If #NuclearPower is not competitive on the market, the market needs to change. So the Finnish government wants #capacityMarkets to keep 'steady' nuclear online.
Meanwhile, our brand-new #Olkiluoto3 reactor, the largest in the world, is again on unscheduled maintenance, just like #Ringhals4 in Sweden.
Not quite the steadiness that the capacity markets are trying provide.
https://yle.fi/a/74-20062749
Repost: https://mastodon.energy/@RegulatoryAssistanceProject/111143059357881228
@bram, #DominicScott & #Zuszsanna Pató shine light on RAP's concerns with #capacitymechanisms.
They explain 6 drawbacks to #CapacityMarkets (3 related to efficiency and 3 to competition) and how these might be addressed.
Check it out! 👇
Over the last decade Europe has witnessed the growth of #CRMs – tools intended to provide added confidence of adequate resource when demand is forecast to push against the limits of supply. While recent European regulations promote reserve scarcity pricing as a baseline design feature and, ideally, a superior solution to resource adequacy concerns, ongoing Electricity Market Design discussions could yet conclude by accommodating these interventions more readily in market arrangements.
Henri Horn
Stetsberlin