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.
Weathering the storm: Utility resource planning in the face of weather-driven reliability risks
The authors assessed how modeling different weather year scenarios in capacity expansion planning can impact resource investment decisions and the resulting...