Real Option Valuation of Electricity Generators in AlbertaPOMPES PAR TRANSITIONS MULTIPLES

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" Real Option Valuation of Electricity Generators in AlbertaPOMPES PAR TRANSITIONS MULTIPLES "

Document Type	:	Latin Dissertation
Language of Document	:	English
Record Number	:	152425
Doc. No	:	ET24217
Main Entry	:	Priya Parthasarathy
Title Proper	:	Real Option Valuation of Electricity Generators in AlbertaPOMPES PAR TRANSITIONS MULTIPLES
Note	:	This document is digital این مدرک بصورت الکترونیکی می باشد
Abstract	:	The Electric Industry restructuring in Alberta has given the opportunity to Generators ofelectricity to view their asset as a Real Option on the 'spark spread7. Free trading ofelectricity and improvements in gas turbine technology have made it possible for theGenerator to start up the turbine only when the spark spread exceeds a certain exerciseprice and shut down otherwise, at zero cost. The flexibility option, whose value wascalculated between the years 1997-2000 using natural gas and electricity prices, adds asmuch as 70 to the earnings of a Generator in Alberta. Recognizing the value of theoption is important to spur growth of generation in the province, which has very littleexcess capacity currently. The results o f the earnings simulation for a Generator inAlberta, generated by bootstrapping actual spark spread data suggests that a simple-.
Subject	:	Electericl tess
	:	برق
electronic file name	:	TL48419.pdf
Title and statement of responsibility and	:	Real Option Valuation of Electricity Generators in AlbertaPOMPES PAR TRANSITIONS MULTIPLES [Thesis]