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Report May 20, 2014

Market Mechanisms for Resource Adequacy and System Security: Framing the Issues

By Michael Hogan, Jan Rączka, Frederick Weston, Edith Bayer

Delivering investment for a reliable power supply to consumers at a reasonable cost has always been a central objective of power market design, and various approaches to this challenge have been adopted in Europe and elsewhere. Where a competitive wholesale energy market has been adopted, as in Europe, energy prices are intended to be the primary driver of both s...

Market Design, Power Markets and Reliability Download View Summary