Strategic Power Plant Investment Planning Under Fuel and Carbon Price Uncertainty

Download or read book Strategic Power Plant Investment Planning Under Fuel and Carbon Price Uncertainty written by Ansgar Geiger and published by KIT Scientific Publishing. This book was released on 2014-08-20 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: The profitability of power plant investments depends strongly on uncertain fuel and carbon prices. In this doctoral thesis, we combine fundamental electricity market models with stochastic dynamic programming to evaluate power plant investments under uncertainty. The application of interpolation-based stochastic dynamic programming and approximate dynamic programming allows us to consider a greater variety of stochastic fuel and carbon price scenarios compared to other approaches.