dc.contributor.author | Fleten, Stein-Erik | |
dc.contributor.author | Midthun, Kjetil Trovik | |
dc.contributor.author | Bjørkvoll, Thor | |
dc.contributor.author | Werner, Adrian | |
dc.contributor.author | Fodstad, Marte | |
dc.date.accessioned | 2019-03-13T13:21:11Z | |
dc.date.available | 2019-03-13T13:21:11Z | |
dc.date.created | 2018-10-03T15:09:59Z | |
dc.date.issued | 2018 | |
dc.identifier.isbn | 978-1-5386-1488-4 | |
dc.identifier.uri | http://hdl.handle.net/11250/2589881 | |
dc.description.abstract | Selecting portfolios of electricity production assets, energy sources and market participation strategies facilitates usage and management of complementary resources. It helps also power producers to address uncertainties and to balance profit contributions, costs and risks. Therefore, portfolios should be composed wisely. Our paper will bring concepts of portfolio optimization closer to private energy producers. We highlight important aspects to be considered and outline key value drivers. However, we call also for critical thinking if portfolios of physical assets should be considered a panacea to address uncertainty in power generation and market operations. An example demonstrates that, sometimes, financial instruments rather than diversification into renewables may prove more efficient to hedge risk. In addition to the possibility of hedging through the portfolios, portfolio management can yield benefits for internal physical balancing and market access - but the value in terms of additional profit and risk reduction depends on market conditions. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Institute of Electrical and Electronics Engineers (IEEE) | nb_NO |
dc.relation.ispartof | 2018 15th International Conference on the European Energy Market - EEM | |
dc.title | The Portfolio Perspective in Electricity Generation and Market Operations | nb_NO |
dc.title.alternative | The Portfolio Perspective in Electricity Generation and Market Operations | nb_NO |
dc.type | Chapter | nb_NO |
dc.description.version | acceptedVersion | nb_NO |
dc.identifier.doi | 10.1109/EEM.2018.8469857 | |
dc.identifier.cristin | 1617663 | |
dc.description.localcode | © 2018 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. | nb_NO |
cristin.unitcode | 194,60,25,0 | |
cristin.unitname | Institutt for industriell økonomi og teknologiledelse | |
cristin.ispublished | true | |
cristin.fulltext | postprint | |
cristin.qualitycode | 1 | |