Risk-return incentives in liberalised electricity markets
Risk-return incentives in liberalised electricity markets / Richard S.J. Tol, Muireann Lynch, Aonghus Shortt & Mark O’Malley. Department of Economics. University of Sussex, 2012, 17 p. (Economics Department Working Paper Series No. 40-2012)
http://www.sussex.ac.uk/economics/documents/wps-40-2012-tol.pdf
Abstract :
We employ Monte Carlo analysis to determine the distribution of returns for various electricity generation technologies. Costs and revenues for each technology are arrived by means of a sophisticated unit commitment and economic dispatch algorithm. The results show that small amounts of coal investment along with high investment in advanced CCGT can reduce the risk of baseload-only portfolios, while flexible generation technologies appear on the efficient frontier when all technology types are considered. Diversification incentives regarding operational considerations dominate over incentives to diversify between fuel types.
OpenEdition vous propose de citer ce billet de la manière suivante :
Danièle Revel (24 mai 2013). Risk-return incentives in liberalised electricity markets. Veille énergie climat. Consulté le 13 décembre 2024 à l’adresse https://doi.org/10.58079/oadc
