Download Analytical Methods for Energy Diversity and Security: by Morgan Bazilian, Fabien Roques PDF

By Morgan Bazilian, Fabien Roques

This is often an awesome quantity for pros in academia, and govt drawn to the speedily evolving region on the nexus among power and weather swap coverage. The state of the art overseas contributions let for a large assurance of the subject. strength range and protection makes a speciality of the dignity of monetary danger within the strength zone. It describes how instruments borrowed from monetary financial concept, particularly mean-variance portfolio thought, delivers insights at the charges and merits of range, and therefore tell funding determination making in stipulations of uncertainty. It offers the reader an in-depth knowing of the way to control danger at a time whilst the world's concentration is in this sector. The publication offers insights from major specialists within the zone of power safeguard. It provides readers considerable, rigorous research and tips at a serious time in dealing with the dual demanding situations of strength safety and weather switch. The booklet additionally highlights the function of fresh strength know-how in relocating in the direction of destiny varied and clever electrical energy platforms. it is going to be a relied on, first element of reference for decision-makers within the box of strength policy.The publication contains a foreword via the 2007 Nobel Peace Prize winner. All royalties from sale of this publication should be donated to charities operating within the strength quarter within the constructing international. . Theoretical underpinning and utilized use of Portfolio thought within the strength region. In-depth attention of danger. Contributions from top foreign power economists. leading edge methodologies for considering strength safety and variety

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Read Online or Download Analytical Methods for Energy Diversity and Security: Portfolio Optimization in the Energy Sector: A Tribute to the work of Dr. Shimon Awerbuch (Elsevier Global Energy Policy and Economics Series) PDF

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Extra resources for Analytical Methods for Energy Diversity and Security: Portfolio Optimization in the Energy Sector: A Tribute to the work of Dr. Shimon Awerbuch (Elsevier Global Energy Policy and Economics Series)

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Davis and Owens (2003) use a similar real options approach to estimate the value of the US renewable electric technologies R&D program in the face of uncertain fossil fuel prices. 17 While these two models’ estimates of renewable technologies option value are sensitive to the selected parameters values, which are subject to debate, the results of Davis and Owens (2003) and Siddiqui et al. (2007) demonstrate that renewable technologies hold a significant amount of value that cannot be detected by using traditional static valuation techniques.

Conversely, the importance of heavy fuel oil and light fuel oil to determine the price level paid under long-term contracts is much higher in Western Europe (over 80% of indexation) and Eastern Europe (around 95% of indexation) than in the UK (around 30% of indexation). Even in North America and Britain, where most contracts no longer include any formal links to oil prices, gas prices tend to move in line with oil prices because of fuel switching by industrial end-users and power plants (IEA, 2006).

And Markowitz, H. (2002). The legacy of modern portfolio theory. Journal of Investing, Institutional Investor (Fall), 7–22. Frayer, J. and Uludere, N. (2001). What is it worth? Application of real options theory to the valuation of generation assets. The Electricity Journal, 14(October), 40–51. Gately, D. and Huntingdon, H. (2002). The asymmetric effects of changes in price and income on energy and oil demand. The Energy Journal, 23(1). , Thais, F. and Walgenwitz, G. (2005). Choice of nuclear power investments under price uncertainty: valuing modularity.

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