Power Plant Valuation and Investment Decision

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21230%2F11%3A00186340" target="_blank" >RIV/68407700:21230/11:00186340 - isvavai.cz</a>

Výsledek na webu

<a href="http://www.power-engineering.sk" target="_blank" >http://www.power-engineering.sk</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Power Plant Valuation and Investment Decision

Popis výsledku v původním jazyce

With the introduction of competitive and liberalized electricity markets, power plant investment analysis has become an important issue for electricity companies. The real options theory fits very well into the valuation of power plant investment opportunities due to the operational flexibility and the opportunities to invest in power plants can also be modeled in this way. An base-load power plant can be regarded as a string of forward contracts and peak-load power plant can be regarded as a string ofcall options on spark spreads. When valuing a power plant value or power plant investment opportunities, we model normally the electricity prices and gas or coal prices separately and calculate the forecasted cash flows with certain heat rates. This reduces to a real options problem with the underlying variable following an Arithmetic Brownian motion process

Název v anglickém jazyce

Power Plant Valuation and Investment Decision

Popis výsledku anglicky

With the introduction of competitive and liberalized electricity markets, power plant investment analysis has become an important issue for electricity companies. The real options theory fits very well into the valuation of power plant investment opportunities due to the operational flexibility and the opportunities to invest in power plants can also be modeled in this way. An base-load power plant can be regarded as a string of forward contracts and peak-load power plant can be regarded as a string ofcall options on spark spreads. When valuing a power plant value or power plant investment opportunities, we model normally the electricity prices and gas or coal prices separately and calculate the forecasted cash flows with certain heat rates. This reduces to a real options problem with the underlying variable following an Arithmetic Brownian motion process

Druh

D - Stať ve sborníku

CEP obor

JE - Nejaderná energetika, spotřeba a užití energie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2011

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Power Engineering 2011

ISBN

978-80-89402-40-3

ISSN

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e-ISSN

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Počet stran výsledku

4

Strana od-do

1-4

Název nakladatele

Slovak University of Technology in Bratislava

Místo vydání

Bratislava

Místo konání akce

Tatranské Matliare

Datum konání akce

7. 6. 2011

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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