The Capacity Market Enigma

Deck: 

Why haven’t reliability markets developed?

Fortnightly Magazine - December 2005
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Ask two economists to define electric reliability, and you may get three different answers. That’s bad, but better than asking two engineers, who may bombard you with technical acronyms. So, the first step in discussing markets for reliability is to agree on a workable definition. Only then does it make sense to discuss whether such markets are needed, and if so, why they haven’t already sprung up by themselves.

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