Stochastic Modeling of Electricity Prices and the Impact on Balancing Power Investments

Stochastic Modeling of Electricity Prices and the Impact on Balancing Power Investments

Introducing more intermittent renewable energy sources in the energy system makes the role of balancing power more important. Furthermore, an increased infeed from intermittent renewable energy sources also has the effect of creating lower and more volatile electricity prices. Hence, investing in ba...

Full description

Bibliographic Details
Main Authors: Ruthberg, Richard, Wogenius, Sebastian
Format: Others
Language:English
Published: KTH, Industriell ekonomi och organisation (Inst.) 2016
Subjects:
Energy investment
investment valuation
renewable energy production
electricity price modeling
long-term
combined heat and power
CHP
balancing power
intermittent renewable energy modeling
Pilipovic model
multi-factor model
sinusoidal regression
Ornstein-Uhlenbeck estimation
electricity price duration prediction
Nord Pool
Sweden electricity market
future energy systems
phasing out nuclear power
energy policy.
Online Access:http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-192111

Internet

http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-192111

Similar Items