000244540 001__ 244540
000244540 005__ 20180123004943.0
000244540 037__ $$a839-2016-55878
000244540 041__ $$aen_US
000244540 084__ $$aQ42
000244540 084__ $$aC61
000244540 084__ $$aD81
000244540 245__ $$aInvesting in Photovoltaics: Timing, Plant Sizing and Smart Grids Flexibility
000244540 260__ $$c2016-09-07
000244540 269__ $$a2016-09-07
000244540 270__ $$mmichele.moretto@unipd.it$$pMoretto,   Michele
000244540 300__ $$a30
000244540 336__ $$aWorking or Discussion Paper
000244540 490__ $$aMITP
000244540 490__ $$a60.2016
000244540 520__ $$aIn Italy and in many EU countries, the last decade was characterized by a large development of distributed generation power plants. Their presence determined new critical issues for the design and management of the overall energy system and the electric grid due to the presence of discontinuous production sources. It is commonly agreed that contingent problems that affect local grids (e.g. inefficiency, congestion rents, power outages, etc.) may be solved by the implementation of a “smarter” electric grid. The main feature of smarts grid is the great increase in production and consumption flexibility. Smart grids give producers and consumers, the opportunity to be active in the market and strategically decide their optimal production/consumption scheme. The paper provides a theoretical framework to model the prosumer’s decision to invest in a photovoltaic power plant, assuming it is integrated in a smart grid. To capture the value of managerial flexibility, a real option approach is implemented. We calibrate and test the model by using data from the Italian energy market.
000244540 542__ $$fLicense granted by Emanuela Ragnolini (emanuela.ragnolini@feem.it) on 2016-09-07T09:11:42Z (GMT):

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000244540 650__ $$aResource /Energy Economics and Policy
000244540 6531_ $$aSmart Grids
000244540 6531_ $$aRenewable Energy Sources
000244540 6531_ $$aReal Options
000244540 6531_ $$aProsumer
000244540 700__ $$aBertolini, Marina
000244540 700__ $$aD’Alpaos, Chiara
000244540 700__ $$aMoretto, Michele
000244540 8564_ $$s1359289$$uhttp://ageconsearch.umn.edu/record/244540/files/NDL2016-060.pdf
000244540 887__ $$ahttp://purl.umn.edu/244540
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  Previous issue date: 2016-09-07
000244540 982__ $$gFondazione Eni Enrico Mattei (FEEM)>MITP: Mitigation, Innovation and Transformation Pathways
000244540 980__ $$a839