Investment planning in electricity production under CO2 price uncertainty

International Journal of Production Economics

Volumn 140, Issue 2, 2012, Pages 622-629

  Rentizelas, Athanasios A ^a   Tolis, Athanasios I ^a   Tatsiopoulos, Ilias P ^a  

^a NATIONAL TECHNICAL UNIVERSITY OF ATHENS   (Greece)

Author keywords

Electricity market; Emissions market; Investment planning; Optimisation

Indexed keywords

COMMERCE; COST BENEFIT ANALYSIS; COST EFFECTIVENESS; COSTS; ELECTRIC INDUSTRY; ELECTRIC POWER GENERATION; POWER MARKETS; RENEWABLE ENERGY RESOURCES; UNCERTAINTY ANALYSIS;

ELECTRICITY GENERATION; ELECTRICITY GENERATION COST; ELECTRICITY PRODUCTION; ELECTRICITY-GENERATION SYSTEM; INVESTMENT PLANNING; OPTIMISATIONS; RENEWABLE ENERGY GENERATION; VARIOUS TECHNOLOGIES;

INVESTMENTS;

EID: 84866738550     PISSN: 09255273     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ijpe.2010.11.002     Document Type: Article

References (26)

1. K.A. Akkemik Cost function estimates, scale economies and technological progress in the Turkish electricity generation sector Energy Policy 37 1 2009 204 213
2. S. Awerbuch Portfolio-based electricity generation planning: Policy implications for renewables and energy security Mitigation and Adaptation Strategies for Global Change 11 2006 693 710
3. S. Awerbuch, and M. Berger Energy Security and Diversity in the EU: A Mean-Variance Portfolio Approach 2003 International Energy Agency Paris
4. A.J. Bagnall A multi-agent model of the UK market in electricity generation L. Bull, Applications of Learning Classifier Systems 2004 Springer-Verlag Germany 167 181
5. D. Bar-Lev, and S. Katz A portfolio approach to fossil fuel procurement in the electric utility industry Journal of Finance 31 1976 933 947
6. M. Bazilian, and F. Roques Analytic methods for energy diversity and security. Applications of Mean Variance Portfolio Theory. A tribute to Shimon Awerbuch 2008 Elsevier London
7. I. Dobos The effects of emission trading on production and inventories in the Arrow-Karlin model International Journal of Production Economics 93-94 2005 301 308
8. I. Fortin, S. Fuss, J. Hlouskova, N. Khabarov, M. Obersteiner, and J. Szolgayova An integrated CVaR and real options approach to investments in the energy sector Journal of Energy Markets 1 2008 61 85
9. M. Gökçek, and M. Genç Evaluation of electricity generation and energy cost of wind energy conversion systems (WECSs) in Central Turkey Applied Energy 86 2009 2731 2739
10. G. Heinrich, M. Howells, L. Basson, and J. Petrie Electricity supply industry modelling for multiple objectives under demand growth uncertainty Energy 32 11 2007 2210 2229
11. Y. Huang, and J. Wu A portfolio risk analysis on electricity supply planning Energy Policy 37 2 2009 744 761
12. R. Huisman, R. Mahieu, and F. Schlichter Electricity portfolio management: Optimal peak/off-peak allocations Energy Economics 31 1 2009 169 174
13. International Energy Agency, 2005. Projected Cost of Generating Electricity - 2005 Update, NEA-IEA-OECD.
14. J.O. Jaber, A. Al-Sarkhi, B.A. Akash, and M.S. Mohsen Medium-range planning economics of future electrical-power generation options Energy Policy 32 3 2004 357 366
15. V. Krey, D. Martinsen, and H.J. Wagner Effects of stochastic energy prices on long-term energy-economic scenarios Energy 32 12 2007 2340 2349
16. G. Kumbaroglu, R. Madlener, and M. Demirel A real options evaluation model for the diffusion prospects of new renewable power generation technologies Energy Economics 30 2008 1882 1908
17. R. Madlener, G. Kumbaroglu, and V. Ediger Modelling technology adoption as an irreversible investment under uncertainty: the case of the Turkish electricity supply industry Energy Economics 27 2005 39 163
18. T. McGovern, and C. Hicks Deregulation and restructuring of the global electricity supply industry and its impact upon power plant suppliers International Journal of Production Economics 89 3 2004 321 337
19. Y. Porat, R. Irith, and R. Turvey Long-run marginal electricity generation costs in Israel Energy Policy 25 4 1997 401 411
20. A. Rentizelas, and I.P. Tatsiopoulos Locating a bioenergy facility using a hybrid optimization method International Journal of Production Economics 123 1 2010 196 209
21. F.A. Roques, D.M. Newberry, and W.J. Nuttall Fuel mix diversification incentives in liberalized electricity markets: A mean-variance portfolio theory approach Energy Economics 30 2008 1831 1849
22. E. Svensson, T. Berntsson, A.B. Strömberg, and M. Patriksson An optimization methodology for identifying robust process integration investments under uncertainty Energy Policy 37 2 2009 680 685
23. A. Tolis, A. Rentizelas, and I.P. Tatsiopoulos Time-dependent opportunities in energy business: a comparative study of locally available renewable and conventional fuels Renewable & Sustainable Energy Reviews 14 2010 384 393
24. H. Turton ECLIPSE: An integrated energy-economy model for climate policy and scenario analysis Energy 33 12 2008 1754 1769
25. H. Weigt Germany's wind energy: The potential for fossil capacity replacement and cost saving Applied Energy 86 10 2009 1857 1863
26. Xia Y., Zhao Y.D., Saha T.K., 2008. Optimal portfolio selection for generators in the electricity market. Power and Energy Society General Meeting - Conversion and Delivery of Electrical Energy in the 21st Century. IEEE, 1-7.