Topic
Spark spread
About: Spark spread is a research topic. Over the lifetime, 83 publications have been published within this topic receiving 1592 citations.
Papers published on a yearly basis
Papers
TL;DR: In this paper, the analysis of the interplay between daily carbon, electricity and gas price data with the European Union Emission Trading System (EU ETS) for CO2 emissions is presented.
220 citations
TL;DR: In this article, the authors investigated the pricing and operation strategy with demand response (DR) for a MG retailer in an integrated energy system (IES), based on co-optimizing retail rates and MG dispatch formulated as a mixed integer quadratic programming (MIQP) problem, devises a dynamic pricing scheme that reflects the cost of generation and promotes DR, in tandem with an optimal dispatch plan that exploits spark spread and facilitates the integration of renewables.
186 citations
TL;DR: It is found that the impacts of operational constraints on real asset valuation are dependent on both the model specification and the nature of operating characteristics.
Abstract: We describe a stochastic dynamic programming approach for “real option”-based valuation of electricity generation capacity incorporating operational constraints and start-up costs. Stochastic prices of electricity and fuel are represented by recombining multinomial trees. Generators are modeled as a strip of cross-commodity call options with a delay and a cost imposed on each option exercise. We illustrate implications of operational characteristics on the valuation of generation assets under different modeling assumptions about the energy commodity prices. We find that the impacts of operational constraints on real asset valuation are dependent on both the model specification and the nature of operating characteristics.
101 citations
TL;DR: In this paper, the authors analyze investments in gas-fired power plants based on stochastic electricity and natural gas prices and find that when the decision to build is considered, the abandonment option does not have significant value, whereas the operating flexibility and time to build option have significant effect on the building threshold.
93 citations
TL;DR: In this paper, the value of a gas fired power depends on the spark spread, defined as the difference between the price of electricity and the cost of gas used for the generation of electricity.
89 citations
Related Topics (5)
Performance Metrics
| Year | Papers |
|---|---|
| 2021 | 4 |
| 2020 | 2 |
| 2019 | 2 |
| 2018 | 5 |
| 2017 | 5 |
| 2016 | 3 |