Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/193940 
Erscheinungsjahr: 
2018
Schriftenreihe/Nr.: 
ESRI Working Paper No. 603
Verlag: 
The Economic and Social Research Institute (ESRI), Dublin
Zusammenfassung: 
Demand Response (DR) is capable of reducing the need for generation capacity investments in order to ensure system security. We utilise this fact to devise a novel methodology for estimating a load-shifting DR resource's capacity contribution and therefore determining DR's potential for participation in capacity markets. DR primarily affects the equilibrium outcome through the energy market, however DR also reduces prices and consumer costs through its capacity market contribution when there is a high level of variable renewable generation and initial undercapacity. As wind levels increase, so do capacity prices as generators seek higher capacity prices to offset depressed energy prices. However, we find that DR's participation in the capacity market can combat these increased capacity prices. These results suggest that DR participation in capacity markets can mitigate some of the market challenges of renewable integration.
Schlagwörter: 
Demand Response
Load-Shifting
Markets
Reserve
Capacity
Dokumentart: 
Working Paper

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