Improvement and expansion of the transmission grid is still an unresolved issue in the new competitive environment. In current electricity markets, transmission lines have become assets that need financial instruments for investors who wish to ensure steady long-term returns and to withstand...

How does financial performance risk affect investments in low-carbon electricity-generating technologies to achieve climate policy targets? A detailed risk simulation of price formation in the Great Britain wholesale power market is used to show that the increasing replacement of fossil...

A method based on Empirical Martingale Simulation (EMS) is presented to evaluate investments in wind energy. Risk-neutral prices are calculated, where electricity market prices are modeled using an ARIMA–GARCH method which shows conditional heteroskedasticity. The values of the put options are...

Like in the film Field of Dreams, the sentence “if you build it, he will come” also applies in power systems. In this sense, if a transmission planner suggests building some lines in anticipation of generation capacity investments, then it can induce generation companies to invest in a more...

This paper presents a novel strategy, optimized by genetic algorithms, to control stand-alone hybrid renewable electrical systems with hydrogen storage. The strategy optimizes the control of the hybrid system minimizing the total cost throughout its lifetime. The optimized hybrid system can be...

This paper presents the complete design of a photovoltaic installation that may be either used for internal electric consumption or for sale using the premium subsidy awarded by the Spanish Government. Electric optimization strategies are detailed in the project, as well as the sizing of the...

This article presents a model for investing in renewable energies in the framework of the Spanish electricity market in a way that risk is minimised for the investor while returns are maximised. The model outlined here is based on an economic model for calculating cash flows intended to obtain...