Should electricity markets have a capacity requirement? If so, how should it be priced?

Adam B. Jaffe, Frank Felder

Research output: Contribution to journalArticle

26 Citations (Scopus)

Abstract

The possibility of non-market-clearing situations in power systems implies that there is a positive social externality associated with construction of capacity or reduction in peak load. In deciding whether and how to internalize this externality, the policy debate should focus on determining the optimal level of reliability and the best way to achieve it.

Original languageEnglish (US)
Pages (from-to)52-60
Number of pages9
JournalElectricity Journal
Volume9
Issue number10
DOIs
StatePublished - Dec 1 1996

Fingerprint

electricity
market
Externalities
Electricity market
Power markets
Power system

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Energy (miscellaneous)
  • Management of Technology and Innovation
  • Law

Cite this

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Should electricity markets have a capacity requirement? If so, how should it be priced? / Jaffe, Adam B.; Felder, Frank.

In: Electricity Journal, Vol. 9, No. 10, 01.12.1996, p. 52-60.

Research output: Contribution to journalArticle

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