Peak Load and Capacity Pricing

Chris Harris is Honorary Fellow in Energy Policy at Exeter University, UK, following a period as Visiting Professor in Sustainable Power Distribution at Bath University, UK. He is Head of Regulation at RWE npower, with previous roles including heads of internal markets, asset optimization and asset management. He has PhDs in fracture mechanics and regulatory economics.

1. Introduction 2. The Modeling Framework 3. The Framework and Development of Peak Load Pricing 4. Relaxing the Hard Capacity Constraint 5. Modeling Capacity Using Derivatives 6. Capacity Mechanisms 7. The Power Complex 8. Final comments