Examining the Future Structure of Ontario's Electricity Market: Should Ontario Incorporate a Capacity Market or Alternative Structural Framework? (PPT)

摘要

1 maintain reliability, power systems must maintain sufficient capacity resources (e.g., generation, demand-response, etc.) to meet peak demand requirements plus reserve margins (together referred to as a resource adequacy requirement (RAR)) 2Under traditional U.S. utility regulation, RARs are met by Load-Serving Entities (LSEs) by holding portfolios of resources (i.e., own, bilateral contracts, etc.) to meet their power system's reliability needs 3 upplementing LSE obligations, Capacity Markets are mainly a U.S. electricity market restructuring concept administered by northeastern ISOs (NYISO, ISO NE, PJM), where these markets are auctions to provide participants with signals and commitments to maintain their resources and afford more lead-time and certainty for investment in new resources with the primary goal of meeting applicable RARs at just and reasonable prices while not unduly discriminating or preferentially selecting specific resources.