Analysis and Modelling of the French Capacity Mechanism (eBook, PDF)
Impact Assessment of Energy Policy Measures on the Security of Supply
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Emil Kraft analyses the French capacity remuneration mechanism design and develops a capacity market model that draws upon an agent-based simulation. The capacity mechanism was implemented to mitigate the imminent risk to the security of supply and to complement the electricity markets. The author applies his model to real data in three scenarios and assesses both the impact of the mechanism on the development of the French generation fleet until 2050 and the evolution of the capacity prices. The key conclusions consist of the effectiveness and the controllability of the implemented mechanism...
Emil Kraft analyses the French capacity remuneration mechanism design and develops a capacity market model that draws upon an agent-based simulation. The capacity mechanism was implemented to mitigate the imminent risk to the security of supply and to complement the electricity markets. The author applies his model to real data in three scenarios and assesses both the impact of the mechanism on the development of the French generation fleet until 2050 and the evolution of the capacity prices. The key conclusions consist of the effectiveness and the controllability of the implemented mechanism. As a complement to functioning electricity markets it is able to provide sufficient investment incentives and thus to guarantee the French security of supply in the future.
Contents
. Overview of the French Electricity System
. Decentralised Capacity Mechanism
. Modelling a Decentralised Capacity Market
. Results and Sensitivity Analyses
. Cross-Border Participation and Market CouplingTarget Groups
. Lecturers and students of energy economics, industrial engineering, economic policy and business information technology
. Experts working in the fields of energy economics, energy trade and policy consulting
The Author
Emil Kraft works as a research fellow at the Chair of Energy Economics at the Karlsruhe Institute of Technology (KIT) in the research group "Energy Markets and Energy System Analysis". His research focuses on future market design and the integration of renewable energies into the electricity markets and the future electricity system.
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