Picture of DNA strand

Pioneering chemical biology & medicinal chemistry through Open Access research...

Strathprints makes available scholarly Open Access content by researchers in the Department of Pure & Applied Chemistry, based within the Faculty of Science.

Research here spans a wide range of topics from analytical chemistry to materials science, and from biological chemistry to theoretical chemistry. The specific work in chemical biology and medicinal chemistry, as an example, encompasses pioneering techniques in synthesis, bioinformatics, nucleic acid chemistry, amino acid chemistry, heterocyclic chemistry, biophysical chemistry and NMR spectroscopy.

Explore the Open Access research of the Department of Pure & Applied Chemistry. Or explore all of Strathclyde's Open Access research...

Investment planning in electricity production under CO2 price uncertainty

Rentizelas, Athanasios A. and Tolis, Athanasios I. and Tatsiopoulos, Ilias P. (2012) Investment planning in electricity production under CO2 price uncertainty. International Journal of Production Economics, 140 (2). pp. 622-629. ISSN 0925-5273

[img] PDF
PROECO_InvPlan_publisher_version.pdf
Final Published Version

Download (1MB)

    Abstract

    The scope of this work is to investigate the effect that various scenarios for emission allowance price evolution may have on the future electricity generation mix of Greece. The renewable energy generation targets are taken into consideration as a constraint of the system, and the learning rates of the various technologies are included in the calculations. The national electricity generation system is modelled for long-term analysis and an optimisation method is applied, to determine the optimal generating mix that minimises electricity generation cost, while satisfying the system constraints and incorporating the uncertainty of emission allowance prices. In addition, an investigation is made to identify if a point should be expected when renewable energy will be more cost-effective than conventional fuel electricity generation. The work is interesting for investment planning in the electricity market, as it may provide directions on which technologies are most probable to dominate the market in the future, and therefore are of interest to be included in the future power portfolios of related investors. (C) 2010 Elsevier B.V. All rights reserved.