Diversification of fuel costs accounting for load variation

Suriya Ruangpattana, Paul Preckel (), Douglas J. Gotham, Kumar Muthuraman, Marco Velástegui, Thomas L. Morin and Nelson A. Uhan

Energy Policy, 2012, vol. 42, issue C, 400-408

Abstract: A practical mathematical programming model for the strategic fuel diversification problem is presented. The model is designed to consider the tradeoffs between the expected costs of investments in capacity, operating and maintenance costs, average fuel costs, and the variability of fuel costs. In addition, the model is designed to take the load curve into account at a high degree of resolution, while keeping the computational burden at a practical level.

Keywords: Energy risk management; Fuel price risk; Fuel diversification (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:42:y:2012:i:c:p:400-408

DOI: 10.1016/j.enpol.2011.12.004

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