A capacity market pays resources for being available to produce (or to reduce consumption) in future periods of system stress, through auctions held years ahead, with penalties if they fail to deliver. An ancillary service is a service other than energy that the grid operator buys to keep the system secure: frequency reserves that respond in seconds to minutes, voltage support, and the ability to restart the grid after a blackout.
Quantitative Finance · Glosario
¿Qué es Capacity market, ancillary service?
También llamado: capacity market · ancillary service