Download Analytical Methods for Energy Diversity and Security: by Morgan Bazilian, Fabien Roques PDF

By Morgan Bazilian, Fabien Roques

ISBN-10: 0080568874

ISBN-13: 9780080568874

This can be an awesome quantity for execs in academia, and govt drawn to the swiftly evolving zone on the nexus among strength and weather swap coverage. The state-of-the-art foreign contributions permit for a large insurance of the subject. strength range and safeguard specializes in the respect of economic chance within the power region. It describes how instruments borrowed from monetary financial conception, specifically mean-variance portfolio idea, provides insights at the charges and advantages of variety, and therefore tell funding determination making in stipulations of uncertainty. It supplies the reader an in-depth realizing of ways to control chance at a time while the world's concentration is in this sector. The publication presents insights from best experts within the sector of strength protection. It offers readers considerable, rigorous research and suggestions at a serious time in dealing with the dual demanding situations of strength protection and weather switch. The publication additionally highlights the function of unpolluted strength expertise in relocating in the direction of destiny various and clever electrical energy platforms. it is going to be a relied on, first aspect of reference for decision-makers within the box of power policy.The e-book contains a foreword by means of the 2007 Nobel Peace Prize winner. All royalties from sale of this e-book may be donated to charities operating within the power area within the constructing global. . Theoretical underpinning and utilized use of Portfolio idea within the strength zone. In-depth attention of threat. Contributions from top overseas power economists. leading edge methodologies for wondering power safety and variety

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Read Online or Download Analytical Methods for Energy Diversity and Security: Portfolio Optimization in the Energy Sector: A Tribute to the work of Dr. Shimon Awerbuch (Elsevier Global Energy Policy and Economics Series) PDF

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Additional resources for Analytical Methods for Energy Diversity and Security: Portfolio Optimization in the Energy Sector: A Tribute to the work of Dr. Shimon Awerbuch (Elsevier Global Energy Policy and Economics Series)

Sample text

The diversity indices presented before do not exploit statistical information. g. price risk for fossil fuel supplies, one can make use of other analytical approaches using statistical data to identify the optimal degree of diversity of an electricity system, by trading off the degree of risk reduction achieved by diversifying away from gas-fired generation 9 See also Lucas et al. (1995) for a critique of Stirling’s diversity index. xxxiv Introduction against the extra cost of doing so. 10 The strength of such approaches rests on the presumption that the past is a reliable guide to the future.

De Neufville, R. and Connors, S. (2006). Nuclear power: a hedge against uncertain gas and carbon prices? The Energy Journal, 27(4), 1–24. Siddiqui, A. , Marnay, C. and Wiser, R. H. (2007). Real options valuation of US federal renewable energy research, development, demonstration, and deployment. Energy Policy, 35(1), 262–279. Stirling, A. (1994). Diversity and ignorance in electricity supply investment. Addressing the solution rather than the problem. Energy Policy, 22 (March), 195–216. Stirling, A.

Each is a necessary but individually insufficient property of diversity (Stirling, 1998). Although addressed in different vocabularies, each is applicable across a range of contexts. Each is aggregated in various permutations and degrees in quantitative indices (Hill, 1973). Despite the multiple disciplines and divergent empirical details, there seems no other obvious candidate for a fourth important general property of diversity beyond these three (Stirling, 1998, p. 47). 1. In terms of electricity supply portfolios, variety is the number of diverse categories of ‘option’ into which a system may be apportioned.

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