Farrell, Niall; Devine, Mel; Lee, William; Gleeson, James; … - Volkswirtschaftliche Fakultät, … - 2013
This paper derives efficient pricing formulae for renewable energy Feed-in Tariff (FiT) designs that incorporate exposure to uncertain market prices by using option pricing theory. Such FiT designs are presented as a means to delineate market price risk amongst investors and policymakers when...