Valuing fuel diversification in power generation capacity planning

Deterministic capacity planning problems in electricity systems can be solved by comparing technology specific long-term and short-term marginal costs. In an uncertain market environment, Mean-Variance Portfolio (MVP) theory provides a consistent framework to balance risk and return in power generation portfolios. Focusing on fuel price risks, MVP theory can be adopted to determine the welfare efficient system generation technology mix.

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Year of publication:	2012
Authors:	Sunderkötter, Malte ; Weber, Christoph
Published in:	Energy Economics. - Elsevier, ISSN 0140-9883. - Vol. 34.2012, 5, p. 1664-1674
Publisher:	Elsevier
Subject:	Power plant investments \| Capacity planning \| Mean-Variance Portfolio theory \| Fuel mix diversification

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Type of publication:	Article
Classification:	C44 - Statistical Decision Theory; Operations Research ; G11 - Portfolio Choice ; L94 - Electric Utilities ; Q43 - Energy and the Macroeconomy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011039630