Expert survey on capacity markets in the US: Lessons for the EU
Pradyumna C. Bhagwat,
Laurens J. de Vries and
Benjamin Hobbs ()
Utilities Policy, 2016, vol. 38, issue C, 11-17
We present a survey of US capacity market experts with the purpose of drawing lessons for the EU. Of the respondents, 41% advised EU member states against implementing capacity markets, while the remaining were neutral or provided suggestions for improving capacity markets. Cross-border effects are currently not a concern but may become so in the future. Imports may dampen prices in a capacity market, but neighbouring markets may also experience pressure to implement a capacity market. The capacity markets in the USA were believed to have achieved their goals with respect to reliability, but in an economically inefficient manner.
Keywords: Adequacy policy; Capacity markets; Electricity markets; Electricity networks (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:38:y:2016:i:c:p:11-17
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