Income Risk of Eu Coal-fired Power Plants After
نویسندگان
چکیده
Coal- red power plants may enjoy a signi cant advantage relative to gas plants in terms of cheaper fuel cost. Still, this advantage may erode or even turn into disadvantage depending on CO2 emission allowance price. This price will presumably rise in both the Kyoto Protocol commitment period (2008-2012) and the rst post-Kyoto years. Thus, in a carbonconstrained environment, coal plants face nancial risks arising in their pro t margins, which in turn hinge on their so-called clean dark spread. These risks are further reinforced when the price of the output electricity is determined by natural gas- red plantsmarginal costs, which di¤er from coal plantscosts. We aim to assess the risks in coal plantsmargins. We adopt parameter values estimated from empirical data. These in turn are derived from natural gas and electricity markets alongside the EU ETS market where emission allowances are traded. Monte Carlo simulation allows to compute the expected value and risk pro le of coal-based electricity generation. We focus on the clean dark spread in both time periods under di¤erent
منابع مشابه
Review of Control Technologies for Mercury Emissions from Coal-Fired Power Plants Plus The connection of human health risks to mercury air emissions from coal-fired power plants
................................................................................................................................................. 3 Introduction ............................................................................................................................................ 3 Health Risks from Long-term Exposure to Mercury and the Link to Coal-Fired Power Plants ........
متن کاملAssessing the Mercury Health Risks Associated with Coal-fired Power Plants: Impacts of Local Depositions
The U.S. Environmental Protection Agency has announced plans to regulate emissions of mercury to the atmosphere from coal-fired power plants. However, there is still debate over whether the limits should be placed on a nationwide or a plant-specific basis. Before a nationwide limit is selected, it must be demonstrated that local deposition of mercury from coal-fired power plants does not impose...
متن کاملAssessment of direct radiological risk and indirect associated toxic risks originated by Coal-Fired Power Plants
Over the past few decades there has been some discussion concerning the increase of the natural background radiation originated by coal-fired power plants, due to the uranium and thorium content present in combustion ashes. The radioactive decay products of uranium and thorium, such as radium, radon, polonium, bismuth and lead, are also released in addition to a significant amount of 40K. Since...
متن کاملQuantification of radionuclides and associated radiological risk estimation of coal combustion residues from a South African coal-fired power plant
Background: Radionuclides occur in coal combustion residues, such as fly ash and bottom ash, which are by-products of coal combustion. They pose potential radiological risks to people present in the surrounding areas. Materials and Methods: Gamma spectrometry was performed to determine the radionuclide activity concentrations in a coal-driven power plant located in the Limpopo province, South A...
متن کاملInvestment Risk of New Coal-Fired Power Plants
The decision to invest in new power plants is affected by the actions and evaluations of investors, regulators, utility managers, and power plant developers. Utility managers and power plant developers are key decision makers because it is their assessment of the market for electricity that drives the process. In regulated utility markets, regulators also play a crucial role, as their approval ...
متن کامل