Strategic Power Plant Investment Planning Under Fuel and Carbon Price Uncertainty

Strategic Power Plant Investment Planning Under Fuel and Carbon Price Uncertainty

Author: Ansgar Geiger

Publisher: KIT Scientific Publishing

Published: 2014-08-20

Total Pages: 338

ISBN-13: 3866446330

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The profitability of power plant investments depends strongly on uncertain fuel and carbon prices. In this doctoral thesis, we combine fundamental electricity market models with stochastic dynamic programming to evaluate power plant investments under uncertainty. The application of interpolation-based stochastic dynamic programming and approximate dynamic programming allows us to consider a greater variety of stochastic fuel and carbon price scenarios compared to other approaches.


Book Synopsis Strategic Power Plant Investment Planning Under Fuel and Carbon Price Uncertainty by : Ansgar Geiger

Download or read book Strategic Power Plant Investment Planning Under Fuel and Carbon Price Uncertainty written by Ansgar Geiger and published by KIT Scientific Publishing. This book was released on 2014-08-20 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: The profitability of power plant investments depends strongly on uncertain fuel and carbon prices. In this doctoral thesis, we combine fundamental electricity market models with stochastic dynamic programming to evaluate power plant investments under uncertainty. The application of interpolation-based stochastic dynamic programming and approximate dynamic programming allows us to consider a greater variety of stochastic fuel and carbon price scenarios compared to other approaches.


Strategic Power Plant Investment Planning Under Fuel and Carbon Price Uncertainty

Strategic Power Plant Investment Planning Under Fuel and Carbon Price Uncertainty

Author: Ansgar Geiger

Publisher:

Published: 2011

Total Pages: 0

ISBN-13:

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Book Synopsis Strategic Power Plant Investment Planning Under Fuel and Carbon Price Uncertainty by : Ansgar Geiger

Download or read book Strategic Power Plant Investment Planning Under Fuel and Carbon Price Uncertainty written by Ansgar Geiger and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Climate Policy Uncertainty and Investment Risk

Climate Policy Uncertainty and Investment Risk

Author: William Blyth

Publisher: OECD Publishing

Published: 2007

Total Pages: 152

ISBN-13:

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This publication examines how uncertainty in climate change policy may affect investment behaviour in the power sector and how the costs of transition to a low-carbon economy may be addressed. For power companies, where capital stock is intensive and long-lived, those risks rank among the biggest and can create an incentive to delay investment. The analysis show that the risk premiums of climate change uncertainty can add 40 per cent of construction costs of the plant for power investors, and 10 per cent of price surcharges for the electricity end-users. It also looks at the sensitivity of different power sector investment decisions to different risks and considers the implications for policy development and design.


Book Synopsis Climate Policy Uncertainty and Investment Risk by : William Blyth

Download or read book Climate Policy Uncertainty and Investment Risk written by William Blyth and published by OECD Publishing. This book was released on 2007 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication examines how uncertainty in climate change policy may affect investment behaviour in the power sector and how the costs of transition to a low-carbon economy may be addressed. For power companies, where capital stock is intensive and long-lived, those risks rank among the biggest and can create an incentive to delay investment. The analysis show that the risk premiums of climate change uncertainty can add 40 per cent of construction costs of the plant for power investors, and 10 per cent of price surcharges for the electricity end-users. It also looks at the sensitivity of different power sector investment decisions to different risks and considers the implications for policy development and design.


Control, operation and trading strategies of intermittent renewable energy in smart grids

Control, operation and trading strategies of intermittent renewable energy in smart grids

Author: Dongliang Xiao

Publisher: Frontiers Media SA

Published: 2023-04-17

Total Pages: 552

ISBN-13: 2832520936

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Book Synopsis Control, operation and trading strategies of intermittent renewable energy in smart grids by : Dongliang Xiao

Download or read book Control, operation and trading strategies of intermittent renewable energy in smart grids written by Dongliang Xiao and published by Frontiers Media SA. This book was released on 2023-04-17 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control (PMF2022)

Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control (PMF2022)

Author: Yusheng Xue

Publisher: Springer Nature

Published: 2023-02-28

Total Pages: 884

ISBN-13: 9819900638

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This book includes original, peer-reviewed research papers from the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control(PMF2022), held in Nanjing, China, on August 14-15, 2022. The accepted papers cover the following topics: 1. Advanced power transmission technology2. AC/DC hybrid power grid technology3. Power Internet of Things Technology and Application4. Operation, control and protection of smart grid5. Active distribution network technology6. Power electronic technology and application7. New technology of substation automation8. Energy storage technology and application9. Application of new technologies such as artificial intelligence, blockchain, and big data10. Application of Information and Communication Technology11. Low-carbon energy planning and security12. Low-carbon operation of the power system13. Low-carbon energy comprehensive utilization technology14. Carbon trading and power market15. Carbon emission stream and carbon capture technology16. Energy saving and smart energy technology17. Analysis and evaluation of low-carbon efficiency of power system18. Carbon flow modelling in power system operationThe papers included in this proceeding share the latest research results and practical application examples on the methodologies and algorithms in these areas, which makes the book a valuable reference for researchers, engineers, and university students.


Book Synopsis Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control (PMF2022) by : Yusheng Xue

Download or read book Proceedings of the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control (PMF2022) written by Yusheng Xue and published by Springer Nature. This book was released on 2023-02-28 with total page 884 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book includes original, peer-reviewed research papers from the 7th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control(PMF2022), held in Nanjing, China, on August 14-15, 2022. The accepted papers cover the following topics: 1. Advanced power transmission technology2. AC/DC hybrid power grid technology3. Power Internet of Things Technology and Application4. Operation, control and protection of smart grid5. Active distribution network technology6. Power electronic technology and application7. New technology of substation automation8. Energy storage technology and application9. Application of new technologies such as artificial intelligence, blockchain, and big data10. Application of Information and Communication Technology11. Low-carbon energy planning and security12. Low-carbon operation of the power system13. Low-carbon energy comprehensive utilization technology14. Carbon trading and power market15. Carbon emission stream and carbon capture technology16. Energy saving and smart energy technology17. Analysis and evaluation of low-carbon efficiency of power system18. Carbon flow modelling in power system operationThe papers included in this proceeding share the latest research results and practical application examples on the methodologies and algorithms in these areas, which makes the book a valuable reference for researchers, engineers, and university students.


Emissions Trading as a Policy Instrument

Emissions Trading as a Policy Instrument

Author: Marc Gronwald

Publisher: MIT Press

Published: 2015-07-10

Total Pages: 299

ISBN-13: 0262029286

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Emissions trading schemes figure prominently among policy instruments used to tackle the problem of climate change, and the European Union Emissions Trading Scheme (EU ETS), begun in 2005, is the largest cap-and-trade market so far established. In the EU ETS, firms regulated by the scheme are provided with emissions allowances (each a one-time right to emit one ton of greenhouse gases) and can sell their unused allowances to firms that have higher rates of emissions. In this volume, leading economists offer empirical and theoretical perspectives on the early phases of the EU ETS implementation. The contributors discuss the features of the EU ETS market; and regulatory uncertainty stemming from rule changes; the political economy context of the trading scheme, including allowance allocation and the influence of lobbying on abatement decisions; the coexistence of such overlapping instruments for climate policy as pricing and taxation; the relationship between spot and futures markets for allowances, and firms' responses to various features of the EU ETS, including fluctuating allowance prices, free allocation, and links to the Kyoto process. They show that, although the basic theory behind emissions permit markets is straightforward, design features, market structure, and interactions with other policy instruments can influence the efficiency of the scheme.--


Book Synopsis Emissions Trading as a Policy Instrument by : Marc Gronwald

Download or read book Emissions Trading as a Policy Instrument written by Marc Gronwald and published by MIT Press. This book was released on 2015-07-10 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emissions trading schemes figure prominently among policy instruments used to tackle the problem of climate change, and the European Union Emissions Trading Scheme (EU ETS), begun in 2005, is the largest cap-and-trade market so far established. In the EU ETS, firms regulated by the scheme are provided with emissions allowances (each a one-time right to emit one ton of greenhouse gases) and can sell their unused allowances to firms that have higher rates of emissions. In this volume, leading economists offer empirical and theoretical perspectives on the early phases of the EU ETS implementation. The contributors discuss the features of the EU ETS market; and regulatory uncertainty stemming from rule changes; the political economy context of the trading scheme, including allowance allocation and the influence of lobbying on abatement decisions; the coexistence of such overlapping instruments for climate policy as pricing and taxation; the relationship between spot and futures markets for allowances, and firms' responses to various features of the EU ETS, including fluctuating allowance prices, free allocation, and links to the Kyoto process. They show that, although the basic theory behind emissions permit markets is straightforward, design features, market structure, and interactions with other policy instruments can influence the efficiency of the scheme.--


Understanding Risks and Uncertainties in Energy and Climate Policy

Understanding Risks and Uncertainties in Energy and Climate Policy

Author: Haris Doukas

Publisher: Springer

Published: 2018-12-10

Total Pages: 271

ISBN-13: 3030031527

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This open access book analyzes and seeks to consolidate the use of robust quantitative tools and qualitative methods for the design and assessment of energy and climate policies. In particular, it examines energy and climate policy performance and associated risks, as well as public acceptance and portfolio analysis in climate policy, and presents methods for evaluating the costs and benefits of flexible policy implementation as well as new framings for business and market actors. In turn, it discusses the development of alternative policy pathways and the identification of optimal switching points, drawing on concrete examples to do so. Lastly, it discusses climate change mitigation policies’ implications for the agricultural, food, building, transportation, service and manufacturing sectors.


Book Synopsis Understanding Risks and Uncertainties in Energy and Climate Policy by : Haris Doukas

Download or read book Understanding Risks and Uncertainties in Energy and Climate Policy written by Haris Doukas and published by Springer. This book was released on 2018-12-10 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book analyzes and seeks to consolidate the use of robust quantitative tools and qualitative methods for the design and assessment of energy and climate policies. In particular, it examines energy and climate policy performance and associated risks, as well as public acceptance and portfolio analysis in climate policy, and presents methods for evaluating the costs and benefits of flexible policy implementation as well as new framings for business and market actors. In turn, it discusses the development of alternative policy pathways and the identification of optimal switching points, drawing on concrete examples to do so. Lastly, it discusses climate change mitigation policies’ implications for the agricultural, food, building, transportation, service and manufacturing sectors.


Fossil Energy Update

Fossil Energy Update

Author:

Publisher:

Published: 1986

Total Pages: 936

ISBN-13:

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Book Synopsis Fossil Energy Update by :

Download or read book Fossil Energy Update written by and published by . This book was released on 1986 with total page 936 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Planning our electric future

Planning our electric future

Author: Great Britain: Department of Energy and Climate Change

Publisher: The Stationery Office

Published: 2011-07-12

Total Pages: 244

ISBN-13: 9780101809924

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This white paper sets the Government's proposals for reform of the UK's electricity system to ensure that the UK electricity supply is secure, low-carbon and affordable. This is especially crucial as we face a number of unprecedented challenges in the coming decades including the threat to security of supply as existing plant closes; the necessity to decarbonise electricity generation; the likelihood for a rise in electricity demand and electricity prices are also expected to rise. Broadly the strategy's approach consists of four parts: long term contracts for both low-carbon energy and capacity; institutional arrangements to support this contracting approach; continued grandfathering, supporting the principle of no retrospective change to low-carbon policy incentives, within a clear and rational planning cycle; and ensuring a liquid market that allows existing energy companies and new entrants to compete on fair terms


Book Synopsis Planning our electric future by : Great Britain: Department of Energy and Climate Change

Download or read book Planning our electric future written by Great Britain: Department of Energy and Climate Change and published by The Stationery Office. This book was released on 2011-07-12 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This white paper sets the Government's proposals for reform of the UK's electricity system to ensure that the UK electricity supply is secure, low-carbon and affordable. This is especially crucial as we face a number of unprecedented challenges in the coming decades including the threat to security of supply as existing plant closes; the necessity to decarbonise electricity generation; the likelihood for a rise in electricity demand and electricity prices are also expected to rise. Broadly the strategy's approach consists of four parts: long term contracts for both low-carbon energy and capacity; institutional arrangements to support this contracting approach; continued grandfathering, supporting the principle of no retrospective change to low-carbon policy incentives, within a clear and rational planning cycle; and ensuring a liquid market that allows existing energy companies and new entrants to compete on fair terms


EPA's Carbon Plan

EPA's Carbon Plan

Author: United States. Congress. House. Committee on Science, Space, and Technology (2011)

Publisher:

Published: 2015

Total Pages: 312

ISBN-13:

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Book Synopsis EPA's Carbon Plan by : United States. Congress. House. Committee on Science, Space, and Technology (2011)

Download or read book EPA's Carbon Plan written by United States. Congress. House. Committee on Science, Space, and Technology (2011) and published by . This book was released on 2015 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: