A Marginal Reliability Impact Based Accreditation Framework for Capacity Markets
Fuente:
arXiv
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| Autores principales: | , , , |
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| Formato: | Preprint |
| Publicado: |
2026
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| Materias: | |
| Acceso en línea: | |
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| _version_ | 1866910028218236928 |
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| author | Zhao, Feng Zheng, Tongxin Schiro, Dane Wang, Xiaochu |
| author_facet | Zhao, Feng Zheng, Tongxin Schiro, Dane Wang, Xiaochu |
| contents | This paper presents a Marginal Reliability Impact (MRI) based resource accreditation framework for capacity market design. Under this framework, a resource is accredited based on its marginal impact on system reliability, thus aligning the resource accreditation value with its reliability contribution. A key feature of the MRI based accreditation is that the accredited capacities supplied by different resources to the capacity market are substitutable in reliability contribution, a desired feature of homogeneous products. Moreover, with MRI based capacity demand, substitutability between supply and demand for capacity is also achieved. As a result, a capacity market with the MRI based capacity product can better characterize the underlying resource adequacy problem and lead to more efficient market outcomes. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2602_18365 |
| institution | arXiv |
| publishDate | 2026 |
| record_format | arxiv |
| spellingShingle | A Marginal Reliability Impact Based Accreditation Framework for Capacity Markets Zhao, Feng Zheng, Tongxin Schiro, Dane Wang, Xiaochu Systems and Control This paper presents a Marginal Reliability Impact (MRI) based resource accreditation framework for capacity market design. Under this framework, a resource is accredited based on its marginal impact on system reliability, thus aligning the resource accreditation value with its reliability contribution. A key feature of the MRI based accreditation is that the accredited capacities supplied by different resources to the capacity market are substitutable in reliability contribution, a desired feature of homogeneous products. Moreover, with MRI based capacity demand, substitutability between supply and demand for capacity is also achieved. As a result, a capacity market with the MRI based capacity product can better characterize the underlying resource adequacy problem and lead to more efficient market outcomes. |
| title | A Marginal Reliability Impact Based Accreditation Framework for Capacity Markets |
| topic | Systems and Control |
| url | https://arxiv.org/abs/2602.18365 |