- Aug 15, 2019 1:44 am GMT
- 564 views
A capacity exchange that incentivizes investments in grid services that are aimed at ensuring system reliability as a top priority, followed closely by a means to give consumers the ability to secure their own capacity/fuel type would seem to be a reasonable response to the London blackout, as opposed to a "get more capacity" strategy. The AOCE concept is one example of an exchange that implements a "priority services hierarchy" to secure specific types of supply services for reliability and enables consumers to secure green power, using a lowest cost objective function. The following quote from the article articulates this need more precisely:
"To improve the power system’s ability to cope with plant failures, the government should change its capacity market, a backup system, by guaranteeing prices for storage assets for 10 to 12 years to help attract institution investors, according to Peter Dickson, a partner at Glennmont Partners, a clean energy investment firm in London. "