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Cooperation or Localization in European Capacity Markets? A Coalitional Game over Graph Approach

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  • Giorgos Stamtsis

    (Decision Support Systems Laboratory, School of Electrical and Computer Engineering, National Technical University of Athens, Iroon Politechniou 9, 157 80 Athens, Greece
    The views and opinions expressed in this article are solely those of the authors.)

  • Haris Doukas

    (Decision Support Systems Laboratory, School of Electrical and Computer Engineering, National Technical University of Athens, Iroon Politechniou 9, 157 80 Athens, Greece
    The views and opinions expressed in this article are solely those of the authors.)

Abstract

Capacity markets, as a means to address the capacity adequacy issue, are constantly becoming an important part of the European internal electricity market. The debate focuses on how the capacity markets will be smoothly integrated in one Pan-European power market, without resulting in multiple national fragmentations and consequently in economic efficiency losses. Cross-border participation and regional cooperation are considered as two sine qua non conditions in this respect. The present paper provides a coalitional game theoretical approach aiming to facilitate the cooperation of neighboring countries, when it comes to the security of electricity supply and the necessity of establishing a capacity market. Such an approach can support respective decisions about capacity markets cooperation as well as stress-test the benefits considering all cooperation possibilities.

Suggested Citation

  • Giorgos Stamtsis & Haris Doukas, 2018. "Cooperation or Localization in European Capacity Markets? A Coalitional Game over Graph Approach," Energies, MDPI, vol. 11(6), pages 1-17, June.
    • Handle: RePEc:gam:jeners:v:11:y:2018:i:6:p:1473-:d:150992
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    References listed on IDEAS

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    Cited by:

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    2. Vangelis Marinakis & Alexandros Flamos & Giorgos Stamtsis & Ioannis Georgizas & Yannis Maniatis & Haris Doukas, 2020. "The Efforts towards and Challenges of Greece’s Post-Lignite Era: The Case of Megalopolis," Sustainability, MDPI, vol. 12(24), pages 1-21, December.
    3. Jakub Jasiński & Mariusz Kozakiewicz & Maciej Sołtysik, 2021. "The Effectiveness of Energy Cooperatives Operating on the Capacity Market," Energies, MDPI, vol. 14(11), pages 1-20, May.
    4. Nikolaos Chrysanthopoulos & George P. Papavassilopoulos, 2021. "Adaptive rules for discrete-time Cournot games of high competition level markets," Operational Research, Springer, vol. 21(4), pages 2879-2906, December.
    5. Krzysztof Zamasz & Radosław Kapłan & Przemysław Kaszyński & Piotr W. Saługa, 2020. "An Analysis of Support Mechanisms for New CHPs: The Case of Poland," Energies, MDPI, vol. 13(21), pages 1-18, October.

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