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Electricity Scarcity Pricing Through Operating Reserves
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- Neuhoff, Karsten & Diekmann, Jochen & Kunz, Friedrich & Rüster, Sophia & Schill, Wolf-Peter & Schwenen, Sebastian, 2016.
"A coordinated strategic reserve to safeguard the European energy transition,"
Utilities Policy, Elsevier, vol. 41(C), pages 252-263.
- Neuhoff, Karsten & Diekmann, Jochen & Kunz, Friedrich & Rüster, Sophia & Schill, Wolf-Peter & Schwenen, Sebastian, 2016. "A Coordinated Strategic Reserve to Safeguard the European Energy Transition," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 41, pages 252-263.
- Karsten Neuhoff & Jochen Diekmann & Friedrich Kunz & Sophia Rüster & Wolf-Peter Schill & Sebastian Schwenen, 2015. "A Coordinated Strategic Reserve to Safeguard the European Energy Transition," Discussion Papers of DIW Berlin 1495, DIW Berlin, German Institute for Economic Research.
- Peter Cramton, 2022. "Fostering Resiliency with Good Market Design: Lessons from Texas," ECONtribute Discussion Papers Series 145, University of Bonn and University of Cologne, Germany.
- Joel Gilmore & Tahlia Nolan & Paul Simshauser, 2024.
"The Levelised Cost of Frequency Control Ancillary Services in Australia’s National Electricity Market,"
The Energy Journal, , vol. 45(1), pages 201-229, January.
- Gilmore, J. & Nolan, T. & Simshauser, P., 2022. "The Levelised Cost of Frequency Control Ancillary Services in Australia’s National Electricity Market," Cambridge Working Papers in Economics 2203, Faculty of Economics, University of Cambridge.
- Paul Simshauser, 2021.
"Lessons from Australia's National Electricity Market 1998-2018: strengths and weaknesses of the reform experience,"
Chapters, in: Jean-Michel Glachant & Paul L. Joskow & Michael G. Pollitt (ed.), Handbook on Electricity Markets, chapter 9, pages 242-286,
Edward Elgar Publishing.
- Simshauser, P., 2019. "Lessons from Australia’s National Electricity Market 1998-2018: the strengths and weaknesses of the reform experience," Cambridge Working Papers in Economics 1972, Faculty of Economics, University of Cambridge.
- Paul Simshauser, 2019. "Lessons from Australia's National Electricity Market 1998-2018: the strengths and weaknesses of the reform experience," Working Papers EPRG1927, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Zalzar, Shaghayegh & Bompard, Ettore & Purvins, Arturs & Masera, Marcelo, 2020. "The impacts of an integrated European adjustment market for electricity under high share of renewables," Energy Policy, Elsevier, vol. 136(C).
- Daniel A. Brent & Lata Gangadharan & Anca Mihut & Marie Claire Villeval, 2019.
"Taxation, redistribution, and observability in social dilemmas,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 21(5), pages 826-846, October.
- Daniel A. Brent & Lata Gangadharan & Anca Mihut & Marie Claire Villeval, 2017. "Taxation, redistribution and observability in social dilemmas," Working Papers 1726, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Daniel A Brent & Lata Gangadharan & Anca Mihut & Marie Claire Villeval, 2017. "Taxation, redistribution and observability in social dilemmas," Working Papers halshs-01609971, HAL.
- Daniel A Brent & Lata Gangadharan & Anca Mihut & Marie Claire Villeval, 2019. "Taxation, redistribution and observability in social dilemmas," Post-Print halshs-01930721, HAL.
- Stephen Littlechild & Lynne Kiesling, 2021.
"Hayek and the Texas blackout,"
Working Papers
EPRG2118, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Littlechild, S. & Kiesling, L., 2021. "Hayek and the Texas blackout," Cambridge Working Papers in Economics 2149, Faculty of Economics, University of Cambridge.
- Varawala, Lamia & Hesamzadeh, Mohammad Reza & Dán, György & Bunn, Derek & Rosellón, Juan, 2023.
"A pricing mechanism to jointly mitigate market power and environmental externalities in electricity markets,"
Energy Economics, Elsevier, vol. 121(C).
- Lamia Varawala & Mohammad Reza Hesamzadeh & Gyorgy D'an & Derek Bunn & Juan Rosell'on, 2021. "A Pricing Mechanism to Jointly Mitigate Market Power and Environmental Externalities in Electricity Markets," Papers 2104.00578, arXiv.org, revised Apr 2023.
- Jesús Botero García & David Cardona Vásquez & John García Rendón, 2019. "Energy transition in Germany and integration of non-conventional energy sources," Documentos de Trabajo de Valor Público 17784, Universidad EAFIT.
- Mou, Yuting & Papavasiliou, Anthony & Hartz, Katharina & Dusolt, Alexander & Redl, Christian, 2023. "An analysis of shortage pricing and capacity remuneration mechanisms on the pan-European common energy market," Energy Policy, Elsevier, vol. 183(C).
- Simshauser, P., 2021. "Rooftop Solar PV and the Peak Load Problem in the NEM’s Queensland Region," Cambridge Working Papers in Economics 2180, Faculty of Economics, University of Cambridge.
- Keppler, Jan Horst & Quemin, Simon & Saguan, Marcelo, 2022.
"Why the sustainable provision of low-carbon electricity needs hybrid markets,"
Energy Policy, Elsevier, vol. 171(C).
- Jan-Horst Keppler & Simon Quemin & Marcelo Saguan, 2022. "Why the sustainable provision of low-carbon electricity needs hybrid markets," Post-Print hal-03964488, HAL.
- Neuhoff, Karsten & Richstein, Jörn C. & Kröger, Mats, 2023. "Reacting to changing paradigms: How and why to reform electricity markets," Energy Policy, Elsevier, vol. 180(C).
- Milstein, Irena & Tishler, Asher, 2019. "On the effects of capacity payments in competitive electricity markets: Capacity adequacy, price cap, and reliability," Energy Policy, Elsevier, vol. 129(C), pages 370-385.
- Farhad Billimoria & Filiberto Fele & Iacopo Savelli & Thomas Morstyn & Malcolm McCulloch, 2021. "On the Design of an Insurance Mechanism for Reliability Differentiation in Electricity Markets," Papers 2106.14351, arXiv.org.
- Growitsch, Christian & Just, Lisa & Pedell, Burkhard, 2014. "Risk Assessment of Investments in Energy-only and Capacity Markets," Die Unternehmung - Swiss Journal of Business Research and Practice, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 68(3), pages 181-188.
- Muñoz, Francisco D. & Suazo-Martínez, Carlos & Pereira, Eduardo & Moreno, Rodrigo, 2021. "Electricity market design for low-carbon and flexible systems: Room for improvement in Chile," Energy Policy, Elsevier, vol. 148(PB).
- Brown, David P. & Muehlenbachs, Lucija, 2023.
"The Value of Electricity Reliability: Evidence from Battery Adoption,"
Working Papers
2023-5, University of Alberta, Department of Economics, revised 26 Jul 2024.
- David P. Brown & Lucija Muehlenbachs, 2024. "The Value of Electricity Reliability: Evidence from Battery Adoption," CESifo Working Paper Series 11377, CESifo.
- Simshauser, Paul, 2020.
"Merchant renewables and the valuation of peaking plant in energy-only markets,"
Energy Economics, Elsevier, vol. 91(C).
- Simshauser, P., 2020. "Merchant renewables and the valuation of peaking plant in energy-only markets," Cambridge Working Papers in Economics 2002, Faculty of Economics, University of Cambridge.
- Paul Simshauser, 2020. "Merchant renewables and the valuation of peaking plant in energy-only markets," Working Papers EPRG2002, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Paul Simshauser & Joel Gilmore, 2020.
"Is the NEM broken? Policy discontinuity and the 2017-2020 investment megacycle,"
Working Papers
EPRG2014, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Simshauser, P. & Gilmore, J., 2020. "Is the NEM broken? Policy discontinuity and the 2017-2020 investment megacycle," Cambridge Working Papers in Economics 2048, Faculty of Economics, University of Cambridge.
- Brown, David P. & Muehlenbachs, Lucija, 2023.
"The Value of Electricity Reliability: Evidence from Battery Adoption,"
Working Papers
2023-5, University of Alberta, Department of Economics, revised 26 Jul 2024.
- Brown, David B. & Muehlenbachs, Lucija, 2023. "The Value of Electricity Reliability: Evidence from Battery Adoption," RFF Working Paper Series 23-10, Resources for the Future.
- Traber, Thure, 2017. "Capacity Remuneration Mechanisms for Reliability in the Integrated European Electricity Market: Effects on Welfare and Distribution through 2023," Utilities Policy, Elsevier, vol. 46(C), pages 1-14.
- Emmanuele Bobbio & Simon Brandkamp & Stephanie Chan & Peter Cramton & David Malec & Lucy Yu, 2022. "Price Responsive Demand in Britain's Electricity Market," ECONtribute Discussion Papers Series 185, University of Bonn and University of Cologne, Germany.
- Khezr, Peyman & Nepal, Rabindra, 2021. "On the viability of energy-capacity markets under decreasing marginal costs," Energy Economics, Elsevier, vol. 96(C).
- Gholami, Mina Bahrami & Poletti, Stephen & Staffell, Iain, 2021. "Wind, rain, fire and sun: Towards zero carbon electricity for New Zealand," Energy Policy, Elsevier, vol. 150(C).
- Thomaßen, Georg & Redl, Christian & Bruckner, Thomas, 2022. "Will the energy-only market collapse? On market dynamics in low-carbon electricity systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 164(C).
- Bajo-Buenestado, Raúl, 2021. "Operating reserve demand curve, scarcity pricing and intermittent generation: Lessons from the Texas ERCOT experience," Energy Policy, Elsevier, vol. 149(C).
- Lété, Quentin & Smeers, Yves & Papavasiliou, Anthony, 2022. "An analysis of zonal electricity pricing from a long-term perspective," Energy Economics, Elsevier, vol. 107(C).
- Simshauser, Paul, 2022.
"Rooftop solar PV and the peak load problem in the NEM's Queensland region,"
Energy Economics, Elsevier, vol. 109(C).
- Paul Simshauser, 2021. "Rooftop solar PV and the peak load problem in the NEM’s Queensland region," Working Papers EPRG2125, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Simshauser, Paul, 2021. "Vertical integration, peaking plant commitments and the role of credit quality in energy-only markets," Energy Economics, Elsevier, vol. 104(C).
- Papavasiliou, Anthony & Cartuyvels, Jacques & Bertrand, Gilles & Marien, Alain, 2023. "Implementation of scarcity pricing without co-optimization in European energy-only balancing markets," Utilities Policy, Elsevier, vol. 81(C).
- Tangerås, Thomas P., 2018.
"Equilibrium supply security in a multinational electricity market with renewable production,"
Energy Economics, Elsevier, vol. 72(C), pages 416-435.
- Thomas P. Tangerås, 2017. "Equilibrium supply security in a multinational electricity market with renewable production," Working Papers EPRG 1707, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Tangerås, Thomas, 2017. "Equilibrium Supply Security in a Multinational Electricity Market with Renewable Production," Working Paper Series 1162, Research Institute of Industrial Economics, revised 05 May 2017.
- Tangeras, T., 2017. "Equilibrium supply security in a multinational electricity market with renewable production," Cambridge Working Papers in Economics 1716, Faculty of Economics, University of Cambridge.
- Tsaousoglou, Georgios & Petsinis, Konstantinos & Makris, Prodromos & Skoteinos, Iraklis & Efthymiopoulos, Nikolaos & Varvarigos, Emmanouel, 2021. "A shortage pricing mechanism for capacity remuneration with simulation for the Greek electricity balancing market," Utilities Policy, Elsevier, vol. 71(C).
- Simshauser, Paul & Gilmore, Joel, 2022. "Climate change policy discontinuity & Australia's 2016-2021 renewable investment supercycle," Energy Policy, Elsevier, vol. 160(C).
- Prakash, Abhijith & Ashby, Rohan & Bruce, Anna & MacGill, Iain, 2023. "Quantifying reserve capabilities for designing flexible electricity markets: An Australian case study with increasing penetrations of renewables," Energy Policy, Elsevier, vol. 177(C).
- Billimoria, Farhad & Fele, Filiberto & Savelli, Iacopo & Morstyn, Thomas & McCulloch, Malcolm, 2022. "An insurance mechanism for electricity reliability differentiation under deep decarbonization," Applied Energy, Elsevier, vol. 321(C).
- Simshauser, Paul, 2018. "On intermittent renewable generation & the stability of Australia's National Electricity Market," Energy Economics, Elsevier, vol. 72(C), pages 1-19.
- Hu, Jing & Harmsen, Robert & Crijns-Graus, Wina & Worrell, Ernst, 2018. "Barriers to investment in utility-scale variable renewable electricity (VRE) generation projects," Renewable Energy, Elsevier, vol. 121(C), pages 730-744.
- Simshauser, Paul & Tian, Yuan & Whish-Wilson, Patrick, 2015. "Vertical integration in energy-only electricity markets," Economic Analysis and Policy, Elsevier, vol. 48(C), pages 35-56.
- Jenny Riesz, Joel Gilmore, Iain MacGill, 2016. "Assessing the viability of Energy-Only Markets with 100% Renewables," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 1).
- Paul Simshauser, 2020.
"Merchant utilities and boundaries of the firm: vertical integration in energy-only markets,"
Working Papers
EPRG2008, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Simshauser, P., 2020. "Merchant utilities and boundaries of the firm: vertical integration in energy-only markets," Cambridge Working Papers in Economics 2039, Faculty of Economics, University of Cambridge.
- Peter Cramton & Emmanuele Bobbio & David Malec & Pat Sujarittanonta, 2022. "Electricity Markets in Transition: A Multi-Decade Micro-Model of Entry and Exit in Advanced Wholesale Markets," ECONtribute Discussion Papers Series 183, University of Bonn and University of Cologne, Germany.
- Simshauser, Paul, 2019.
"Missing money, missing policy and Resource Adequacy in Australia's National Electricity Market,"
Utilities Policy, Elsevier, vol. 60(C), pages 1-1.
- Paul Simshauser, 2018. "Missing money, missing policy and Resource Adequacy in Australia's National Electricity Market," Working Papers EPRG 1821, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Simshauser, P, 2018. "Missing money, missing policy and Resource Adequacy in Australia’s National Electricity Market," Cambridge Working Papers in Economics 1840, Faculty of Economics, University of Cambridge.
- Lavin, Luke & Murphy, Sinnott & Sergi, Brian & Apt, Jay, 2020. "Dynamic operating reserve procurement improves scarcity pricing in PJM," Energy Policy, Elsevier, vol. 147(C).
- Burger, Scott & Chaves-Ávila, Jose Pablo & Batlle, Carlos & Pérez-Arriaga, Ignacio J., 2017. "A review of the value of aggregators in electricity systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 395-405.
- Fridrik Mar Baldursson & Julia Bellenbaum & Lenja Niesen & Christoph Weber, 2022. "Welfare optimal reliability and reserve provision in electricity markets with increasing shares of renewable energy sources," Journal of Regulatory Economics, Springer, vol. 62(1), pages 47-79, December.
- Zarnikau, J. & Zhu, S. & Woo, C.K. & Tsai, C.H., 2020. "Texas's operating reserve demand curve's generation investment incentive," Energy Policy, Elsevier, vol. 137(C).
- Mays, Jacob & Morton, David P. & O’Neill, Richard P., 2021. "Investment effects of pricing schemes for non-convex markets," European Journal of Operational Research, Elsevier, vol. 289(2), pages 712-726.
- Zappa, William & Junginger, Martin & van den Broek, Machteld, 2021. "Can liberalised electricity markets support decarbonised portfolios in line with the Paris Agreement? A case study of Central Western Europe," Energy Policy, Elsevier, vol. 149(C).
- Michail Chronopoulos, Derek Bunn, and Afzal Siddiqui, 2014. "Optionality and Policymaking in Re-Transforming the British Power Market," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
- Cartuyvels, Jacques & Bertrand, Gilles & Papavasiliou, Anthony, 2023. "Market Equilibria in Cross-Border Balancing Platforms," LIDAM Discussion Papers CORE 2023009, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Anthony Papavasiliou & Yves Smeers, 2017. "Remuneration of Flexibility using Operating Reserve Demand Curves: A Case Study of Belgium," The Energy Journal, International Association for Energy Economics, vol. 0(Number 6).
- Khanna, Shefali & Rowe, Kevin, 2024. "The long-run value of electricity reliability in India," Resource and Energy Economics, Elsevier, vol. 77(C).
- Thomaßen, Georg & Bruckner, Thomas, 2024. "Market based decarbonization and the interaction with reliability policies," Contributions of the Institute for Infrastructure and Resources Management 01/2024, University of Leipzig, Institute for Infrastructure and Resources Management.
- Jenny Riesz & Michael Milligan, 2015. "Designing electricity markets for a high penetration of variable renewables," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 4(3), pages 279-289, May.
- Mohammad Rasouli & Demosthenis Teneketzis, 2021. "Economizing the Uneconomic: Markets for Reliable, Sustainable, and Price Efficient Electricity," Sustainability, MDPI, vol. 13(8), pages 1-38, April.