{"title":"在竞争激烈的电力市场中对新一代资产的估值","authors":"E. Caruso, M. Dicorato, A. Minoia, M. Trovato","doi":"10.1109/MELCON.2004.1348237","DOIUrl":null,"url":null,"abstract":"The selection and the valuation of a power project reveal a very difficult task in a liberalized electricity market. In conjunction with the highly capital-intensive feature of electricity supply, different factors can influence the profitability of the investment, such as: market rules, plant location, load demand and fuel cost trend, etc. In this paper, a methodology based on the long-term simulation of an electricity market is proposed to investigate the financial feasibility of new generation assets. The simulation tool handles zonal- or nodal- based pricing schemes, with different kinds of equality and inequality constraints. The procedure has been applied to evaluate the penetration level of combined cycle gas turbine power plants in southern Italy.","PeriodicalId":164818,"journal":{"name":"Proceedings of the 12th IEEE Mediterranean Electrotechnical Conference (IEEE Cat. No.04CH37521)","volume":"3 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2004-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"The valuation of new generation assets in a competitive electricity market\",\"authors\":\"E. Caruso, M. Dicorato, A. Minoia, M. Trovato\",\"doi\":\"10.1109/MELCON.2004.1348237\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The selection and the valuation of a power project reveal a very difficult task in a liberalized electricity market. In conjunction with the highly capital-intensive feature of electricity supply, different factors can influence the profitability of the investment, such as: market rules, plant location, load demand and fuel cost trend, etc. In this paper, a methodology based on the long-term simulation of an electricity market is proposed to investigate the financial feasibility of new generation assets. The simulation tool handles zonal- or nodal- based pricing schemes, with different kinds of equality and inequality constraints. The procedure has been applied to evaluate the penetration level of combined cycle gas turbine power plants in southern Italy.\",\"PeriodicalId\":164818,\"journal\":{\"name\":\"Proceedings of the 12th IEEE Mediterranean Electrotechnical Conference (IEEE Cat. No.04CH37521)\",\"volume\":\"3 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2004-05-12\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Proceedings of the 12th IEEE Mediterranean Electrotechnical Conference (IEEE Cat. No.04CH37521)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1109/MELCON.2004.1348237\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Proceedings of the 12th IEEE Mediterranean Electrotechnical Conference (IEEE Cat. No.04CH37521)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/MELCON.2004.1348237","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
The valuation of new generation assets in a competitive electricity market
The selection and the valuation of a power project reveal a very difficult task in a liberalized electricity market. In conjunction with the highly capital-intensive feature of electricity supply, different factors can influence the profitability of the investment, such as: market rules, plant location, load demand and fuel cost trend, etc. In this paper, a methodology based on the long-term simulation of an electricity market is proposed to investigate the financial feasibility of new generation assets. The simulation tool handles zonal- or nodal- based pricing schemes, with different kinds of equality and inequality constraints. The procedure has been applied to evaluate the penetration level of combined cycle gas turbine power plants in southern Italy.