| ID | 162292 |
| Title Proper | Italian capacity remuneration mechanism |
| Other Title Information | critical review and open questions |
| Language | ENG |
| Author | Mastropietro, Paolo |
| Summary / Abstract (Note) | Italy is currently implementing a Capacity Remuneration Mechanism (CRM) in a power sector that is paradoxically characterised, at least for the time being, by a significant overcapacity. This article aims at building a critical review of the Italian CRM design. It first presents the Italian context, explaining how the discussion started more than a decade ago and how it evolved since then. Then, it provides an in-depth description and critical analysis of the mechanism under proposal, based on its main design elements, keeping always as a reference the guidelines issued by the European Commission on CRMs. Many valuable lessons can be extracted from the Italian experience to shed light on other similar processes currently under development.
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| `In' analytical Note | Energy Policy Vol. 123; Dec 2018: p.659-669 |
| Journal Source | Energy Policy 2018-12 123 |
| Key Words | Flexibility ; Capacity Remuneration Mechanisms ; System Adequacy ; Reliability Options ; Design ElementsItaly |