An Electricity Market Model with Generation Capacity Investment under Uncertainty

This article presents an electricity dispatch model with endogenous electricity generation capacity expansion for Germany over the horizon 2035. The target is to quantify how fuel price uncertainty impacts investment incentives of thermal power plants. Results point to ndings which are in line with general theory: Accounting for stochasticity increases investment levels overall and the investment portfolio tends to be more diverse.

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Year of publication:	2012
Authors:	Schröder, Andreas
Publisher:	ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft

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Series:	Beiträge zur Jahrestagung des Vereins für Socialpolitik 2012: Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jahrhunderts - Session: Energy Markets ; F06-V1
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Conference Paper
Language:	German
Other identifiers:	730539342 [GVK] hdl:10419/62068 [Handle] RePEc:zbw:vfsc12:62068 [RePEc]
Classification:	C63 - Computational Techniques ; L13 - Oligopoly and Other Imperfect Markets ; L94 - Electric Utilities
Source:	EconStor

Persistent link: https://www.econbiz.de/10010310703