Construct · 1 fields · 1 citations

capacity market: a standalone construct

One name. One construct. A landmark on the map.

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Energy economics

a market in which grid operators pay generators and other resources in advance to be available in the future, to ensure resource adequacy.

In energy economics, capacity market refers to a market in which grid operators pay generators and other resources in advance to be available in the future, to ensure resource adequacy. This meaning comes from Cramton (2013) in Economics of Energy & Environmental Policy.[1]

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Nearby constructs

capacity5 fields · 8 citationsjingle · one word, four limits energy5 fields · 10 citationsjingle · one word, five constructs future3 fields · 6 citationsjingle · one word, three constructs

References

Cramton, P., Ockenfels, A., & Stoft, S. (2013). Capacity Market Fundamentals. Economics of Energy & Environmental Policy, 2(2). https://doi.org/10.5547/2160-5890.2.2.2

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