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Market design for generation adequacy: Healing causes rather than symptoms

机译：一代人充裕的市场设计：治愈原因而不是症状

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This paper argues that electricity market reform - particularly the need for complementary mechanisms to remunerate capacity - need to be analysed in the light of the local regulatory and institutional environment. If there is a lack of investment, the priority should be to identify the roots of the problem. The lack of demand-side response, short-term reliability management procedures and non-market ancillary services provision often undermine market reflective scarcity pricing and distort long-term investment incentives. The introduction of a capacity mechanism should come as an optional supplement to wholesale and ancillary markets improvements. Priority reforms should focus on encouraging demand-side responsiveness and reducing scarcity price distortions introduced by balancing and congestion management through better dialog between network engineers and market operators.
机译：本文认为，电力市场改革，特别是需要补充机制以补偿能力的需求，需要根据当地的监管和制度环境进行分析。如果缺乏投资，则应优先考虑确定问题的根源。缺乏需求方响应，短期可靠性管理程序和非市场辅助服务的提供，经常会破坏市场反映性的稀缺定价，并扭曲长期投资动机。引入容量机制应该作为批发和辅助市场改进的可选补充。优先级改革应着重于鼓励需求方的响应，并通过网络工程师和市场运营商之间更好的对话来减少由于平衡和拥塞管理而引入的稀缺价格扭曲。

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