implementation issues related to portfolio theory and expected utility optimisation. …

Investment in electricity networks, as regulated natural monopolies, is among the highest regulatory and energy policy … electricity sector, identifying investment drivers of power networks facilitates effective regulatory treatment of investment … under incentive regulation. This study analyses the determinants of investment in Norwegian electricity distribution …

investment incentives. We review the biases of the Pool capacity payments design, the drought of investment following the …

Merchant electricity transmission investment is a practically relevant example of an unregulated investment with … monopoly properties. However, while leaving the investment decision to the market, the regulator may decide to prohibit … the capacity choice, given three reasons for capacity withholding: uncertainty, demand growth and pre-emptive investment …

investment choices in different sectors. For this purpose, capital stock is characterised by vintages with different intensities … efficient use of these inputs by choosing more efficient technologies at the time of investment. The model is estimated for 23 …

Driven by fear of underinvestment in network assets, merchant investment in electricity transmission networks (MTI) is …

uncertainties when valuing different power generation technologies. We introduce a probabilistic valuation model of investment in …

In theory, competitive electricity markets can provide incentives for efficient investment in generating capacity. We … show that if consumers and investors are risk averse, investment is efficient only if investors in generating capacity can … investment levels, distorts technology choice towards less capital-intensive generation and reduces consumer utility. We observe …