dc.contributor.author | Abadie, Luis María | es |
dc.contributor.author | Chamorro Gómez, José Manuel | |
dc.date.accessioned | 2014-02-19T19:00:30Z | |
dc.date.available | 2014-02-19T19:00:30Z | |
dc.date.issued | 2011-10 | |
dc.identifier.citation | Energies 4(10) : 1696-1727 (2011) | es |
dc.identifier.issn | 1996-1073 | |
dc.identifier.uri | http://hdl.handle.net/10810/11574 | |
dc.description.abstract | 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 grid concerns the valuation of the uncertain cash flows that result from the expansion. We propose a valuation model that accommodates both physical and economic uncertainties following the Real Options approach. It combines optimization techniques with Monte Carlo simulation. We illustrate the use of our model in a simplified, two-node grid and assess the decision whether to invest or not in a particular upgrade. The generation mix includes coal-and natural gas-fired stations that operate under carbon constraints. The underlying parameters are estimated from observed market data. | es |
dc.description.sponsorship | Financial support from the Spanish Ministry of Science and Innovation through the research project ECO2011-25064. Chamorro also acknowledges financial support from the Basque Government (through the Programs for the upgrade and mobility of researchers 2011) | es |
dc.language.iso | eng | es |
dc.publisher | MDPI | es |
dc.rights | info:eu-repo/semantics/openAccess | es |
dc.subject | electricity | es |
dc.subject | transmission network | es |
dc.subject | congestion; | es |
dc.subject | expansion | es |
dc.subject | load | es |
dc.subject | fuel prices | es |
dc.subject | generation costs | es |
dc.subject | emission allowances | es |
dc.subject | EU Emissions Trading Scheme (ETS) | es |
dc.subject | GHG abatement | es |
dc.subject | power | es |
dc.title | Valuing Expansions of the Electricity Transmission Network under Uncertainty: The Binodal Case | es |
dc.type | info:eu-repo/semantics/article | es |
dc.rights.holder | © 2011 by the authors; licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution license (http://creativecommons.org/licenses/by/3.0/) | es |
dc.relation.publisherversion | http://www.mdpi.com/1996-1073/4/10/1696 | es |
dc.identifier.doi | 10.3390/en4101696 | |
dc.departamentoes | Economía financiera II | es_ES |
dc.departamentoeu | Finantza ekonomia II | es_ES |
dc.subject.categoria | COMPUTER SCIENCE, MULTIDISCIPLINARY | |