NDLI: Considering start-up costs and risk premia in a power generation cost model

Content Provider	IEEE Xplore Digital Library
Author	Mirbach, T. Schuetze, T.
Copyright Year	2009
Description	Author affiliation: RWTH Aachen University, Institute of Power Systems and Power Economics (Mirbach, T.; Schuetze, T.)
Abstract	The market price for electrical energy is one of the main decisive factors for operational and strategic questions of power generation companies (PGC). Using market simulation methods which simulate the market for electrical energy the price development can be investigated. However, the deficit of typical market simulation methods is, that these methods in general not consider all cost components of the power generation from the point of view of a PGC. Especially the consideration of start-up costs as well as the financial hedge of power plant outages by risk premia are supposed to be relevant cost components concerning the power generation and has to be analyzed and evaluated in detail. Considering these circumstances, this paper presents an extended market simulation method for the investigation of the price development in the central European market for electrical energy under consideration of start-up costs and risk premia.
Starting Page	1
Ending Page	6
File Size	225190
Page Count	6
File Format	PDF
ISBN	9781424422340
DOI	10.1109/PTC.2009.5282024
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2009-06-28
Publisher Place	Romania
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Costs Power generation Power generation economics Power system modeling Power system economics Power system simulation Risk analysis Electricity supply industry Fuel economy Profitability price development generation cost components risk premia start-up costs unit commitment market simulation
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in