NDLI: Capacity certificate, a step forward in the Iranian power market

Content Provider	IET Digital Library
Author	Heidarizadeh, Mohammad Ahmadian, Mohammad
Abstract	Based on theoretical studies and practical experiences in power systems, electricity market by itself cannot create an effective condition for optimal investment in generation capacity (GC) expansion. On the other hand, the political, social, and economic consequences of shortage of power generation are inevitable under any condition. Thus, several incentives have been introduced to support investment in GC. Currently, the capacity payment mechanism is used for this purpose in the Iranian power market. In addition, the mechanism, along with its benefits, is suffering from some inadequacies and inefficiencies. The present study aimed to introduce Iranian power market and the specifications of the capacity mechanism used in this market. Accordingly, a new incentive called ‘Capacity Certificate’ which has been adopted for Iranian power market is modelled and analysed, along with explaining its characteristics. Regarding the advantage of system dynamics, the effect of this mechanism on the long-term performance of the power market was evaluated from the perspective of the GC expansion and was compared with the capacity payment mechanism. The results revealed that using the capacity certificate mechanism in Iranian power market can be considered as a step forward toward a better system reserve and lower cost.
Starting Page	1875
Ending Page	1883
Page Count	9
ISSN	17518687
Volume Number	13
e-ISSN	17518695
Issue Number	Issue 10, May (2019)
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/iet-gtd/13/10
Alternate Webpage(s)	https://digital-library.theiet.org/content/journals/10.1049/iet-gtd.2018.5096
Journal	IET Generation, Transmission & Distribution
Publisher Date	2019-02-19
Access Restriction	Open
Rights Holder	© The Institution of Engineering and Technology
Subject Keyword	Capacity Certificate Mechanism Capacity Mechanism Capacity Payment Mechanism Electricity Market Generation Capacity Expansion Investment Iranian Power Market Power Generation Power Market Power System Power System Economics Power System Managemen Power System Operation System Dynamics System Reserve
Content Type	Text
Resource Type	Article
Subject	Control and Systems Engineering Energy Engineering and Power Technology Electrical and Electronic Engineering

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

Two-stage nested bilevel model for generation expansion planning in combined electricity and gas markets

Resource adequacy in interdependent electricity markets undergoing heterogeneous expansion in renewable energy

Comprehensive review of generation and transmission expansion planning

Value-based reserve market settlement

Participation of generating companies in transmission investment in electricity markets

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Impact of technical operational details on generation expansion in oligopolistic power markets

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Capacity certificate, a step forward in the Iranian power market

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Capacity certificate, a step forward in the Iranian power market