Collaborative Research: Amps: Optimal Design And Implementation Of Capacity Markets Under Market Failure Using Bilevel Financial…

Purpose

National Science Foundation awarded $304K to The Research Foundation For The State University Of New York for Collaborative research: amps: optimal design and implementation of capacity markets under market failure using bilevel financial market models -this project addresses the critical issue of determining the best way to incentivize electricity producers to build sufficient power plant capacity to keep the electrical grid resilient, reliable and sustainable, all this while satisfying consumers. the goal is to provide regulators with tools to promote beneficial portfolios of battery storage and electricity production technologies, while also accounting for risks, transmission limitations and unpredictable events. other outcomes of this project are expected to include development of new classes on electricity markets, support of new graduate students…