Electricity Capacity Markets

ISBN-13: 9781108489652 / Angielski / Twarda / 2022 / 284 str.

Todd S. Aagaard; Andrew N. Kleit

Opis

The first comprehensive analysis of capacity markets, an increasingly important and controversial component of electricity markets.

Recenzje

'Aagaard and Kleit provide a readable, informative, and insightful critique of electricity capacity markets. [The book] lays out the major questions and issues surrounding these controversial and ever-changing policy markets using a combination of economic, legal, and empirical reasoning. No book will end the debate regarding capacity markets, but this one has advanced it.' Frank A. Felder, The Electricity Journal

Spis treści

1. Introduction; 2. Capacity markets primer; 3. Restructured electricity markets and regional transmission organizations; 4. Reliability and the 'missing money' problem; 5. Capacity policies; 6. First-generation capacity markets; 7. Second-generation capacity markets; 8. Capacity market demand; 9. Capacity market supply; 10. Capacity market design; 11. Market power; 12. Minimum offer price rules; 13. The Texas alternative; 14. Conclusion.