One Year of I-SEM: Preliminary Assessment of Capacity Mechanism Outcomes

Filippo Del Grosso ()
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Filippo Del Grosso: Free University of Bolzano‐Bozen, Faculty of Economics and Management, Italy

No BEMPS73, BEMPS - Bozen Economics & Management Paper Series from Faculty of Economics and Management at the Free University of Bozen

Abstract: The aim of this paper is to assess the outcomes of the Reliability Options scheme for Capacity Mechanism, as implemented in the Integrated Single Electricity Market in Ireland (I-SEM). This research leverages econometric and data handling techniques to provide evidence over the effectiveness of this scheme in terms of system reliability, as well as to help understanding the functioning and potential best practices for early adopters of a technically complex and sophisticated market solution and derive potential policy implications. The originality of this contribution is given by the regional focus, as well as the inclusion of the time dimension, by modelling three different datasets (Full, Ante I-SEM and Post I-SEM), and by adding specifications of fundamental variables related to the electricity system.

Keywords: Electricity Market; Electricity Regulation; Capacity Mechanism; Capacity Payment; Reliability Options (search for similar items in EconPapers)
JEL-codes: Q41 Q47 Q48 (search for similar items in EconPapers)
Pages: [30 pages]
Date: 2020-10
New Economics Papers: this item is included in nep-ene
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