Fraunholz, Christoph; Miskiw, Kim K.; Kraft, Emil; … - 2021
typically show a high degree of risk aversion, which is the main argument for capacity mechanisms being implemented around the …-based electricity market model PowerACE to account for long-term uncertainties. This allows us to model capacity expansion planning from … leads to slightly reduced investments in dispatchable capacity, higher wholesale electricity prices, and reduced levels of …