Browsing NTNU Open by Author "Ullrich, Carl J."

Now showing items 1-6 of 6

    • Observed switches and derived profitability indicators for peaking power plants: Northeast U.S. 2001–2009 

      Fleten, Stein-Erik; Haugom, Erik; Pichler, Alois; Ullrich, Carl J. (Journal article; Peer reviewed, 2019)
      The data are related to the research article “Structural estimation of switching costs for peaking power plants,” https://doi.org/10.1016/j.ejor.2019.03.031. Fleten et al., 2019 We display the operating status of peaking ...

    • Policy Uncertainty and Real Options in Switching of Peak Generators 

      Fleten, Stein-Erik; Johansen, Marius; Pichler, Alois; Ullrich, Carl J. (Journal article, 2016)
      This paper examines empirically how economic factors, government policy, and strategic interactions affect manager’s decisions to switch between operating and stand-by states for peaking electric power generators. We model ...

    • Sequential Investment in Gas-Fired Power Plants 

      Ingebrigtsen, Kristoffer; Kaldahl, Jonas Aase; Fleten, Stein-Erik; Ullrich, Carl J. (Journal article; Peer reviewed, 2018)
      This paper presents an empirical analysis of the real options to postpone and cancel sequential investments with time-to-build. Using generator level data we consider investments in gas-fired combined cycle and combustion ...

    • Structural Estimation of Switching Costs for Peaking Power Plants 

      Fleten, Stein-Erik; Haugom, Erik; Pichler, Alois; Ullrich, Carl J. (Journal article; Peer reviewed, 2019)
      We estimates costs associated with mothballing, restarting, abandoning and maintaining peaking power plants. We develop a real options model to explain switching and maintenance behavior of plant managers. The constrained ...

    • The Effect of Capacity Payments on Peaking Generator Availability in PJM 

      Fleten, Stein-Erik; Fram, Benjamin P.; Ledsaak, Magne; Mehl, Sigurd; Røssum, Ola; Ullrich, Carl J. (Journal article; Peer reviewed, 2019)
      This paper aims to study the effects of capacity payments on the operational decisions of plant managers for peaking units in the PJM Interconnection. We achieve this through a structural estimation of maintenance and ...

    • The real options to shutdown, startup, and abandon: U.S. electricity industry evidence 

      Fleten, Stein-Erik; Haugom, Erik; Ullrich, Carl J. (Journal article, 2017)
      The purpose of this paper is to examine empirically the partially irreversible decisions to shutdown, startup, and abandon existing production assets under cash flow uncertainty and regulatory uncertainty. We use detailed ...