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Volume 1, Issue 2 (Fall 2023)
J Energy Market Res 2023, 1(2): 1001-1013 |
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History
Received: 2022/10/19 | Accepted: 2022/12/1 | Published: 2022/12/1
Received: 2022/10/19 | Accepted: 2022/12/1 | Published: 2022/12/1
How to cite this article
Khalili M, Rahmati I, Ezzati S M, Heidarizadeh M. Mechanism design and SWOT study of the self-certificate of capacity market. J Energy Market Res 2023; 1 (2) :1001-1013
URL: http://ijoem.ir/article-1-32-en.html
URL: http://ijoem.ir/article-1-32-en.html
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Abstract (680 Views)
This article examines the strengths, weaknesses, opportunities and challenges facing the design of the capacity certificate market. The purpose of this article is to design the capacity certificate bond market based on electronic transactions, during which, in addition to the fact that consumers can prepare capacity certificate bonds before starting to consume electric energy, in order to conclude their contract with the network owner. investors will also be able to cover part of the fixed investment costs in the construction of the power plant by selling these bonds. Also, with the transparency of the price of these papers in the paper market and the presence of various traders in it, the market will have sufficient liquidity and the investment process in this field will accelerate and in the long run will lead to sufficient production. One of the most important strengths of promissory notes is its tradability and liquidity, which can become an opportunity to attract small capitals and use the capital of traders and not necessarily the final subscribers. Electricity consumers, who are the final buyers of capacity certificates, usually decide to supply electricity in the last stages of setting up their consumption needs. If the buyers of this market are exclusive to this group of subscribers, it will be difficult to finance the construction and operation of the power plant in the future. Therefore, if the capacity certificate market is upgraded to the predecessor market of capacity certificate bonds based on electronic transactions, in addition to having high liquidity and financing will happen quickly, the price of the cash capacity certificate will be updated and as a result, the certificate Hoarded goods are offered in the current cash market.
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