evaluate the associated model risk, and show not only that the valuation is strongly dependent upon the dynamics of the spot … significant residual price risk. …

-Variance Portfolio (MVP) theory provides a consistent framework to valuate financial risks in power generation portfolios that allows to … peak-load pricing and MVP theory to derive optimal portfolios consisting of an arbitrary number of plant technologies given … understanding of the optimal investment policy and its risk characteristics compared to existing numerical methods. Furthermore, we …