Great Britain’s first capacity market auction: a primer for European policymakers?

Great Britain’s first capacity market auction: a primer for European policymakers?

The first capacity market auction covering Great Britain’s electricity sector took place in December 2014. Although hailed a success, the auction design likely will evolve as policymakers evaluate whether reliability has been delivered at the least overall cost. In this article, the authors discuss capacity market design, challenges, and the key outcomes from the auction. To read the article, click the link below. 

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