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dc.contributor.authorVázquez Martínez, Carloses-ES
dc.contributor.authorRivier Abbad, Michel Luises-ES
dc.contributor.authorPérez Arriaga, José Ignacioes-ES
dc.date.accessioned2016-01-15T11:20:07Z
dc.date.available2016-01-15T11:20:07Z
dc.date.issued2002-05-01es_ES
dc.identifier.issn0885-8950es_ES
dc.identifier.uri10.1109TPWRS.2002.1007903es_ES
dc.descriptionArtículos en revistases_ES
dc.description.abstractes-ES
dc.description.abstractThe problem of ensuring that there is enough generation capacity to meet future demand has been an issue in market design since the beginning of the deregulation process. Although ideally the market itself should be enough to provide adequate investment incentives, there are several factors that prevent this result from being achieved, and some actual markets have already experienced problems related with a lack of generation capacity. A regulatory framework to address this question is presented. The procedure is based on an organised market where reliability contracts (based on financial call options) are auctioned, so both their price and their allocation among the different plants are determined through competitive mechanisms. This results in a stabilisation of the income of the generators and provides a clear incentive for new generation investment, with a minimum of regulatory intervention. Additionally, the method represents a market-compatible mechanism to hedge demand from the occurrence of high market prices.en-GB
dc.format.mimetypeapplication/pdfes_ES
dc.language.isoen-GBes_ES
dc.rightses_ES
dc.rights.uries_ES
dc.sourceRevista: IEEE Transactions on Power Systems, Periodo: 1, Volumen: online, Número: 2, Página inicial: 349, Página final: 357es_ES
dc.subject.otherInstituto de Investigación Tecnológica (IIT)es_ES
dc.titleA market approach to long-term security of supplyes_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.description.versioninfo:eu-repo/semantics/publishedVersiones_ES
dc.rights.accessRightsinfo:eu-repo/semantics/restrictedAccesses_ES
dc.keywordses-ES
dc.keywordsCapacity markets, capacity payments, long term guarantee of supply, generation adequacy, wholesale market design, electricity marketsen-GB


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