Decarbonizing electricity requires re-evaluating capacity mechanisms

Jacob Mays (), David P. Morton and Richard P. O’Neill
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Jacob Mays: Northwestern University
David P. Morton: Northwestern University
Richard P. O’Neill: Federal Energy Regulatory Commission

Nature Energy, 2019, vol. 4, issue 11, 912-913

Abstract: Many electricity markets authorize capacity payments to generators to secure sufficient supply, unintentionally favouring peaking technologies like oil and gas. New approaches are needed to ensure reliability without discouraging investment in low-carbon resources such as solar, wind and nuclear.

Date: 2019
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DOI: 10.1038/s41560-019-0502-3

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