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Enhancing power supply adequacy in Spain: Migrating from capacity payments to reliability options

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Date
2007-09-01
Author
Batlle López, Carlos
Vázquez Martínez, Carlos
Rivier Abbad, Michel Luis
Pérez Arriaga, José Ignacio
Estado
info:eu-repo/semantics/publishedVersion
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Abstract
 
 
There has been total unanimity about the vital importance of reliability of supply since the beginning of the electricity sector deregulation process. This paper describes the procedure proposed by Pérez-Arriaga et al. [2005. White paper for the reform of the regulatory scheme of the power generation in Spain. For the Ministry of Industry, Tourism and Trade of Spain (in Spanish)] to improve upon the current scheme to guarantee a reasonable reserve margin, the capacity payment mechanism. This alternative design introduces improvements aimed at guaranteeing at least a minimum capacity reserve margin, as well as at providing a strong incentive for generating units to be available when needed, namely, in situations when supply is likely to be insufficient to meet the total demand.
 
URI
https:doi.org10.1016j.enpol.2007.04.002
Enhancing power supply adequacy in Spain: Migrating from capacity payments to reliability options
Tipo de Actividad
Artículos en revistas
ISSN
0301-4215
Materias/ categorías / ODS
Instituto de Investigación Tecnológica (IIT)
Palabras Clave

Electricity restructuring; Electricity markets regulation; Security of supply
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