Hach, Daniel; Chyong, Chi Kong; Spinler, Stefan - Faculty of Economics, University of Cambridge - 2015
generation in several electricity markets around the world. At the same time, conventional generation is still needed to ensure … generation adequacy in markets such as France, Germany, and the United States (e.g., Texas), or even implemented for example in … case study we find that a capacity market increases generation adequacy since it provides incentives for new generation …