Welfare implications of capacity payments in a price-capped electricity sector: A case study of the Texas market (ERCOT)
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DOI: 10.1016/j.eneco.2017.03.026
Abstract: The aim of this paper is to analyze the welfare consequences of introducing capacity compensation payments in restructured and liberalized electricity markets. For that purpose, we set up a two-stage framework in which two kinds… read more here.
Keywords: capacity; market; electricity; price ... See more keywords