Portfolio Optimization in the Electricity Market-Investor’s Perspective

Umit Kilic and Gulgun Kayakutlu ()
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Umit Kilic: Istanbul Technical University
Gulgun Kayakutlu: Istanbul Technical University

Chapter Chapter 9 in Policies and Programs for Sustainable Energy Innovations, 2015, pp 169-183 from Springer

Abstract: Abstract International energy investors are interested in investing new markets where there is a possibility of constructing a portfolio composed of fossil and renewable energies. Capital allocation decision is to be made considering the sociopolitical effects caused. Hence the market is analyzed in terms of production possibilities, price volatility, and social acceptance. The portfolio with maximum possible revenue is to be created with the least environmental effect and the smallest technological risks. This study offers a weighted goal programming (WGP) model, where the weights are calculated using Analytical Network Planning (ANP). Case study is realized in Turkey, because the Turkish electricity market is experiencing significant structural changes and a rapid transformation process. Liberalization and constantly increasing electricity demand in the country have drawn a lot of interest. The same model can be applied in any country by changing the energy resources and country-based criteria.

Keywords: Analytic Hierarchy Process; Electricity Market; Electricity Price; Renewable Energy Technology; Capital Allocation (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:innchp:978-3-319-16033-7_9

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DOI: 10.1007/978-3-319-16033-7_9

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