Download Analytical Methods for Energy Diversity and Security: by Morgan Bazilian, Fabien Roques PDF

By Morgan Bazilian, Fabien Roques

This is often an incredible quantity for execs in academia, and executive attracted to the quickly evolving quarter on the nexus among power and weather swap coverage. The state of the art overseas contributions let for a large assurance of the subject. strength range and safeguard makes a speciality of the respect of monetary possibility within the strength area. It describes how instruments borrowed from monetary monetary thought, specifically mean-variance portfolio idea, offers insights at the bills and advantages of range, and therefore tell funding choice making in stipulations of uncertainty. It provides the reader an in-depth knowing of the way to control threat at a time while the world's concentration is in this sector. The booklet presents insights from best gurus within the zone of strength defense. It supplies readers ample, rigorous research and advice at a severe time in dealing with the dual demanding situations of strength safeguard and weather swap. The booklet additionally highlights the function of unpolluted power expertise in relocating in the direction of destiny various and clever electrical energy structures. will probably be a depended on, first element of reference for decision-makers within the box of power policy.The ebook incorporates a foreword by means of the 2007 Nobel Peace Prize winner. All royalties from sale of this publication could be donated to charities operating within the power quarter within the constructing international. . Theoretical underpinning and utilized use of Portfolio idea within the strength region. In-depth attention of danger. Contributions from top overseas strength economists. cutting edge methodologies for pondering power safety and variety

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Read or Download Analytical Methods for Energy Diversity and Security: Portfolio Optimization in the Energy Sector: A Tribute to the work of Dr. Shimon Awerbuch (Elsevier Global Energy Policy and Economics Series) PDF

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Extra resources for Analytical Methods for Energy Diversity and Security: Portfolio Optimization in the Energy Sector: A Tribute to the work of Dr. Shimon Awerbuch (Elsevier Global Energy Policy and Economics Series)

Sample text

G. through greater fuel-switching possibilities). These policies mitigate exposure to fossil fuel risk and therefore help nations to avoid costly economic losses; these arguments will be discussed further in Section 3 of this chapter. Turning now to the impact of gas prices level and volatility on the economy, it is important to note that the price of gas tends to be highly correlated with international oil prices. This is because of both explicit price indexation and interfuel competition at the burner tip.

The value of the ‘diversity premium’ (Ulph, 1988) that is warranted in any particular energy mix will be a function of the performance attributed to individual energy options and the contributions that each makes to system diversity (Stirling, 1994). In the end, all such issues are judgemental, offering ample scope for legitimate disagreement. , 1991; Mercier and McGowan, 1996). It is to this challenge that discussion will now turn. 2 General properties of energy diversity: variety, balance and disparity At root, diversity is a property of any system whose elements may be apportioned into categories.

Fuel mix diversification incentives in liberalized electricity markets: a mean-variance portfolio theory approach. Energy Economics 30(4), 1831–1849. , de Neufville, R. and Connors, S. (2006). Nuclear power: a hedge against uncertain gas and carbon prices? The Energy Journal, 27(4), 1–24. Siddiqui, A. , Marnay, C. and Wiser, R. H. (2007). Real options valuation of US federal renewable energy research, development, demonstration, and deployment. Energy Policy, 35(1), 262–279. Stirling, A. (1994).

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