Istota i prawne aspekty funkcjonowania rynku wtórnego dla rynku mocy
The essence and legal aspects of the functioning of a secondary market for the capacity market

Summary/Abstract: The capacity market is a system that supports the construction of new conventional power stations and reduces the negative impact of funding renewable energy sources in the energy sector. It constitutes an important element of the effective functioning of the capacity market mechanism, due to its compliance with the concept of safeguarding energy security by creating a support system for new investments in conventional energy, as adopted by the Polish legislator. The present paper is the first attempt to scientifically analyze the importance of the secondary market for the Polish capacity market. It discusses the causes for the introduction of the secondary market as well as for the determination of its essence for the capacity market. The paper covers the two most important principles of the functioning of the secondary market as well as the two types of transactions entered into on this market (secondary trading and reallocation of volume). Discussed subsequently is the effectiveness of a transaction on the secondary market. The analysis of the functioning of the secondary market for the capacity market in the UK constitutes an important section of this article. Such an approach towards this topic seems fully justified since the Polish Act on the Capacity Market is based on British regulations, while the British secondary market itself has been functioning for several years now. The whole paper ends with conclusions

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