Financial risk management for new technology integration in energy planning under uncertainty

• Published in: Applied energy Vol. 128; pp. 75 - 81
• Main Authors: Ahmed, Sajjad, Elsholkami, Mohamed, Elkamel, Ali, Du, Juan, Ydstie, Erik B., Douglas, Peter L.
• Format: Journal Article
• Language: English
• Published: Kidlington Elsevier Ltd 01.09.2014; Elsevier
• Subjects: Applied sciences; carbon; case studies; Electricity; electricity generation; Energy; Energy management; Energy planning; Exact sciences and technology; Financial risk management; fuels; linear programming; Mathematical models; New technology; New technology integration; Ontario; Optimization; planning; power generation; prices; Programming; Risk management; Stochasticity; Uncertainty; Ontario; Financial risk management; Optimization; Energy planning; New technology integration; Power production; Planning; Risk management

•Financial risk associated with over or underproduction of electricity is studied.•A two-stage stochastic model that considers parameter uncertainties is developed.•The model was applied to a real case to meet projected electricity demand of a fleet of generating stations.•Incorporation of financial...