000			01863nab a2200181 4500
005			20260520000812.0
008			260224s2008 xxu
100	1		_aAssili, Mohsen _940734
245	0	0	_aAn improved mechanism for capacity payment based on system dynamics modeling for investment planning in competitive electricity environment
260			_cOct. 2008
270			_a2009-04-06 ; 2009-04-06
300			_a13 p. ; 3703-3713
520			_aTranscripción del resumen publicado por el autor: Many countries have experienced restructuring in their electric utilities. This restructuring has presented the power industries with new challenges, the most important of which is long-term investment planning under uncertain conditions. This paper presents an improved mechanism for capacity payment. The mechanism has been investigated based on system dynamic modeling. In our proposed mechanism, generators will recover a part of their investment through capacity payment. While the payment for any plant remains constant during the operation period, it depends on the investment needed to build it. The main factors affecting long-term planning have been considered in our model. The approach can be used to investigate the effects of fixed as well as variable capacity payment in market investment. We used the probability density function of load as a new concept to calculate average market price. Delays in unit constructions, estimation of demand, and market capacity growth during construction periods have been included in the proposed algorithm as parameters, which affect the regulator's decision for changing capacity payment. The model can be used by regulators to investigate strategies that may affect the fluctuations in the market
581			_a10
773	0		_tEnergy Policy _g36
942			_cARTICULO
999			_c169463 _d169463