Electricity market design for generator revenue sufficiency with increased variable generation
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文摘

We model three market policies for resource adequacy in power systems with wind.

Unit expansion is comparable between ORDCs and fixed reserves scarcity pricing.

ORDCs lead to a more continuous spectrum of energy prices and fewer price spikes.

Revenues for baseload generators generally decrease with increasing wind penetration.

Capacity payments lead to additional NGCT units and lower energy prices.

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