Featured in Yes, PV can – 10-2014

Resource adequacy

Capacity markets: Amid the normal European fragmentation on energy matters lies an unresolved capacity market question, with the UK proposing radical plans. If introduced, what role can renewables including solar PV play in building upon the growth of capacity markets in the UK and beyond?

By

Ilias Tsagas

01 Oct 2014

In the power industry there is a clear distinction between the value of energy generated from a generation plant and the value of “capacity,” which is the ability of a power plant to generate energy. During the old era of the energy market fully controlled by vertically integrated electrical utilities, new power generation plants (once …

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