Solutions for the Resource Adequacy Issue in Alberta: Capacity Market, Scarcity Pricing, or Single Buyer Model

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dc.contributor.advisorHollis, Aidan
dc.contributor.authorBao, Tianjiao
dc.contributor.committeememberChurch, Jeffrey
dc.contributor.committeememberWalls, W. David
dc.date2018-06
dc.date.accessioned2018-05-01T19:18:24Z
dc.date.available2018-05-01T19:18:24Z
dc.date.issued2018-04-30
dc.description.abstractThis thesis focuses on possible solutions to resolve the resource adequacy issue in an energy-only market with a low price cap. Many reasons lead to resource inadequacy, including demand flaws, the missing money problem, poor coordination by investors, and penetration of renewables. In order to ensure resource adequacy in the long run, the energy-only market requires a new market mechanism to incentivize investors to create more new capacity. The thesis mainly analyzes three possible solutions: a capacity market, increase of the price cap up to the value of lost load (VOLL) in the energy-only market (Scarcity Pricing), and a single buyer model.en_US
dc.identifier.citationBao, T. (2018). Solutions for the Resource Adequacy Issue in Alberta: Capacity Market, Scarcity Pricing, or Single Buyer Model (Master's thesis, University of Calgary, Calgary, Canada). Retrieved from https://prism.ucalgary.ca. doi:10.11575/PRISM/31868en_US
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/31868
dc.identifier.urihttp://hdl.handle.net/1880/106582
dc.language.isoeng
dc.publisher.facultyArts
dc.publisher.facultyGraduate Studies
dc.publisher.institutionUniversity of Calgaryen
dc.publisher.placeCalgaryen
dc.rightsUniversity of Calgary graduate students retain copyright ownership and moral rights for their thesis. You may use this material in any way that is permitted by the Copyright Act or through licensing that has been assigned to the document. For uses that are not allowable under copyright legislation or licensing, you are required to seek permission.
dc.subjectEnergy-only market
dc.subjectCapacity market
dc.subjectScarcity pricing
dc.subjectResource adequacy
dc.subjectSingle buyer model
dc.subject.classificationEconomicsen_US
dc.subject.classificationElectricity and Magnetismen_US
dc.subject.classificationEnergyen_US
dc.titleSolutions for the Resource Adequacy Issue in Alberta: Capacity Market, Scarcity Pricing, or Single Buyer Model
dc.typemaster thesis
thesis.degree.disciplineEconomics
thesis.degree.grantorUniversity of Calgary
thesis.degree.nameMaster of Arts (MA)
ucalgary.item.requestcopytrue
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