Preface The Editors Foreword R. K. Pachauri Pachauri, R. K.
Foreword 2 Eddie O'Connor O'Connor, Eddie Reader's Guide The Editors Introduction Analytic Approaches to Quantify and Value Fuel Mix Diversity The Editors Pt. I Assessing Risks, Costs and Fuel Mix Diversity for Electric Utilities 1
1 Diversity and Sustainable Energy Transitions: Multicriteria Diversity Analysis of Electricity Portfolios Andy Stirling Stirling, Andy 3
2 The Value of Renewable Energy as a Hedge Against Fuel Price Risk: Analytic Contributions from Economic and Finance Theory Mark Bolinger Bolinger, Mark Ryan Wiser Wiser, Ryan 31
3 Using Portfolio Theory to Value Power Generation Investments The Editors 61
4 Use of Real Options as a Policy-Analysis Tool William Blyth Blyth, William 69 Pt. II Applying Portfolio Theory to Identify Optimal Power Generation Portfolios 85
5 Efficient Electricity Generating Portfolios for Europe: Maximizing Energy Security and Climate Change Mitigation Shimon Awerbuch Awerbuch, Shimon Spencer Yang Yang, Spencer 87
6 Portfolio Analysis of the Future Dutch Generating Mix Jaap C. Jansen Jansen, Jaap C. Luuk Beurskens Beurskens, Luuk 117
7 The Role of Wind Generation in Enhancing Scotland's Energy Diversity and Security: A Mean-Variance Portfolio Optimization of Scotland's Generating Mix Shimon Awerbuch Awerbuch, Shimon Jaap C. Jansen Jansen, Jaap C. Luuk Beurskens Beurskens, Luuk 139
8 Generation Portfolio Analysis for a Carbon Constrained and Uncertain Future Ronan Doherty Doherty, Ronan Hugh Outhred Outhred, Hugh Mark O'Malley O'Malley, Mark 151
9 The Economics of Renewable Resource Credits Christiaan Hogendorn Hogendorn, Christiaan PaulKleindorfer Kleindorfer, Paul 167 Pt. III Frontier Applications of the Mean-Variance Optimization Model for Electric Utilities Planning 191
10 Efficient and Secure Power for the United States and Switzerland 193 Boris Krey Krey, Boris Peter Zweifel Zweifel, Peter
11 Portfolio Optimiztion and Utilities' Investments in Liberalized Power Markets Fabien A. Roques Roques, Fabien A. David M. Newbery Newbery, David M. William J. Nuttall Nuttall, William J. 219
12 Risk Management in a Competitive Electricity Market Min Liu Min, Liu Felix F. Wu Wu, Felix F. 247
13 Application of Mean-Variance Analysis to Locational Value of Generation Assets Serhiy Kotsan Kotsan, Serhiy Stratford Douglas Douglas, Stratford 263
14 Risk, Embodied Technical Change and Irreversible Investment Decisions in UK Electricity Production: An Optimum Technology Portfolio Approach Adriaan van Zon van Zon, Adriaan Sabine Fuss Fuss, Sabine 275 Index 305 Shimon Awerbuch Biography 317 Charity 319