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ID: 121284

Dynamic analysis of various investment incentives and regional / Hasani-Marzooni, Masoud; Hosseini, Seyed Hamid

Hasani-Marzooni, Masoud	Journal Article
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Publication

2013.

Summary/Abstract

This paper develops a system dynamics model to analyze the impacts of different kinds of capacity payment as investment incentive mechanisms in Iranian electricity market. Since it is aimed that the incurred capital and operating costs of generation technologies be recovered in Iranian electricity pool, the noncompetitive capacity payment mechanism has been introduced for this purpose in order to encourage new investments in electric power generation system. In the current mechanism, the capacity payments are designated to the generating units in the whole country electricity market. An annual base value of capacity payment is proposed based on recovering the capital cost of a benchmark generation technology. This value is altered according to the operational reserve in the day-ahead electricity market. This supporting policy is simulated and analyzed in the proposed dynamic framework in order to track the trend of new investments in the Iranian electricity market. The feasibility study of implementing the regional capacity assignment is the main focus of this paper. Different possible regulating policies such as floating rates for capacity payment and electricity price cap, the multiple capacity payments to various technologies, and the regional electricity market with territorial capacity allocation are examined in order to investigate the consequences and performances of different decisions and policies in the capacity investment of Iranian electricity market.

Key Words

System Dynamics ; Investment Incentives ; Capacity Payment

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ID: 092762

Regional energy paradox: the case of Central Norway / Sandsmark, Maria

Sandsmark, Maria	Journal Article
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Publication

2009.

Summary/Abstract

Central Norway is expected to have a gap of 8 TWh in 2010 because of heavy investments in energy-intensive industries. The region has two landing sites for natural gas and a considerable potential for wind power to cover the gap. Small-scale hydropower and upgrading of existing hydropower plants also constitute a regional energy potential. Paradoxically, the most realistic investment prospect seems to be extensive investments in new transmission lines to cover the supply deficit. The aim of this paper is to present a problem of regional supply security and public intervention to illustrate and discuss the challenges of arriving at long-term capacity adequacy in deregulated electricity markets.

Key Words

Supply Security ; Investment Incentives ; Regulatory Risk

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