Are energy-only markets like the NEM actually more effective at delivering flexible capacity than US-style capacity markets? We hear lots of concern about capacity shortfalls, but capacity is what volatile NEM price signals clearly *can* deliver. New bulk energy supply seems much, much harder!
Reposted from Energy Institute
New Energy Institute Blog Post: Remember When Capacity Markets Were the Solution to Missing Money? - by Jim Bushnell

energyathaas.wordpress.com/2025/02/18/r...

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