This chapter discusses some of the issues facing regulatory and government agencies in creating a commercial environment that encourages the development of levels of security that match consumer expectations and budgets.

Chapter Contents:

• 10.1 Regulation
• 10.2 Security analysis
• 10.3 Defining the capacity need
• 10.4 Wind generation contribution
• 10.5 Economic analysis
• 10.6 Capacity procurement
• 10.7 The impact of interconnection
• 10.8 Demand side regulation
• 10.9 Market mechanisms to realise capacity
• 10.10 Capacity market Ireland
• 10.11 Capacity market design – United Kingdom
• 10.12 Capacity auction results
• 10.13 US capacity auctions
• 10.14 Conclusions

Inspec keywords: power markets

Other keywords: commercial environment; capacity markets

Subjects: Power system management, operation and economics