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Publication type: Working paper – expertise – study
Title: Capacity Remuneration Mechanisms : Overview, Implementation in Selected European Jurisdictions, and Implications for Switzerland
Authors: Betz, Regina
Cludius, Johanna
Riesz, Jenny
DOI: 10.21256/zhaw-1143
Extent: 28
Issue Date: Nov-2015
Series: SML Working Paper
Series volume: 10
Publisher / Ed. Institution: ZHAW Zürcher Hochschule für Angewandte Wissenschaften
Publisher / Ed. Institution: Winterthur
ISSN: 2296-5025
Language: English
Subjects: Energy markets; Cross-border; Capacity mechanisms
Subject (DDC): 333: Economics of land and resources
Abstract: In many European jurisdictions, capacity remuneration mechanisms are either in use or their implementation is being discussed. In light of falling prices on the wholesale markets for electricity, these mechanisms are meant to generate revenues over and above energy-only market revenues in order for power plants to be able to recover their fixed costs and ensure a reliable energy supply. In the first part of this paper, we present a framework for discussing the different types of capacity remuneration mechanisms currently in operation or under discussion. In a next step, we take a closer look at the implementation status of these mechanisms in France, Germany, and Italy, Switzerland’s main electricity import and export partners. Whereas capacity mechanisms are in place in France and Italy, in Germany the process intended to lead to an overhaul of the current market design is still ongoing.
License (according to publishing contract): Not specified
Departement: School of Management and Law
Organisational Unit: Center for Public Commercial Law (ZOW)
Appears in collections:Energierecht & Energy Policy Analysis

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