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| DOI | 10.1016/j.enpol.2020.111683 |
| Economic consequences of a capacity market implementation: The case of Poland | |
| Komorowska A.; Benalcazar P.; Kaszyński P.; Kamiński J. | |
| 发表日期 | 2020 |
| ISSN | 03014215 |
| 卷号 | 144 |
| 英文摘要 | This paper investigates the potential economic consequences of setting up a capacity market in Poland. A computable model of the Polish power generation system is developed and employed to analyse the impact of this mechanism. Two scenarios are designed for this study: (i) a reference scenario that reflects the energy-only market and (ii) a capacity market scenario that assumes the implementation of such an instrument. To assess the economic consequences, the following parameters are estimated: (i) annual electricity prices, (ii) Loss Of Load Hours, (iii) Expected Energy Not Served, and only for the capacity market scenario: (iv) market clearing price, (v) total budget of the capacity market, and (vi) increase in electricity price due to the introduction of the capacity market. The findings of the study indicate that the long-term maintenance of the energy-only market results in higher electricity prices when compared to putting a capacity market into operation. Introducing a capacity market enables existing resources to be used effectively without excessive capital expenditure. The methods and conclusions presented in this paper provide valuable findings and policy insights regarding the potential economic consequences of a capacity mechanism in a power system mostly dominated by coal and undergoing an energy transition. © 2020 The Authors |
| 关键词 | Adequacy policyCapacity marketEnergy modellingEnergy-only marketGeneration mixMarket design |
| 英文关键词 | Budget control; Coal industry; Costs; Economic and social effects; Capital expenditures; Economic consequences; Electricity prices; Expected energy not served; Long-term maintenances; Loss of load hours; Market Clearing Price; Power generation systems; Commerce; economic impact; electricity supply; energy market; energy policy; expenditure; numerical model; policy implementation; power generation; Poland [Central Europe] |
| 语种 | 英语 |
| 来源期刊 | Energy Policy
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/204725 |
| 作者单位 | Mineral and Energy Economy Research Institute of the Polish Academy of Sciences, Wybickiego 7A, Kraków, 30-261, Poland |
| 推荐引用方式 GB/T 7714 | Komorowska A.,Benalcazar P.,Kaszyński P.,et al. Economic consequences of a capacity market implementation: The case of Poland[J],2020,144. |
| APA | Komorowska A.,Benalcazar P.,Kaszyński P.,&Kamiński J..(2020).Economic consequences of a capacity market implementation: The case of Poland.Energy Policy,144. |
| MLA | Komorowska A.,et al."Economic consequences of a capacity market implementation: The case of Poland".Energy Policy 144(2020). |
| 条目包含的文件 | 条目无相关文件。 | |||||
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