capacity credits for wind energy in deregulated electricity markets limitations and extensions christian a nabe technische universität berlin institute of technology management division economics müller breslaustr 12 d 10623 germany tel 49 30 314 25868 fax 25582 e mail c ww tu de website www energiewirtschaft abstract the assessment value interpretation is reviewed critically it shown that market values contribution to system reliability with prices more precise way this requires ancillary services exist are based on price spike incentives given by regulator signals sent out investors customers enable adjust effectively challenge high power penetration near future additional can be provided within certificate support schemes supports both desire green as well correlation demand supply keywords 1 2 3 introduction studies have been carried since late 1970s light