Bhagwat, Pradyumna C.; Richstein, Jörn C.; Chappin, … - In: Utilities Policy 46 (2017), pp. 33-47
The cross-border effects of a capacity market and a strategic reserve in interconnected electricity markets are modeled using an agent-based modeling methodology. Both capacity mechanisms improve the security of supply and reduce consumer costs. Our results indicate that interconnections do not...