To ensure sufficient power generation capacity and minimize the risk of blackouts, many
countries have introduced capacity mechanisms that provide payments for power plants …

Long-term electric power system planning models are frequently used to provide policy
support in the context of the ongoing transition towards a low-carbon electric power system …

In recent years, electricity markets have been characterized by a growing share of fluctuating
renewable energies, which has increased concerns about the security of electricity supply …

To ensure security of supply and incentivize reliable investment in generation capacity,
capacity markets (CMs) have been implemented or are being considered. However …

Merchant renewables are a new asset class. With historically high cost structures and low
wholesale prices associated with merit order effects, continuity of entry has been reliant on …

Energy support schemes can either facilitate or restrict the sustainable development of the
energy sector. This article reviews the interface and interaction between two types of energy …

Full decarbonisation of the electricity system is one of the key elements to limit global
warming. As this transition takes place, the electricity system must maintain system …

To achieve the carbon-neutral goal set for 2060, China has promoted renewable energy
development for more than two decades. Meanwhile, China's electricity market is …

Abstract Over the period 2016–2021 Australia's National Electricity Market (NEM)
experienced an investment supercycle comprising 24,000 MW of renewables. One of the …

This paper employs a two-stage model to assess the consequences of an easy-to-use form
of capacity payments in competitive electricity markets. We show that capacity payments …