US power markets (capacity) credit report: Why new reforms will lower capacity accreditation

In recent years, capacity accreditation has become one of the most dynamic, rapidly changing issues in the US power sector, with many power markets planning major reforms. This insight provides an overview of current approaches and challenges for capacity accreditation in major US power markets, direction of accreditation reform, and expected impacts. The research will help clients understand what is motivating markets to update their approaches to capacity accreditation, how and why accreditation will decrease for most technologies due to reforms, and the consequences for resource adequacy and capacity markets.