MT Schedule New Entry Capacity Mechanism

Units:	-
Default Value:	0
Validation Rule:	In (0,1,2)
Description:	Capacity payment mechanism.
Detail:

MT Schedule New Entry Capacity Mechanism applies when the New Entry Driver option is enabled. It controls whether or not new entry candidates will receive an out-of-market capacity payment or incentive to provide capacity, over and above any premium available from generation in the pool.

The setting can take these values:

None (value = 0)

No out-of-market incentives are available for capacity expansion.

Capacity Payment (value = 1)

Generators receive a capacity payment as a function of VoLL and LOLP.

Reserve Trader (value = 2)

Mirrors the system used in the Australian NEM i.e. plant that are forced to enter to meet reliability standards have their capacity bid at VoLL.