Optimum Investment Strategy In The Power Industry

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Optimum Investment Strategy in the Power Industry

Author : Ryszard Bartnik
Publisher : Springer
ISBN 13 : 3319318721
Total Pages : 76 pages
Book Rating : 4.3/5 (193 download)

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Book Synopsis Optimum Investment Strategy in the Power Industry by : Ryszard Bartnik

Download or read book Optimum Investment Strategy in the Power Industry written by Ryszard Bartnik and published by Springer. This book was released on 2016-04-07 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an innovative methodology for identifying optimum investment strategies in the power industry. To do so, it examines results including, among others, the impact of oxy-fuel technology on CO2 emissions prices, and the specific cost of electricity production. The technical and economic analysis presented here extend the available knowledge in the field of investment optimization in energy engineering, while also enabling investors to make decisions involving its application. Individual chapters explore the potential impacts of different factors like environmental charges on costs connected with investments in the power sector, as well as discussing the available technologies for heat and power generation. The book offers a valuable resource for researchers, market analysts, decision makers, power engineers and students alike.

Investment Strategy in Heating and CHP

Author : Ryszard Bartnik
Publisher : Springer
ISBN 13 : 3319610244
Total Pages : 105 pages
Book Rating : 4.3/5 (196 download)

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Book Synopsis Investment Strategy in Heating and CHP by : Ryszard Bartnik

Download or read book Investment Strategy in Heating and CHP written by Ryszard Bartnik and published by Springer. This book was released on 2017-07-18 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a methodology for developing an optimum investment strategy in the heating and combined heat and power (CHP) industry. It demonstrates how to apply mathematical models to the analysis of heat and electricity source operation from technical and economic perspectives. It also allows readers to ascertain the economic effectiveness of modernizing an existing CHP plant. The mathematical models presented are designed to recognize identity profits in continuous time so that they can be better predicted. The authors examine the operational costs of a CHP plant and the impact of factors, such as environmental costs, associated with investment in the heating and CHP sector to enable readers to select the most appropriate technologies. It presents a state-of-the-art technical and economic analysis to enhance readers’ understanding of investment in and optimization of heating and CHP, and provides practical guidance for investors’ decision-making. The book is a valuable source of information, making it ideal for financial analysts and power engineers. Thanks to its in-depth analysis of mathematical methods, it is also suitable for students and researchers with an interest in investment strategy.

Optimal Investment Strategies in Decentralized Renewable Power Generation Under Uncertainty

Author : Stein-Erik Fleten
Publisher :
ISBN 13 :
Total Pages : 13 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Optimal Investment Strategies in Decentralized Renewable Power Generation Under Uncertainty by : Stein-Erik Fleten

Download or read book Optimal Investment Strategies in Decentralized Renewable Power Generation Under Uncertainty written by Stein-Erik Fleten and published by . This book was released on 2012 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a method for evaluation of investments in decentralized renewable power generation under price uncertainty. The analysis is applicable for a building owner with an electricity load and a renewable resource that can be utilized for power generation. The owner of the building has a deferrable opportunity to invest in one local power generating unit, with the objective to maximize the profits from the opportunity. Renewable electricity generation can serve local load when generation and load coincide in time, and surplus power can be exported to the grid. The problem is to find the price intervals and the capacity of the generator at which to invest. Results from a case with wind power generation for an office building suggests it is optimal to wait for higher prices than the net present value break-even price under price uncertainty, and that capacity choice can depend on the current market price and the price volatility. With low price volatility there can be more than one investment price interval for different units with intermediate waiting regions between them. High price volatility increases the value of the investment opportunity, and therefore, makes it more attractive to postpone investment until larger units are profitable.

Fisher Investments on Utilities

Author : Fisher Investments
Publisher : John Wiley & Sons
ISBN 13 : 0470642122
Total Pages : 247 pages
Book Rating : 4.4/5 (76 download)

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Book Synopsis Fisher Investments on Utilities by : Fisher Investments

Download or read book Fisher Investments on Utilities written by Fisher Investments and published by John Wiley & Sons. This book was released on 2011-03-08 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fisher Investments On series is designed to provide individual investors, students, and aspiring investment professionals the tools necessary to understand and analyze investment opportunities—primarily for investing in global stocks. Each guide is an easily accessible primer to economic sectors, regions, or other components of the global stock market. While this guide is specifically on Utilities, the basic investment methodology is applicable for analyzing any global sector, regardless of the current macroeconomic environment. Following a top-down approach to investing, Fisher Investments on Utilities can help you make more informed decisions within the Utilities sector. It skillfully addresses how to determine optimal times to invest in Utilities stocks and which Utilities industries have the potential to perform well in various environments. Divided into three comprehensive parts—Getting Started, Utilities Details, and Thinking Like a Portfolio Manager—Fisher Investments on Utilities: Explains some of the sector’s key macro drivers—like regulation, economic cycles, and investor sentiment Shows how to capitalize on a wide array of macro conditions and industry-specific features to help you form an opinion on each of the industries within the sector Takes you through the major components of the industries within the global Utilities sector and reveals how they operate Offers investment strategies to help you determine when and how to overweight specific industries within the sector Outlines a five-step process to help differentiate firms in this field—designed to help you identify ones with the greatest probability of outperforming Filled with in-depth insights, Fisher Investments on Utilities provides a framework for understanding this sector and its industries to help you make better investment decisions—now and in the future. With this book as your guide, you can gain a global perspective of the Utilities sector and discover strategies to help achieve your investing goals.

Optimal Investment Planning for Electric Power Generation

Author : Francis Noonan
Publisher :
ISBN 13 :
Total Pages : 140 pages
Book Rating : 4.:/5 (43 download)

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Book Synopsis Optimal Investment Planning for Electric Power Generation by : Francis Noonan

Download or read book Optimal Investment Planning for Electric Power Generation written by Francis Noonan and published by . This book was released on 1973 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Optimal Power Generation Investment

Author : Wilko Rohlfs
Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Optimal Power Generation Investment by : Wilko Rohlfs

Download or read book Optimal Power Generation Investment written by Wilko Rohlfs and published by . This book was released on 2013 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Investment in Electricity Generation and Transmission

Author : Antonio J. Conejo
Publisher : Springer
ISBN 13 : 3319295012
Total Pages : 389 pages
Book Rating : 4.3/5 (192 download)

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Book Synopsis Investment in Electricity Generation and Transmission by : Antonio J. Conejo

Download or read book Investment in Electricity Generation and Transmission written by Antonio J. Conejo and published by Springer. This book was released on 2016-06-10 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an in-depth analysis of investment problems pertaining to electric energy infrastructure, including both generation and transmission facilities. The analysis encompasses decision-making tools for expansion planning, reinforcement, and the selection and timing of investment options. In this regard, the book provides an up-to-date description of analytical tools to address challenging investment questions such as: How can we expand and/or reinforce our aging electricity transmission infrastructure? How can we expand the transmission network of a given region to integrate significant amounts of renewable generation? How can we expand generation facilities to achieve a low-carbon electricity production system? How can we expand the generation system while ensuring appropriate levels of flexibility to accommodate both demand-related and production-related uncertainties? How can we choose among alternative production facilities? What is the right time to invest in a given production or transmission facility? Written in a tutorial style and modular format, the book includes a wealth of illustrative examples to facilitate comprehension. It is intended for advanced undergraduate and graduate students in the fields of electric energy systems, operations research, management science, and economics. Practitioners in the electric energy sector will also benefit from the concepts and techniques presented here.

Optimal Investment and Marketing Strategies

Author : Ilona Murynets
Publisher : World Scientific
ISBN 13 : 9814383260
Total Pages : 88 pages
Book Rating : 4.8/5 (143 download)

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Book Synopsis Optimal Investment and Marketing Strategies by : Ilona Murynets

Download or read book Optimal Investment and Marketing Strategies written by Ilona Murynets and published by World Scientific. This book was released on 2012 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decade, innovative technologies have resulted in an extensive growth of new services. Each new service requires a number of management and marketing decisions to be made well in advance of its launch and throughout its entire life cycle. This book develops mathematical models to facilitate decision-making dealing with technologically innovative services. Specifically, it develops (i) models for optimal pricing strategies of subscription services on monopolistic and duopolistic markets; (ii) an analytical model for optimal investment and optimal pricing strategies for innovative maintenance service contracts; and (iii) a model for targeting customers in marketing campaigns. In addition, the models (i) (iii) can also be used to forecast an aggregate demand for a new service as well as the service demand for each individual customer.

Technology Investment Decisions Under Uncertainty

Author : Nidhi Santen
Publisher :
ISBN 13 :
Total Pages : 315 pages
Book Rating : 4.:/5 (898 download)

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Book Synopsis Technology Investment Decisions Under Uncertainty by : Nidhi Santen

Download or read book Technology Investment Decisions Under Uncertainty written by Nidhi Santen and published by . This book was released on 2013 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effectively balancing existing technology adoption and new technology development is critical for successfully managing carbon dioxide (CO2) emissions from the fossil-dominated electric power generation sector. The long infrastructure lifetimes of power plant investments mean that deployment decisions made today will influence carbon dioxide emissions long into the future. New technology development and R&D decisions can help reduce the overall costs of reducing emissions, but there are multiple technology investments to choose from, and returns to R&D are inherently uncertain. These features of the technology "deployment versus development" question create unique challenges for decision makers charged with managing cumulative carbon dioxide emissions from the electricity sector. Unfortunately, current quantitative decision support tools ultimately lack one or more of three overarching features jointly necessary to provide useful insights about an optimal balance between R&D program and power plant investments. They lack (1) resolution of the critical structure of the electricity sector, (2) an explicit endogenous representation of the effects of learning-by-searching technological change, and/or (3) an efficient decision-analytic framework to explore multiple technology investment options under uncertainty in the returns to R&D. This dissertation presents a new quantitative decision support framework that allows for the study of socially optimal R&D and capital investment decisions for the power generation sector. Through a novel integration of classical electricity generation investment planning methods, economic modeling of endogenous R&D-driven technological change, and emerging numerical stochastic optimization techniques, the new framework (1) explicitly accounts for the complementary roles that generating technologies play within the electric power system, (2) considers the characteristics of the uncertainty in the technology innovation process, and (3) identifies flexible, adaptive R&D investment strategies for multiple technologies for decision makers to consider. A series of numerical experiments with the new model reveal that (1) the optimal near-term R&D investment strategy under technological change uncertainty and adapting between decisions can be different than the optimal strategy assuming perfect foresight, and may be higher or lower; (2) the timing that a technology should be deployed to meet a specific carbon target dictates the direction and magnitude of the difference in these decisions; (3) increasing the level of uncertainty tends to increase near-term R&D investments; and (4) increasing right-skewness of the uncertainty (i.e., decreasing the likelihood of higher than average returns), reduces R&D spending throughout the planning horizon.

Long Term Infrastructure Investments Under Uncertainty in the Electric Power Sector Using Approximate Dynamic Programming Techniques

Download Long Term Infrastructure Investments Under Uncertainty in the Electric Power Sector Using Approximate Dynamic Programming Techniques PDF Online Free

Author : Michael Seelhof
Publisher :
ISBN 13 :
Total Pages : 183 pages
Book Rating : 4.:/5 (891 download)

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Book Synopsis Long Term Infrastructure Investments Under Uncertainty in the Electric Power Sector Using Approximate Dynamic Programming Techniques by : Michael Seelhof

Download or read book Long Term Infrastructure Investments Under Uncertainty in the Electric Power Sector Using Approximate Dynamic Programming Techniques written by Michael Seelhof and published by . This book was released on 2014 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: A computer model was developed to find optimal long-term investment strategies for the electric power sector under uncertainty with respect to future regulatory regimes and market conditions. The model is based on a multi-stage problem formulation and uses approximate dynamic programming techniques to find an optimal solution. The model was tested under various scenarios. The model results were analyzed with regards to the optimal first-stage investment decision, the final technology mix, total costs, the cost of ignoring uncertainty and the cost of regulatory uncertainty.

Investing in Energy

Author : Gianna Bern
Publisher : John Wiley & Sons
ISBN 13 : 1118128389
Total Pages : 240 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Investing in Energy by : Gianna Bern

Download or read book Investing in Energy written by Gianna Bern and published by John Wiley & Sons. This book was released on 2011-05-18 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: An energy industry researcher and investment advisor provides a fresh perspective on the economics of energy From major players in the energy industry, such as big oil, to the emerging cap-and-trade market, no other book offers a more complete overview of the energy industry, specifically its economic and financial intricacies, than Investing in Energy: A Primer on the Economics of the Energy Industry. Details how to value and invest in the four big energy sectors: oil, gas, power, and green Describes key financial considerations for the energy sectors, including credit metrics, the importance of liquidity, cash flow, and capital expenditures From Bloomberg, a leading provider of the most up-to-date business news and financial data A comprehensive guide to the economics of the energy industry, Investing in Energy will prove an invaluable resource for traditional energy investors looking to expand into new areas, as well as for eco-investors looking to better understand how energy markets function.

Fisher Investments on Energy

Author : Fisher Investments
Publisher : John Wiley & Sons
ISBN 13 : 047047873X
Total Pages : 279 pages
Book Rating : 4.4/5 (74 download)

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Book Synopsis Fisher Investments on Energy by : Fisher Investments

Download or read book Fisher Investments on Energy written by Fisher Investments and published by John Wiley & Sons. This book was released on 2009-01-15 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first offering from the Fisher Investments On investing series is a comprehensive guide to the Energy sector. The book can benefit both new and seasoned investors, covering everything from Energy sector basics to specific industry insights to practical investing tactics, including common pitfalls to avoid. Azelton and Teufel demonstrate a method for uncovering performance and risk-management opportunities—and show the readers how they can do it, too. Filled with detailed graphs and tables, unique insight, and practical advice, Fisher Investments on Energy can provide readers with a solid foundation in this sector. For more information visit www.energy.fisherinvestments.com

Strategic Investment in Power Generation Under Uncertainty

Author : Diana Kudakwashe Chiyangwa
Publisher :
ISBN 13 :
Total Pages : 86 pages
Book Rating : 4.:/5 (668 download)

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Book Synopsis Strategic Investment in Power Generation Under Uncertainty by : Diana Kudakwashe Chiyangwa

Download or read book Strategic Investment in Power Generation Under Uncertainty written by Diana Kudakwashe Chiyangwa and published by . This book was released on 2010 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this study is to develop a strategy for investment in power generation technologies in the future given the uncertainties in climate policy and fuel prices. First, such studies are commonly conducted using deterministic methods which assume a given likelihood of the carbon and gas price levels. In this study a probabilistic approach is used to address these uncertainties. Secondly, capacity expansion models conventionally apply average estimates to predict the amount of power that each generator will produce based on the technology chosen. I propose an alternate method which determines the actual generation hour-by-hour of a generator. Using this method, I also capture the variability of wind generation across the year. To accomplish this goal, I used the Electric Reliability Council of Texas (ERCOT) as a case study. I investigated the effect of different scenarios of generation technology investments projected over a period of twenty years. I conducted two sets of analysis; first assuming that Carbon Capture and Storage (CCS) technologies will be available after 2020, then assuming that they will not. Using a dispatch model, I simulated the hours of a load duration curve for 2020 and 2030. In the first period 2010-2020, I assumed the price of carbon to either be $0 or $50/ton CO2. In the second period, I take the carbon price to be at either a low of $25/ton of CO2 or a high of $100/ton of CO2 . The price of natural gas used was either a high of $15/MMBtu or a low of $3/MMBtu in both periods. Using a Monte Carlo, I sample the wind generation based on the season and the time of day. The system costs with the new investment scenarios were then evaluated in a decision tree to establish the socially optimal solution. I find that the optimal strategy to be taken today depends on the availability of CCS technologies in 2030. Assuming that there is CCS in 2030, the more dominant strategy would be to build natural gas generators today. If we assume that there is no CCS in 2030, the strategy would depend on the probabilities of the levels of gas and carbon prices in 2020.

The Economics of Electricity Markets

Author : Darryl R. Biggar
Publisher : John Wiley & Sons
ISBN 13 : 1118775724
Total Pages : 493 pages
Book Rating : 4.1/5 (187 download)

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Book Synopsis The Economics of Electricity Markets by : Darryl R. Biggar

Download or read book The Economics of Electricity Markets written by Darryl R. Biggar and published by John Wiley & Sons. This book was released on 2014-07-10 with total page 493 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bridges the knowledge gap between engineering and economics in a complex and evolving deregulated electricity industry, enabling readers to understand, operate, plan and design a modern power system With an accessible and progressive style written in straight-forward language, this book covers everything an engineer or economist needs to know to understand, operate within, plan and design an effective liberalized electricity industry, thus serving as both a useful teaching text and a valuable reference. The book focuses on principles and theory which are independent of any one market design. It outlines where the theory is not implemented in practice, perhaps due to other over-riding concerns. The book covers the basic modelling of electricity markets, including the impact of uncertainty (an integral part of generation investment decisions and transmission cost-benefit analysis). It draws out the parallels to the Nordpool market (an important point of reference for Europe). Written from the perspective of the policy-maker, the first part provides the introductory background knowledge required. This includes an understanding of basic economics concepts such as supply and demand, monopoly, market power and marginal cost. The second part of the book asks how a set of generation, load, and transmission resources should be efficiently operated, and the third part focuses on the generation investment decision. Part 4 addresses the question of the management of risk and Part 5 discusses the question of market power. Any power system must be operated at all times in a manner which can accommodate the next potential contingency. This demands responses by generators and loads on a very short timeframe. Part 6 of the book addresses the question of dispatch in the very short run, introducing the distinction between preventive and corrective actions and why preventive actions are sometimes required. The seventh part deals with pricing issues that arise under a regionally-priced market, such as the Australian NEM. This section introduces the notion of regions and interconnectors and how to formulate constraints for the correct pricing outcomes (the issue of "constraint orientation"). Part 8 addresses the fundamental and difficult issue of efficient transmission investment, and finally Part 9 covers issues that arise in the retail market. Bridges the gap between engineering and economics in electricity, covering both the economics and engineering knowledge needed to accurately understand, plan and develop the electricity market Comprehensive coverage of all the key topics in the economics of electricity markets Covers the latest research and policy issues as well as description of the fundamental concepts and principles that can be applied across all markets globally Numerous worked examples and end-of-chapter problems Companion website holding solutions to problems set out in the book, also the relevant simulation (GAMS) codes

Sustainable Energy Solutions with Artificial Intelligence, Blockchain Technology, and Internet of Things

Author : Arpit Jain
Publisher : CRC Press
ISBN 13 : 1000934004
Total Pages : 160 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Sustainable Energy Solutions with Artificial Intelligence, Blockchain Technology, and Internet of Things by : Arpit Jain

Download or read book Sustainable Energy Solutions with Artificial Intelligence, Blockchain Technology, and Internet of Things written by Arpit Jain and published by CRC Press. This book was released on 2023-09-15 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: The text provides sustainable energy solutions using smart technologies such as artificial intelligence, blockchain technology, and the Internet of Things. It further presents several case studies on applications of the Internet of Things, artificial intelligence, and blockchain technology in the field of sustainable energy. Focuses on the integration of smart technology including artificial intelligence and sustainable energy Covers recent advancements in energy management techniques used in residential and commercial energy systems Highlights the use of artificial intelligence, machine learning, and their applications in sustainable energy Discusses important topics such as green energy, grid modernization, smart security in the power grid, and fault diagnosis Presents case studies on the applications of the Internet of Things, blockchain, and artificial intelligence in sustainable energy The text showcases the latest advancements, and the importance of technologies including artificial intelligence, blockchain, and Internet of Things in achieving sustainable energy systems. It further discusses the role of machine learning, applied deep learning, and edge computing in renewable energy. The text cover key concepts such as intelligent battery management system, energy trading, green energy, grid modernization, electric vehicles, and charging station optimization. It will serve as an ideal reference text for senior undergraduate, graduate students, and academic researchers in the fields including electrical engineering, electronics and communication engineering, computer engineering, and environmental engineering.

Intelligent Network Integration of Distributed Renewable Generation

Author : Nadarajah Mithulananthan
Publisher : Springer
ISBN 13 : 3319492713
Total Pages : 145 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis Intelligent Network Integration of Distributed Renewable Generation by : Nadarajah Mithulananthan

Download or read book Intelligent Network Integration of Distributed Renewable Generation written by Nadarajah Mithulananthan and published by Springer. This book was released on 2016-12-09 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces several simple analytical approaches to aid the seamless integration of renewable distributed generation. It focuses on the idea of intelligent integration, which involves locating and developing suitable operational characteristics of renewable distributed generation. After reviewing the options available, the best location should be chosen, an appropriately sized operation should be installed and the most suitable operational characteristics should be adopted. Presenting these simple analytical approaches, their step-by-step implementation and a number of cases studies using test distribution systems, the book clearly demonstrates the technical, economic and environmental benefits of intelligent integration.

Optimum Choice of Energy System Configuration and Storages for a Proper Match between Energy Conversion and Demands

Author : Andrea Lazzaretto
Publisher : MDPI
ISBN 13 : 3039280368
Total Pages : 362 pages
Book Rating : 4.0/5 (392 download)

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Book Synopsis Optimum Choice of Energy System Configuration and Storages for a Proper Match between Energy Conversion and Demands by : Andrea Lazzaretto

Download or read book Optimum Choice of Energy System Configuration and Storages for a Proper Match between Energy Conversion and Demands written by Andrea Lazzaretto and published by MDPI. This book was released on 2020-01-31 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Special Issue addresses the general problem of a proper match between the demands of energy users and the units for energy conversion and storage, by means of proper design and operation of the overall energy system configuration. The focus is either on systems including single plants or groups of plants, connected or not to one or more energy distribution networks. In both cases, the optimum design and operation involve decisions about thermodynamic processes, about the type, number, design parameters of components/plants, and storage capacities, and about mutual interconnections and the interconnections with the distribution grids. The problem is absolutely general, encompassing design and operation of energy systems for single houses, groups of houses, industries, industrial districts, municipal areas, regions and countries. The presented papers show that similar approaches can be used in different applications, although a general standard has not been achieved yet.