Capacity Market and Investments in Power Generations: Risk-Averse Decision-Making of Power Producer

The penetration of power generations from renewable energy sources into the power market has a significant impact on the capacity factor of existing power generations. This is because power producers cannot recover a capital cost of power generations with high operating cost possibly due to underinv...

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Bibliographic Details
Main Authors: Naoki Makimoto, Ryuta Takashima
Format: Article
Language:English
Published: MDPI AG 2023-05-01
Series:Energies
Subjects:
Online Access:https://www.mdpi.com/1996-1073/16/10/4241