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• W1489702982 abstract "The fundamental change of energy policy in Germany has lead to a discussion how security of electricity supply will be affected by the heavily subsidised expansion of electricity generation from renewable energies, as electricity generation from renewable energies is much more fluctuating and, therefore, less reliable than conventional electricity generation plants. The key question is whether capacity mechanisms are needed to complement or even to substitute classical energy-only-markets. As it is not clear whether energy-onl-markets can guarantee the long-term security of supply, capacity mechanisms are considered to guarantee sufficient investment into generation capacity. Even though there is no solid evidence that the current market system is failing to provide sufficient investment incentives, the expansion of renewable energies changes the profitability of conventional generation plants. Therefore, we discuss a possible capacity market model for Germany, but we also stress that a capacity market should not be introduced in the short term nor should a capacity market be implemented in Germany in isolation. Instead, the need for a capacity market needs to be discussed at a European level as energy markets are increasingly integrated. For the transition period, extensions to the current system such as a cold reserve for emergency cases may be more easily implemented." @default.
• W1489702982 created "2016-06-24" @default.
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• W1489702982 date "2012-01-01" @default.
• W1489702982 modified "2023-09-23" @default.
• W1489702982 title "Braucht Deutschland einen Kapazitätsmarkt für Kraftwerke? Eine Analyse des deutschen Marktes für Stromerzeugung" @default.
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