Security of supply market mechansims

The Substation Podcast

In the second on a series on security of supply, Tom and Emma talk about market mechanisms for insuring security of supply; how signals are sent to market participants to help keep the lights on - capacity mechansims, pricing signals, ancillary services, price controls, and retirement homes for old power stations. They ask questions such as: What are the options for designing a capacity mechanism? What is an energy only market? How does network capacity support security of supply?