion towards the level of security of supply that the regulator considers adequate.
Similar(48)
Liberalised electricity markets often include a capacity remuneration mechanism to allow generation firms recover their fixed costs.
The EU assumes the energy-only Target Electricity Model will deliver reliability but the UK argues that a capacity remuneration mechanism is needed.
In the literature, changing the remuneration mechanism to a capacity premium has been discussed as an option to increase flexibility incentives, because unlike a feed-in premium, a capacity-based premium does not distort spot market price signals [104].
The Rwanda MoH uses community performance-based financing (cPBF), a remuneration mechanism based on outputs, to create incentives for CHWs.
This study suggests that an existing remuneration mechanism has a selection effect on who would like to become a GP.
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