Welfare implications of capacity payments in a price-capped electricity sector
April 26, 2017 | Raúl Bajo Buenestado

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Raúl Bajo Buenestado
Nonresident ScholarScholar Raúl Bajo Buenestado examines the consumer welfare consequences of introducing capacity payments in the electricity sector, finding that capacity payments reduce price volatility and increase the reliability of the system but also cause consumers’ electricity bills to rise. Published by the Energy Economics journal: http://bit.ly/2q8XFYw.