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The liberalization process, tightening environmental standards and
the need for replacing aged power plants force European utilities
to optimize their future generation mix. Power plants are real
assets and as a consequence the power plant park of a utility firm
equals a portfolio of different generation assets. This thesis adds
to the understanding how to identify an efficient generation
portfolio through time by assuming a non-constant feasible set.
According to our results a combination of conventional thermal and
renewable energies turn out to be efficient in terms of expected
value and risks. Therefore, implementing a strategy based on
renewable energies which cause less CO2 per MWh generated
electricity clearly pays off. Potential readership includes
scholars from energy economics and energy finance as well as
interested practitioners involved in these areas.
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Nadine Gordimer
Paperback
 (2)
R205
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Discovery Miles 1 640
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