Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

Investment vs. refurbishment: incentivising the correct quantity and quality of electricity generators. ESRI Research Bulletin 2016/2/1

Lynch, Muireann A. and Devine, Mel T. (2016) Investment vs. refurbishment: incentivising the correct quantity and quality of electricity generators. ESRI Research Bulletin 2016/2/1. UNSPECIFIED.

[img] PDF - Published Version
Download (126Kb)

    Abstract

    Electricity markets are increasingly moving from a design wherein firms are compensated solely for the energy they provide (‘energy only’ markets) to one where firms are also compensated separately for other costs incurred. One example of a separate payment intended to compensate a firm for other costs incurred is a capacity remuneration mechanism (CRM). CRMs are designed to compensate firms for their fixed costs of capacity, or the cost of building the power plant. In this way, CRMs help to ensure that sufficient electricity generation capacity exists to provide sufficient generation during peak demand hours, ensuring reliable supply.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > energy policy (Including international arena)
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Research Bulletin
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 24 Oct 2019 14:03
    Number of Pages: 3
    Last Modified: 24 Oct 2019 14:03
    URI: http://aei.pitt.edu/id/eprint/98629

    Actions (login required)

    View Item

    Document Downloads