2011 | OriginalPaper | Chapter
Economics of energy markets
Author : Sebastian Rothe
Published in: Portfolio Analysis of Power Plant Technologies
Publisher: Springer Fachmedien Wiesbaden
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The purpose of this section is to illustrate the main risk factors that have an impact on the profitability of power plants. Therefore, the outcome of liberalization and differences to regulated electricity markets are presented first. Secondly, the variety of power plant technologies is introduced to highlight individual merits regarding market, operational and other risk factors. Thirdly, we describe the European Emission Trading Scheme (EU ETS), as carbon prices affect the profitability of conventional thermal power plants.