Pape, Christian; Woll, Oliver; Weber, Christoph - 2018
or even years ahead of operation. Such a valuation is notably required for hedging purposes. The revenue streams to be … hedging. In this context, the contribution of this article is twofold: (1) We present a novel methodology to model electricity … hedging and spot exercise revenues. The application part shows results for a state-of-the-art gas power plant. By applying the …