Geri Dön

Capacity remuneration mechanisms in energy-only markets: In pursuit of creating a regulatory framework for the integration of capacity remuneration mechanisms in the European Union electricity markets

Başlık çevirisi mevcut değil.

  1. Tez No: 589942
  2. Yazar: TANER ŞAHİN
  3. Danışmanlar: DR. STEPHEN DOW
  4. Tez Türü: Doktora
  5. Konular: Enerji, Maliye, Energy, Finance
  6. Anahtar Kelimeler: Belirtilmemiş.
  7. Yıl: 2018
  8. Dil: İngilizce
  9. Üniversite: The University of Dundee
  10. Enstitü: Yurtdışı Enstitü
  11. Ana Bilim Dalı: Belirtilmemiş.
  12. Bilim Dalı: Belirtilmemiş.
  13. Sayfa Sayısı: 262

Özet

Özet yok.

Özet (Çeviri)

Liberalisation of electricity markets in Europe produces challenges for ensuring generation adequacy. There are rising concerns in Europe concerning the competence of energy-only markets to provide generation adequacy in the European Union Electricity Markets. Consequently, many Member States in the European Union including the UK, Germany, France, Italy, Belgium, Poland, Denmark, Spain, Portugal, Greece, Croatia, Sweden and Ireland have introduced or are contemplating the introduction of Capacity Remuneration Mechanisms in their jurisdictions with a unilateral approach. It is known, however, that fragmented and uncoordinated Capacity Remuneration Mechanisms in integrated electricity markets, as in Europe, might cause inefficiencies and distort cross-border trade. These developments raise the controversial issue of creating a regulatory framework to integrate Capacity Remuneration Mechanisms in Europe. This thesis is mainly a research on how this regulatory framework can be established. With this understanding, throughout the thesis, one research question is asked and tried to be answered: What regulatory framework is required to ensure generation adequacy in energy-only markets, and to integrate unilaterally established Capacity Remuneration Mechanisms in the EU in compliance with the spirit of the Internal Electricity Market? Answering the first part of research question provides this thesis with a Conceptual Framework. This Conceptual Framework is used to understand the main causes and working principles of Capacity Remuneration Mechanisms. Also, it enables to make a comparison between the theoretical backgrounds of Capacity Remuneration Mechanisms and their reflections in the European Union. To reveal this Conceptual Framework, an extensive literature review is made and, hence, what are the main causes of Capacity Remuneration Mechanisms in energy-only markets are put forward from a theoretical point of view. Accordingly, the missing money problem, the increasing share of intermittent RESs, investment (boom-and-bust) cycle problem and lack of adequate forward contracts are evaluated as main causes of Capacity Remuneration Mechanisms. This theoretical conclusion is supported by analyzing several real-world experiences from the United States to South America. Then, as indicated above, these deductions derived from the Conceptual Framework are tested within the context of the European Capacity Remuneration Mechanisms established in recent years. Consequently, the main causes of the European Capacity Remuneration Mechanisms are compared with what the Conceptual Framework is provided. It is revealed that although the underlying reasons of Capacity Remuneration Mechanisms in the European Union are mostly same with what the Conceptual Framework provides, there are several reasons unique to the European Union Member States. These reasons are called as“European-centric reasons”in this thesis and ordered as follow: (1) Low Carbon Prices – Failure of the Emission Trading Scheme, (2) Phasing out nuclear and coal power plants, (3) Flood of cheap shale gas: Increasing competitiveness of coal power plants, (4) The Global Financial Crisis 2008. Having presented the above, all in all, integration of European Capacity Remuneration Mechanisms is asserted as an inevitable necessity. The said integration is defined as accepting foreign capacity resources (i.e. allowing cross-border participation where physically possible) to national Capacity Remuneration Mechanisms within the context of this thesis. Justifications for this integration are put forward from both legal and economic perspectives. Consequently, the thesis proposes some minimum regulatory requirements to harmonize, and thus integrate, national Capacity Remuneration Mechanisms in Europe. These regulatory requirements include the following (not ranked by priority): Harmonized Generation Adequacy Assessments, Respecting Contracted Capacity Obligations, Allocation of Interconnectors' Capacity and No Double Counting. Initiated by the European Commission in 2015, the Energy Union Strategy offers one of the most important opportunities, if not the only opportunity, to meet these requirements. It is understood that the Fourth Energy Package to be brought by the Energy Union Strategy, along with other innovations it will bring, will include the necessary legal framework that enable these minimum regulatory requirements. In this sense, it can be guessed that significant amendments will be made especially to the Electricity Directive and the Security of Electricity Directive. The questions of whether these amendments will be adequate for integrating European Capacity Remuneration Mechanisms; and, thus, whether the challenges caused by these mechanisms can be overcome will be the subject of interesting and important research in next years.

Benzer Tezler

  1. Serbest elektrik piyasalarında kapasite mekanizmaları ve Türkiye için kapasite piyasası modellemesi

    Capacity mechanisms in liberalized electricity markets and capacity market modelling for Turkey

    MEHMET ALİ KÖLMEK

    Doktora

    Türkçe

    Türkçe

    2022

    EnerjiGazi Üniversitesi

    Enerji Sistemleri Mühendisliği Ana Bilim Dalı

    PROF. DR. TAYFUN MENLİK

  2. Türkiye elektrik piyasasında kapasite mekanizması uygulaması ve santral gelirlerine katkısına ilişkin inceleme

    Capacity mechanism in turkish electricity market and its contribution to power plant revenues

    HÜSEYİN VOLKAN YİĞİT

    Yüksek Lisans

    Türkçe

    Türkçe

    2018

    Enerjiİstanbul Teknik Üniversitesi

    Enerji Bilim ve Teknoloji Ana Bilim Dalı

    PROF. DR. BİHRAT ÖNÖZ

  3. Doku nakli ve yeni kimlik oluşturma bağlamında endüstri mirasının değerlendirilmesi

    Utilizing industrial heritage in the context of grafting and creating new identity

    CEMİLE SANEM ERSİNE

    Yüksek Lisans

    Türkçe

    Türkçe

    2012

    Mimarlıkİstanbul Teknik Üniversitesi

    Mimarlık Ana Bilim Dalı

    YRD. DOÇ. DR. HÜLYA ARI

  4. Sürdürülebilir toplu konut yerleşmesi tasarımı için Pareto genetik algoritmaya dayalı bir model önerisi: SSPM

    A model for sustainable site layout design with pareto genetic algorithm: SSPM

    YAZGI AKSOY

    Doktora

    Türkçe

    Türkçe

    2016

    Mimarlıkİstanbul Teknik Üniversitesi

    Bilişim Ana Bilim Dalı

    PROF. DR. GÜLEN ÇAĞDAŞ

  5. Atıkların yüksek sıcaklıkta sürekli pirolizi için yarı-pilot ölçek yeni bir vidalı reaktör geliştirilmesi

    Development of a new semi-pilot scale screw reactor for continuous pyrolysis of wastes at high temperature

    ANIL ÜNSAÇ

    Doktora

    Türkçe

    Türkçe

    2024

    Enerjiİstanbul Teknik Üniversitesi

    Enerji Bilim ve Teknoloji Ana Bilim Dalı

    PROF. DR. NİLGÜN YAVUZ

    PROF. DR. HASAN CAN OKUTAN