Business decision-making of power generators in competitive electricity market

This paper presents a theoretical framework for the business decision-making process of the power generators as price takers when considering the participation of energy storage. The framework assesses rational valuation, optimal sales strategies, and hedging options for power plants with and withou...

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Bibliographic Details

Published in:	Heliyon
Main Authors:	Lingjie Shao, Tingting Chen, Jingjing Zhu, Mengsi Li, Yiming He, Haiting Lin
Format:	Article
Language:	English
Published:	Elsevier 2024-01-01
Subjects:	Power plant valuation Optimal power sales strategy Risk hedging Trinomial tree Dynamic programming principle
Online Access:	http://www.sciencedirect.com/science/article/pii/S2405844024000185