Review of Network Economics
Editor-in-Chief: Grzybowski, Lukasz
Ed. by Goetz, Georg / Pereira, Pedro
IMPACT FACTOR 2018: 0.080
5-year IMPACT FACTOR: 0.803
CiteScore 2018: 0.39
SCImago Journal Rank (SJR) 2018: 0.941
Source Normalized Impact per Paper (SNIP) 2018: 0.182
- Print + Online
Resource Adequacy: Should Regulators Worry?
Regulators have proposed various institutional alternatives to secure network resource adequacy and reasonably priced electric power for consumers. These alternatives prompt many difficult questions: Does the development of Demand Response reduce the need for new capacity? How effectively can a government-mandated Capacity Market foster efficient investment? How does centralized generator commitment (with revenue guarantees) compare to a system in which Generators voluntarily commit themselves with no revenue guarantees? If exclusive distribution contracts were replaced by unregulated retail competition, what would be the effects on investment and market prices? We use laboratory experiments to address these questions.