Counting on the neighbours: challenges and practical approaches for cross-border participation in capacity mechanisms

Fabien Roques

Oxford Review of Economic Policy, 2019, vol. 35, issue 2, 332-349

Abstract: Capacity mechanisms have been implemented in an uncoordinated way by many countries in Europe in recent years to ensure security of supply. The European Commission has defined, via the state aid guidelines, principles to minimize their impact on trade and competition in European electricity markets. The paper identifies the different drivers of these national reforms, maps the key issues associated with the coordination of capacity mechanisms across countries, and explores alternative approaches to allow for explicit cross-border participation in capacity mechanisms.

Keywords: capacity mechanisms; generation adequacy; security of supply; cross-border participation (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:oup:oxford:v:35:y:2019:i:2:p:332-349.

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