Title :
How capacity markets address resource adequacy
Author :
Chao, Henry ; Lawrence, David J.
Author_Institution :
New York Indep. Syst. Operator, Rensselaer, NY, USA
Abstract :
Will the ldquomissing moneyrdquo in a competitive energy market be sufficiently addressed in the capacity market to garner adequate resources to keep the lights on? Can the capacity market provide economic signals to attract new investment in generation? A summary of how the New York Independent System Operator (NYISO) addresses these issues is discussed in this paper, along with a summary of the effort currently underway to design a forward capacity market.
Keywords :
power markets; power system economics; power system reliability; NYISO; New York Independent System Operator; capacity markets; competitive energy market; economic signals; investment in generation; resource adequacy; system reliability; Capacity planning; Chaos; Costs; Electricity supply industry; Investments; Power generation; Power generation economics; Power system planning; Power system reliability; Process planning; LOLE; NYISO; Resource adequacy; System Reliability; and ICAP; capacity market;
Conference_Titel :
Power & Energy Society General Meeting, 2009. PES '09. IEEE
Conference_Location :
Calgary, AB
Print_ISBN :
978-1-4244-4241-6
DOI :
10.1109/PES.2009.5275173
