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Evaluation of a cross-border electricity interconnection: The case of Spain-France
(Elsevier, 2021-10-15)
[EN]This paper focuses on the economics of a cross-border transmission interconnector. The domestic spot electricity price is modelled as a stochastic process with mean reversion and jumps; it also includes a deterministic ...
Valuation of Real Options in Crude Oil Production
(MDPI, 2017-08-17)
Oil producers are going through a hard period. They have a number of real options at their disposal. This paper addresses the valuation of two of them: the option to delay investment and the option to abandon a producing ...
Valoración de la garantía de los planes de pensiones en España
(2004-09)
Algunas reformas de la Seguridad Social animan u obligan a los individuos a pasar desde un sistema de pensiones con prestación definida gestionado públicamente a otro de aportación definida gestionado privadamente. Con ...
Long Term Dynamics in CO2 Allowance Prices and Carbon Capture Investments
(2007-05)
In this paper we analyse the behaviour of the EU market for CO2 emission allowances; specifically, we focus on the contracts maturing in the Kyoto Protocol's second period of application (2008 to 2012). We calibrate the ...
Valuing Flexibility: The case of an Integrated Gasification Combined Cycle Power Plant
(2005-10)
In this paper we analyze the valuation of options stemming from the flexibility in an Integrated Gasification Combined Cycle (IGCC) Power Plant. First we use as a base case the opportunity to invest in a Natural Gas Combined ...
Monte Carlo Valuation of natural gas investments
(2006-07)
This paper deals with the valuation of energy assets related to natural gas. In particular, we evaluate a baseload Natural Gas Combined Cycle (NGCC) power plant and an ancillary instalation, namely a Liquefied Natural Gas ...
Privatización de pensiones y provisión de garantías: una exploración del caso español
(2003-07)
Los sistemas de pensiones públicas de reparto con prestación definida a lo largo del mundo se están convirtiendo a planes de aportación definida capitalizados, donde los agentes eligen sus carteras de acciones y bonos. A ...
Income risk of EU coal-fired power plants after Kyoto
(2008-10)
Coal-fired power plants may enjoy a significant advantage relative to gas plants in terms of cheaper fuel cost. Still, this advantage may erode or even turn into disadvantage depending on CO2 emission allowance price. This ...
Valuing Expansions of the Electricity Transmission Network under Uncertainty: The Binodal Case
(MDPI, 2011-10)
Transmission investments are currently needed to meet an increasing electricity demand, to address security of supply concerns, and to reach carbon-emissions targets. A key issue when assessing the benefits from an expanded ...
The Economics of Gasification: A Market-Based Approach
(MDPI, 2009-09)
This paper deals with the economics of gasification facilities in general and IGCC power plants in particular. Regarding the prospects of these systems, passing the technological test is one thing, passing the economic ...