A Probabilistic Simulation Model to Identify New Generation Investments

Abstract

A probabilistic simulation model is developed to identify the type and timing of new merchant generation opportunities in a spot electricity market. The annual expected net revenues of new entrants are compared against the static revenue requirements to decide the dynamic investment plans. Short-term and long-term electricity spot price dynamics and… (More)

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@article{Fonseka2007APS, title={A Probabilistic Simulation Model to Identify New Generation Investments}, author={P.A.J. Fonseka and T. K. Saha and Z. Y. Dong}, journal={2007 IEEE Power Engineering Society General Meeting}, year={2007}, pages={1-8} }