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
Institutions:	Verein für Socialpolitik - VfS

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Extent:	application/pdf
Series:	Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century.
Type of publication:	Book / Working Paper
Classification:	C63 - Computational Techniques ; L13 - Oligopoly and Other Imperfect Markets ; L94 - Electric Utilities
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010982142