Abadie, Luis M.; Gómez, Chamorro; Manuel, José - Departamento de Fundamentos del Análisis Económico I, … - 2008
-constrained environment, coal plants face financial risks arising in their profit margins, which in turn hinge on their so-called "clean dark … profile of coal-based electricity generation. We focus on the clean dark spread in both time periods under different future … future paths of the allowance price may impose significant risks on the clean dark spread obtained by coal plants. …