The case for a new capacity mechanism in the UK electricity market–Lessons from Australia and New Zealand

The case for a new capacity mechanism in the UK electricity market–Lessons from Australia and New Zealand

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Article ID: iaor20117773
Volume: 39
Issue: 9
Start Page Number: 5096
End Page Number: 5098
Publication Date: Sep 2011
Journal: Energy Policy
Authors: ,
Keywords: energy
Abstract:

The UK Government plans a capacity mechanism to ensure sufficient reserves as the share of intermittent generation increases. This article reviews the use of last resort capacity mechanisms in two other energy-only markets, Australia and New Zealand.

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