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Energies 2018, 11(6), 1473; https://doi.org/10.3390/en11061473

Cooperation or Localization in European Capacity Markets? A Coalitional Game over Graph Approach

Decision Support Systems Laboratory, School of Electrical and Computer Engineering, National Technical University of Athens, Iroon Politechniou 9, 157 80 Athens, Greece
The views and opinions expressed in this article are solely those of the authors.
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Received: 3 May 2018 / Revised: 31 May 2018 / Accepted: 4 June 2018 / Published: 6 June 2018
(This article belongs to the Section Electrical Power and Energy System)
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Abstract

Capacity markets, as a means to address the capacity adequacy issue, are constantly becoming an important part of the European internal electricity market. The debate focuses on how the capacity markets will be smoothly integrated in one Pan-European power market, without resulting in multiple national fragmentations and consequently in economic efficiency losses. Cross-border participation and regional cooperation are considered as two sine qua non conditions in this respect. The present paper provides a coalitional game theoretical approach aiming to facilitate the cooperation of neighboring countries, when it comes to the security of electricity supply and the necessity of establishing a capacity market. Such an approach can support respective decisions about capacity markets cooperation as well as stress-test the benefits considering all cooperation possibilities. View Full-Text
Keywords: cooperation; coalitional games; decision support; capacity market; adequacy; characteristic function; Myerson value; nucleolus; proportional division cooperation; coalitional games; decision support; capacity market; adequacy; characteristic function; Myerson value; nucleolus; proportional division
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Stamtsis, G.; Doukas, H. Cooperation or Localization in European Capacity Markets? A Coalitional Game over Graph Approach. Energies 2018, 11, 1473.

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