Expert survey on capacity markets in the US: Lessons for the EU

Pradyumna Bhagwat, Laurens de Vries, B.F. Hobbs

Research output: Contribution to journalArticleScientificpeer-review

23 Citations (Scopus)

Abstract

We present a survey of US capacity market experts with the purpose of drawing lessons for the EU. Of the respondents, 41% advised EU member states against implementing capacity markets, while the remaining were neutral or provided suggestions for improving capacity markets. Cross-border effects are currently not a concern but may become so in the future. Imports may dampen prices in a capacity market, but neighbouring markets may also experience pressure to implement a capacity market. The capacity markets in the USA were believed to have achieved their goals with respect to reliability, but in an economically inefficient manner.
Original languageEnglish
Pages (from-to)11-17
JournalUtilities Policy: strategy, performance, regulation
Volume38
DOIs
Publication statusPublished - 2016

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