Flow-based forward capacity mechanism: an alternative to the regulated capacity remuneration mechanisms in electricity market with high RES penetration

• Main Authors: See, Phen Chiak, Fosso, Olav Bjarte, Wong, Kuan Yew, Molinas, Marta
• Format: Article
• Published: Institute of Electrical and Electronics Engineers Inc. 2016
• Subjects: TJ Mechanical engineering and machinery
• Online Access: http://eprints.utm.my/id/eprint/72734/; https://www.scopus.com/inward/record.uri?eid=2-s2.0-84949894939&doi=10.1109%2fTSTE.2015.2497158&partnerID=40&md5=0b42a210a091c975d75091e0e117aa08

The rapid adoption of variable renewable generation has created new challenges in the maintenance of power system adequacy. On one hand, its non-dispatchable nature increases the need for firm and flexible load-following peaking power generation. On the other hand, its significantly lower short-run...