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Title: Capacity market design and renewable energy: Performance incentives, qualifying capacity, and demand curves

Abstract

A review of capacity markets in the United States in the context of increasing levels of variable renewable energy finds substantial differences with respect to incentives for operational performance, methods to calculate qualifying capacity for variable renewable energy and energy storage, and demand curves for capacity. The review also reveals large differences in historical capacity market clearing prices. The authors conclude that electricity market design must continue to evolve to achieve cost-effective policies for resource adequacy.

Authors:
; ;
Publication Date:
Research Org.:
Argonne National Lab. (ANL), Argonne, IL (United States)
Sponsoring Org.:
USDOE Office of Energy Efficiency and Renewable Energy (EERE) - Wind and Water Power Technologies (WWPTO)
OSTI Identifier:
1433060
DOE Contract Number:  
AC02-06CH11357
Resource Type:
Journal Article
Resource Relation:
Journal Name: Electricity Journal; Journal Volume: 31; Journal Issue: 1
Country of Publication:
United States
Language:
English

Citation Formats

Byers, Conleigh, Levin, Todd, and Botterud, Audun. Capacity market design and renewable energy: Performance incentives, qualifying capacity, and demand curves. United States: N. p., 2018. Web. doi:10.1016/j.tej.2018.01.006.
Byers, Conleigh, Levin, Todd, & Botterud, Audun. Capacity market design and renewable energy: Performance incentives, qualifying capacity, and demand curves. United States. doi:10.1016/j.tej.2018.01.006.
Byers, Conleigh, Levin, Todd, and Botterud, Audun. Mon . "Capacity market design and renewable energy: Performance incentives, qualifying capacity, and demand curves". United States. doi:10.1016/j.tej.2018.01.006.
@article{osti_1433060,
title = {Capacity market design and renewable energy: Performance incentives, qualifying capacity, and demand curves},
author = {Byers, Conleigh and Levin, Todd and Botterud, Audun},
abstractNote = {A review of capacity markets in the United States in the context of increasing levels of variable renewable energy finds substantial differences with respect to incentives for operational performance, methods to calculate qualifying capacity for variable renewable energy and energy storage, and demand curves for capacity. The review also reveals large differences in historical capacity market clearing prices. The authors conclude that electricity market design must continue to evolve to achieve cost-effective policies for resource adequacy.},
doi = {10.1016/j.tej.2018.01.006},
journal = {Electricity Journal},
number = 1,
volume = 31,
place = {United States},
year = {Mon Jan 01 00:00:00 EST 2018},
month = {Mon Jan 01 00:00:00 EST 2018}
}